AMP Bank logo

AMP Bank AMP Saver Account

Advertiser disclosure
Interest rate
0.01% p.a.(for $0 to $5,000,000)
Maximum rate
1.16% p.a. (for $0 to $250,000)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review AMP Bank AMP Saver Account - last updated: 16 September 2021

binocular icon
What's hot
  • 1.16% p.a. ongoing variable bonus rate on balances up to $250,000 when you deposit at least $250 per month
  • No account fees
  • Unlimited transactions when linked to an AMP Bank transaction account
What's not
  • No branch or ATM access
Mozo snapshot

If you’re looking for a simple place to stash your cash AMP Saver Account just might do the trick. You’ll be able to earn an ongoing variable bonus rate of 1.16% p.a. with this account as long as you deposit $250 per month, plus you won't have to worry about paying any pesky ongoing account keeping fees.

key icon
Key features

With the AMP Saver Account, customers can earn up to 1.16% p.a. in interest on the first $250,000 of their account balance - a 0.01% p.a. standard variable rate, plus a variable bonus of 1.15% p.a. if you deposit at least $250 in your account per month. Interest is earned on your account balance in the month following each eligible deposit and will be paid on the first day of the month after that. Just beware that for any savings above $250,000, your rate will drop down to the 0.01% p.a. standard variable rate. 

Need access to your cash right now? Or have an urgent bill that needs paying? The AMP Saver Account gives you the flexibility to move your money around with unlimited free transactions from your mobile banking app, via the internet or over the phone, and if you connect your AMP Saver Account to an AMP Bank everyday transaction account like the AMP Bank Access Account you'll also get access to a Visa Debit card, Apple Pay, Google Pay and rebated ATM fees.



snapshot
Who is it good for

The AMP Saver Account could be a great pick for committed savers who can keep the minimum deposit amount each month. This might also be a winner for savers who require flexible access to their funds and will take advantage of the unlimited deposits and withdrawals features. 

question icon
Any catches

Bear in mind, with this account there is no branch or ATM access. 

Details

Rates and fees information correct as at 6 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Balances from $0: 0.01% p.a.
Balances from $5,000,000: 0.00% p.a.

Balances from $0: 1.16% p.a.
Balances from $250,000: 0.01% p.a.
Balances from $5,000,000: 0.00% p.a.

Ongoing variable bonus rate applied when customers deposit at least $250 per month into their AMP Saver Account.

Fees

$0.00

n/a

Unlimited free transactions from mobile app, internet, phone (when linked to transaction account)

n/a

n/a

n/a

n/a

n/a

n/a

$0.00

$0.00

n/a

Other financial bits

$0.00

$0.00

Monthly

Features

no

none

no

no

no

no

no

yes

yes

no

no

The ongoing total bonus variable rate of 1.16% p.a. is earned on your account balance the month after you deposit at least $250 and is paid the month after that. Deposit at least $250/month to be eligible for the ongoing bonus rate, up to $250,000.

none

none

Customer Reviews

How are AMP Bank savings accounts rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust

Latest reviews of AMP Bank AMP Saver Account Savings Account

About AMP Bank