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 2.00% p.a. introductory bonus interest rate on balances up to $250,000 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.
Winning a 2020 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 6 months of opening this account, you'll score a solid 2.00% p.a. introductory bonus interest rate on balances up to $250,000 (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.
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 AMP Saver account.
Just keep in mind that the 2.00% p.a. introductory rate will only last for six 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.
Balances from $0: 1.05% p.a.
Balances from $5,000,000: 0.00% p.a.
Balances from $0: 2.00% p.a.
Balances from $250,000: 1.05% p.a.
Balances from $5,000,000: 0.00% p.a.
Bonus rate for the first 6 months from account opening on the first $250,000 deposited. For new Saver customers only.
$0.00
n/a
Unlimited free transactions from mobile app, internet, phone (when linked to transaction account)
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n/a
n/a
n/a
n/a
$0.00
$0.00
n/a
$0.00
$0.00
Monthly
no
none
no
no
no
no
no
yes
yes
no
no
none
none
none
Three days ago (Saturday) I applied online for a business saver account. Yesterday (Monday) mailed by express post application form & certified ID documents (their instruction was to mail them back to a reply paid address (surely they didn't mean for me to mail them back in a plain envelope? Today (Tuesday) I receive an email starting with Hi, (no title, no name, no nothing) asking a question and saying they haven't received my certified ID copies - oh please, should I have flown up and delivered them by hand? Many years I worked for AMP - sad to see this motley email.
Read full reviewThree days ago (Saturday) I applied online for a business saver account. Yesterday (Monday) mailed by express post application form & certified ID documents (their instruction was to mail them back to a reply paid address (surely they didn't mean for me to mail them back in a plain envelope? Today (Tuesday) I receive an email starting with Hi, (no title, no name, no nothing) asking a question and saying they haven't received my certified ID copies - oh please, should I have flown up and delivered them by hand? Many years I worked for AMP - sad to see this motley email.
Opened in mid March 2020 with offer of 2.26% for 4 months, but interest paid in April 2020 was only 2.11%. When queried I was told the rate had dropped to 2.11%. However, in April 2020 AMP upgraded the offer to new customers to be 2.26% again, but this time for 6 months. Terrible treatment of a new customer. Avoid them.
Read full reviewOpened in mid March 2020 with offer of 2.26% for 4 months, but interest paid in April 2020 was only 2.11%. When queried I was told the rate had dropped to 2.11%. However, in April 2020 AMP upgraded the offer to new customers to be 2.26% again, but this time for 6 months. Terrible treatment of a new customer. Avoid them.
I opened 2 x Savings accounts, one for my wife and myself. The bonus 4 months interest rate was up on the 14th March 2020. I contacted them on the 14.03.20 asking to withdraw my money. They informed me that I can’t do that myself only they could transfer it to another bank and it would take 3 business days (earning little interest). So that meant for 3 days I didn’t receive any interest on a considerable amount of money. 4 days had passed still no money transferred back to my regular bank. Contacted them again, they said they tried to ring me which was a lie as we all know mobiles phones show call history. Then they said they tried to email me, again another lie as surprise surprise no email. After demanding my money as it is only earning minimal interest they said it will be another 3 business days. That will make 8 days to withdraw my funds. We are in a pandemic with Coronavirus and I need money to live on. DO NOT MAKE THE MISTAKE I MADE AND BANK WITH AMP.
Read full reviewI opened 2 x Savings accounts, one for my wife and myself. The bonus 4 months interest rate was up on the 14th March 2020. I contacted them on the 14.03.20 asking to withdraw my money. They informed me that I can’t do that myself only they could transfer it to another bank and it would take 3 business days (earning little interest). So that meant for 3 days I didn’t receive any interest on a considerable amount of money. 4 days had passed still no money transferred back to my regular bank. Contacted them again, they said they tried to ring me which was a lie as we all know mobiles phones show call history. Then they said they tried to email me, again another lie as surprise surprise no email. After demanding my money as it is only earning minimal interest they said it will be another 3 business days. That will make 8 days to withdraw my funds. We are in a pandemic with Coronavirus and I need money to live on. DO NOT MAKE THE MISTAKE I MADE AND BANK WITH AMP.
