AMP Saver Account

1.40% p.a.(for $0 to $5,000,000)

2.36% p.a. (for $0 to $250,000)

AMP Saver Account

1.40% p.a.(for $0 to $5,000,000)

2.36% p.a. (for $0 to $250,000)

Mozo Review   AMP Saver Account Review

Last updated: 16 October 2019.

What's hot:
  • Dual 2019 Mozo Experts Choice Award winner

  • 2.36% p.a. introductory interest rate for 4 months

  • 1.40% 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, 2019 Mozo Experts Choice Award winning AMP Saver Account could do just the trick. You’ll be able to take advantage of a competitive 2.36% introductory interest rate during your initial four months and continue to earn a healthy 1.40% thereafter, plus you’ll never have to worry about paying a cent in annoying account keeping fees.

Key features:

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

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.

Unlike other savings accounts, there is no minimum monthly deposit requirements so if you’re unable to add to your savings stash for a month or two (or six), no need to panic, you’ll still earn a great 1.40% return on your money. 

Who it's good for:

Savers who might need to move their cash around, don’t mind doing that digitally, but don’t want to have their interest rate slashed when doing so could find serious value in the AMP Saver Account. It's also best suited to people opening up a new Saver Account, since the bonus offer isn't available if you already have or have had an account.

Any catches?

Just keep in mind that the 2.36% 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 $250,000.

Details

Rates and fees information correct as at 5 December 2019. 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: 1.40% p.a.
    Balances from $5,000,000: 0.00% p.a.

  • Balances from $0: 2.36% p.a.
    Balances from $250,000: 0.00% p.a.

  • Bonus rate for the first 4 months from account opening on the first $250,000 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...

    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

    Jules | Queensland

    reviewed 15 days ago

  • Overall
    9/10
    Competitive online savings account made easy!

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

    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

    Karen | Tasmania

    reviewed about 1 month 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.

    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

    Dana | South Australia

    reviewed about 1 month 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...

    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

    Philomena | New South Wales

    reviewed about 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...

    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

    Michelle | Western Australia

    reviewed almost 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.

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