AMP Saver Account
AMP Saver Account
Mozo Review AMP Saver Account Review
Last updated: 27 March 2020.
What's hot:
Dual 2020 Mozo Experts Choice Award winner
2.65% 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 2.65% 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 2.65% 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 2.65% 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 5 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: 2.65% 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?
Latest reviews of AMP Saver Account
-
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 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.
Price6/10Features0/10Customer service1/10Convenience1/10LessTrust2/10 -
Competitive online savings account made easy!
Easy saving, and you can transfer deposits from another account.
Read full reviewEasy saving, and you can transfer deposits from another account.
Price8/10Features7/10Customer service7/10Convenience10/10LessTrust8/10 -
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 reviewIntroductory rate of 2.75% for 4 months is the best deal I could find in the current climate.
Price7/10Features6/10Customer service8/10Convenience-1/10LessTrust8/10 -
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 reviewThe staff and account are most helpful. The elderly need a simple account that helps them in their banking.
Price6/10Features3/10Customer service7/10Convenience8/10LessTrust7/10 -
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 reviewThe online banking website needs to be more user friendly, other than that it is easy to bank with them
Price7/10Features5/10Customer service5/10Convenience5/10LessTrust7/10
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.
Promoted
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
Bonus Saver Account
2.00% p.a. (for $0 to $250,000)
0.30% p.a.(for $0 and over)
$0.00
Promoted
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
Growth Saver Account
1.90% p.a. (for $0 and over)
0.20% p.a.(for $0 and over)
$0.00
Promoted
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
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
Heritage Bank
Online Saver
2.20% p.a. (for $1 to $100,000)
0.80% p.a.(for $1 to $250,000)
$0.00
Promoted
HSBC
Serious Saver
1.85% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
$0.00
Promoted
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
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
Fast Track Saver Account
2.00% p.a. (for $1 to $250,000)
0.20% p.a.(for $1 and over)
$0.00
Promoted
Suncorp
Growth Saver Account
1.90% p.a. (for $0 and over)
0.20% p.a.(for $0 and over)
$0.00
Promoted
IMB Bank
Reward Saver Account
1.75% p.a. (for $5,000 and over)
0% p.a.(for $0 and over)
$0.00
Promoted
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
Heritage Bank
Online Saver
2.20% p.a. (for $1 to $100,000)
0.80% p.a.(for $1 to $250,000)
$0.00
Promoted
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
MyState Bank
Bonus Saver Account
0.30% p.a.(for $0 and over)
2.00% p.a. (for $0 to $250,000)
Promoted
IMB Bank
Reward Saver Account
0% p.a.(for $0 and over)
1.75% p.a. (for $5,000 and over)
Promoted
Suncorp
Growth Saver Account
0.20% p.a.(for $0 and over)
1.90% p.a. (for $0 and over)
Promoted
Bank of Queensland
Fast Track Saver Account
0.20% p.a.(for $1 and over)
2.00% p.a. (for $1 to $250,000)
Promoted
Defence Bank
iSaver
0.05% p.a.(for $0 to $1,000,000)
1.70% p.a. (for $0 to $1,000,000)
Promoted
Heritage Bank
Online Saver
0.80% p.a.(for $1 to $250,000)
2.20% p.a. (for $1 to $100,000)
Promoted
HSBC
Serious Saver
0% p.a.(for $0 and over)
1.85% p.a. (for $0 to $1,000,000)
Promoted
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)