No Osko/instant transfers to everyday account when banks such as NAB/Westpac, etc. have it. Seems odd not to have it in this day and age.
Read full reviewNo Osko/instant transfers to everyday account when banks such as NAB/Westpac, etc. have it. Seems odd not to have it in this day and age.
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 reviewDifferent 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.
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.
Promoted
HSBC
Serious Saver
2.10% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
Yesup to $250,000
Promoted
Rabobank
High Interest Savings Account
2.25% p.a. (for $0 to $250,001)
0.80% p.a.(for $0 to $250,001)
Yesup to $250,000
Promoted
Citi
Online Saver
2.05% p.a. (for $0 to $500,000)
0.35% p.a.(for $0 and over)
Yesup to $250,000
Promoted
Bankwest
Hero Saver
1.25% p.a. (for $0 to $250,000)
0.01% p.a.(for $0 to $5,000,000)
Yesup to $250,000
Promoted
Bank of Queensland
Fast Track Saver Account
1.85% p.a. (for $1 to $250,000)
0.20% p.a.(for $1 and over)
Yesup to $250,000
Promoted
HSBC
Flexi Saver
1.25% p.a. (for $0 to $5,000,000)
0.01% p.a.(for $0 to $5,000,000)
Yesup to $250,000
Promoted
Westpac
Life (18-29 years old)
3.00% p.a. (for $0 to $30,000)
0.40% p.a.(for $0 and over)
Yesup to $250,000
Promoted
HSBC
Serious Saver
2.10% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
Yesup to $250,000
Promoted
Citi
Online Saver
2.05% p.a. (for $0 to $500,000)
0.35% p.a.(for $0 and over)
Yesup to $250,000
Promoted
Bankwest
Hero Saver
1.25% p.a. (for $0 to $250,000)
0.01% p.a.(for $0 to $5,000,000)
Yesup to $250,000
Promoted
Rabobank
High Interest Savings Account
2.25% p.a. (for $0 to $250,001)
0.80% p.a.(for $0 to $250,001)
Yesup to $250,000
Promoted
Heritage Bank
Online Saver
2.20% p.a. (for $1 to $100,000)
0.80% p.a.(for $1 to $250,000)
Yesup to $250,000
Promoted
Bank of Queensland
Fast Track Saver Account
1.85% p.a. (for $1 to $250,000)
0.20% p.a.(for $1 and over)
Yesup to $250,000
Promoted
HSBC
Flexi Saver
1.25% p.a. (for $0 to $5,000,000)
0.01% p.a.(for $0 to $5,000,000)
Yesup to $250,000
Promoted
HSBC
Serious Saver
0% p.a.(for $0 and over)
2.10% p.a. (for $0 to $1,000,000)
Promoted
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
Online Saver
0.35% p.a.(for $0 and over)
2.05% p.a. (for $0 to $500,000)
Promoted
Bankwest
Hero Saver
0.01% p.a.(for $0 to $5,000,000)
1.25% p.a. (for $0 to $250,000)
Promoted
Bank of Queensland
Fast Track Saver Account
0.20% p.a.(for $1 and over)
1.85% p.a. (for $1 to $250,000)
Promoted
HSBC
Flexi Saver
0.01% p.a.(for $0 to $5,000,000)
1.25% p.a. (for $0 to $5,000,000)
Promoted
Westpac
Life (18-29 years old)
0.40% p.a.(for $0 and over)
3.00% p.a. (for $0 to $30,000)
Promoted
Heritage Bank
Online Saver
0.80% p.a.(for $1 to $250,000)
2.20% p.a. (for $1 to $100,000)