AMP Saver Account

1.05% p.a.(for $0 to $5,000,000)

2.26% p.a. (for $0 to $500,000)

AMP Saver Account

1.05% p.a.(for $0 to $5,000,000)

2.26% p.a. (for $0 to $500,000)

Mozo Review   AMP Saver Account Review

Last updated: 7 April 2020.

What's hot:
  • Dual 2020 Mozo Experts Choice Award winner

  • 2.26% p.a. introductory interest rate for 4 months

  • 1.05% p.a. ongoing interest rate

  • No account fees

What's not:
  • No branch or ATM access

Mozo snapshot:

If you’re looking for a simple but savings-savvy place to stash your cash, then the multiple 2020 Mozo Experts Choice Award-winning AMP Saver Account just might do the trick. You’ll be able to take advantage of a competitive 2.26% p.a. introductory bonus interest rate on balances up to $500,000 for the first 6 months of opening the account (for new Saver customers only) and continue to earn a solid 1.05% p.a. standard interest rate after that. Plus, you won't have to worry about paying any pesky ongoing account keeping fees.

Key features:

Winning a 2019 Mozo Experts Choice Award in both the No Strings and Kickstart Savings categories, the AMP Saver Account delivers a no-fuss savings experience helping you get the ball rolling towards making your savings goals a reality.

During the first 4 months of opening this account, you'll score a solid 2.26% p.a. introductory bonus interest rate on balances up to $500,000 (available to new Saver customers only). After 6 months you'll start earning interest at a standard interest rate 1.05% p.a.

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 great 1.05% p.a. standard interest 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 when connected to an AMP everyday transaction account like the AMP Access Account.

Who it's 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 Saver Account. It's also best suited to new customers opening up a new Saver Account, as the bonus offer isn't available if you already have or have had an account.

Any catches?

Just keep in mind that the 2.26% p.a. introductory rate will only last for four months, and if you've got a really big savings stash built up beware, because the bonus rate is only payable on account balances up to $500,000.

Details

Rates and fees information correct as at 8 April 2020. 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: 1.05% p.a.
    Balances from $5,000,000: 0.00% p.a.

  • Balances from $0: 2.26% p.a.
    Balances from $500,000: 0.00% p.a.

  • Bonus rate for the first 6 months from account opening on the first $500,000 deposited. For new Saver customers only.

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 savings accounts rated by the Mozo community?

Overall customer rating
7.2/10
Price
7.0/10
Features
6.2/10
Customer service
7.0/10
Convenience
6.8/10
Trust
7.3/10

Latest reviews of AMP Saver Account

  • Overall 0/10
    Bad.

    Different people telling me different things. They set up a withdrawal limit without my knowledge. When wanting to withdraw all of my funds they definitely did not make it easy, had to jump through so many hoops to get this done. I would not recommend them to anyone.

    Read full review

    Different people telling me different things. They set up a withdrawal limit without my knowledge. When wanting to withdraw all of my funds they definitely did not make it easy, had to jump through so many hoops to get this done. I would not recommend them to anyone.

    Price
    6/10
    Features
    0/10
    Customer service
    1/10
    Convenience
    1/10
    Trust
    2/10
    Less
    Jules, Queensland reviewed 5 months ago
  • Overall 9/10
    Competitive online savings account made easy!

    Easy saving, and you can transfer deposits from another account.

    Read full review

    Easy saving, and you can transfer deposits from another account.

    Price
    8/10
    Features
    7/10
    Customer service
    7/10
    Convenience
    10/10
    Trust
    8/10
    Less
    Karen, Tasmania reviewed 5 months ago
  • Overall 8/10
    Intro rate of 2.75%

    Introductory rate of 2.75% for 4 months is the best deal I could find in the current climate.

    Read full review

    Introductory rate of 2.75% for 4 months is the best deal I could find in the current climate.

    Price
    7/10
    Features
    6/10
    Customer service
    8/10
    Convenience
    -1/10
    Trust
    8/10
    Less
    Dana, South Australia reviewed 6 months ago
  • Overall 6/10
    Great, easy to follow.

    The staff and account are most helpful. The elderly need a simple account that helps them in their banking.

    Read full review

    The staff and account are most helpful. The elderly need a simple account that helps them in their banking.

