Interest rate
0.85% p.a.(for $0 to $5,000,000)
Maximum rate
No Current Offer
Govt deposit guarantee
Yes up to $250,000
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Mozo editorial review AMP Bank Saver Account

Last updated: 11 February 2021.

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What's hot
  • 0.85% p.a. ongoing interest rate
  • No account fees
  • Unlimited transactions when linked to an AMP Bank transaction account
  • 2021 Mozo Experts Choice Award winner
What's not
  • No branch or ATM access
Mozo snapshot

If you’re looking for a simple place to stash your cash AMP Bank Saver Account just might do the trick. You’ll be able to earn a solid 0.85% p.a. standard interest rate with this account, plus you won't have to worry about paying any pesky ongoing account keeping fees.

Plus, you know you'll be in safe hands. In the 2021 Mozo Experts Choice Awards, this account took out gold for the second year in a row in the No Strings Savings category, while AMP was crowned the Small Business Savings Bank of the Year.

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Key features

Unlike many other savings accounts, this account doesn't have any minimum monthly deposit requirements, so if you’re unable to add to your savings stash one month, then no need to panic! You’ll still earn a 0.85% p.a. standard interest rate.

And it's for that reason that this year AMP Bank won a 2021 Mozo Experts Choice Awards in the No Strings category! 

Need access to your cash right now? Or have an urgent bill that needs paying? The AMP Bank 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 when connected to an AMP Bank everyday transaction account like the AMP Bank Access Account.

snapshot
Who is it good for

Savers who want the flexibility to move their cash around and don’t mind doing it digitally, but also don’t want to their interest rate slashed when doing so could find serious value in the AMP Bank Saver Account.

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Any catches

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

Details

Rates and fees information correct as at 3 March 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: 0.85% p.a.
    Balances from $5,000,000: 0.00% p.a.

  • n/a

  • n/a

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

  • none

  • none

  • none

Customer Reviews

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

Overall
7.0/10
Price
7.1/10
Features
6.2/10
Customer service
6.8/10
Convenience
6.7/10
Trust
7.2/10

Latest reviews of AMP Bank Saver Account

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About AMP Bank

AMP is a leading wealth management company operating in Australia and New Zealand, with a rich evolving history spanning 150 years. Its growing banking business in Australia now includes a range of retail products such as home loans, savings accounts and term deposits.

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0.30% p.a. (for $0 to $1,000,000)

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1.05% p.a. (for $1 to $250,000)

0.05% p.a.(for $1 and over)

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0.10% p.a.(for $0 and over)

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0.15% p.a.(for $0 and over)

0.30% p.a. (for $0 to $1,000,000)

Yes up to $250,000

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0.01% p.a.(for $0 to $5,000,000)

0.80% p.a. (for $0 to $250,001)

Yes up to $250,000

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1.10% p.a. (for $0 to $500,000)

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