    Price
    6/10
    Features
    3/10
    Customer service
    7/10
    Convenience
    8/10
    Trust
    7/10
    Less
    Philomena, New South Wales reviewed over 1 year ago
  • Overall 7/10
    Easy bank to work with

    The online banking website needs to be more user friendly, other than that it is easy to bank with them

    Read full review

    The online banking website needs to be more user friendly, other than that it is easy to bank with them

    Price
    7/10
    Features
    5/10
    Customer service
    5/10
    Convenience
    5/10
    Trust
    7/10
    Less
    Michelle, Western Australia reviewed about 4 years ago
AMP

About AMP

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, credit cards, savings and accounts and term deposits. Also AMP's range of vehicle insurances are designed to give you more choice and flexibility while providing cover for a comprehensive range of accidents, damage and events.

See AMP savings accounts

Promoted

AMP

AMP

Saver Account

2.26% p.a. (for $0 to $500,000)

1.05% p.a.(for $0 to $5,000,000)

$0.00

Promoted

MyState Bank

MyState Bank

Bonus Saver Account

2.00% p.a. (for $0 to $250,000)

0.30% p.a.(for $0 and over)

$0.00

Promoted

UBank

UBank

USaver with Ultra Transaction Account

1.85% p.a. (for $0 to $200,000)

0.79% p.a.(for $0 to $5,000,000)

$0.00

Promoted

IMB Bank

IMB Bank

Reward Saver Account

1.75% p.a. (for $5,000 and over)

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

$0.00

Promoted

Suncorp

Suncorp

Growth Saver Account

1.90% p.a. (for $0 and over)

0.20% p.a.(for $0 and over)

$0.00

Promoted

Defence Bank

Defence Bank

iSaver

1.70% p.a. (for $0 to $1,000,000)

0.05% p.a.(for $0 to $1,000,000)

$0.00

Promoted

Macquarie

Macquarie

Savings Account

2.65% p.a. (for $0 to $250,000)

1.35% p.a.(for $0 to $25,000)

$0.00

Promoted

Rabobank

Rabobank

High Interest Savings Account

2.25% p.a. (for $0 to $250,001)

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

$0.00

Promoted

AMP

AMP

Saver Account

2.26% p.a. (for $0 to $500,000)

1.05% p.a.(for $0 to $5,000,000)

$0.00

Promoted

MyState Bank

MyState Bank

Bonus Saver Account

2.00% p.a. (for $0 to $250,000)

0.30% p.a.(for $0 and over)

$0.00

Promoted

Bank of Queensland

Bank of Queensland

Fast Track Saver Account

2.00% p.a. (for $1 to $250,000)

0.20% p.a.(for $1 and over)

$0.00

Promoted

UBank

UBank

USaver with Ultra Transaction Account

1.85% p.a. (for $0 to $200,000)

0.79% p.a.(for $0 to $5,000,000)

$0.00

Promoted

Suncorp

Suncorp

Growth Saver Account

1.90% p.a. (for $0 and over)

0.20% p.a.(for $0 and over)

$0.00

Promoted

Citi

Citi

Online Saver

2.05% p.a. (for $0 to $500,000)

0.35% p.a.(for $0 and over)

$0.00

Promoted

IMB Bank

IMB Bank

Reward Saver Account

1.75% p.a. (for $5,000 and over)

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

$0.00

Promoted

Macquarie

Macquarie

Savings Account

2.65% p.a. (for $0 to $250,000)

1.35% p.a.(for $0 to $25,000)

$0.00

Promoted

MyState Bank

MyState Bank

Bonus Saver Account

0.30% p.a.(for $0 and over)

2.00% p.a. (for $0 to $250,000)

Promoted

UBank

UBank

USaver with Ultra Transaction Account

0.79% p.a.(for $0 to $5,000,000)

1.85% p.a. (for $0 to $200,000)

Promoted

IMB Bank

IMB Bank

Reward Saver Account

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

1.75% p.a. (for $5,000 and over)

Promoted

Suncorp

Suncorp

Growth Saver Account

0.20% p.a.(for $0 and over)

1.90% p.a. (for $0 and over)

Promoted

Defence Bank

Defence Bank

iSaver

0.05% p.a.(for $0 to $1,000,000)

1.70% p.a. (for $0 to $1,000,000)

Promoted

Rabobank

Rabobank

High Interest Savings Account

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

2.25% p.a. (for $0 to $250,001)

Promoted

Citi

Citi

Online Saver

0.35% p.a.(for $0 and over)

2.05% p.a. (for $0 to $500,000)

Promoted

Bank of Queensland

Bank of Queensland

Fast Track Saver Account

0.20% p.a.(for $1 and over)

2.00% p.a. (for $1 to $250,000)