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AMP Bank Business Saver Account

Advertiser disclosure
Interest rate
0.50% p.a.(for $0 and over)
Maximum rate
0.75% p.a. (for $0 to $1,000,000)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review AMP Bank Business Saver Account - last updated: 18 October 2021

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What's hot
  • No ongoing account fees
  • 0.50% p.a. ongoing variable rate
  • 6 month bonus rate of 0.75% p.a. for new eligible customers
What's not
  • Must link to a transaction account
Mozo snapshot

If you’ve got big dreams for your business, then you’ll need a savings account to match. The AMP Bank Business Saver Account features an ongoing variable 0.50% p.a. interest rate and no account fees, helping your business grow over time. There’s unlimited transactions available via phone or mobile, as well as the option to make unlimited deposits and withdrawals from the account. What's more, new eligible customers can receive a bonus rate of 0.75% p.a. for the first 6 months on balances up to $1 million.

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Key features

One big thing you’ll need for your business savings account is flexibility, and that’s where the AMP Bank Business Saver Account comes in. With this account you’ll earn the variable rate of 0.50% p.a. on an ongoing basis and you won’t ever have to pay a monthly account fee. New eligible customers will also be looking at a bonus rate of 0.75% p.a. for the first 6 months, payable on account balances of up to $1 million.

There’s also the freedom to make as many deposits and withdrawals as you like, plus you’ll be able to make unlimited transactions regardless of whether you prefer to do your banking over the phone or online.

Another feature to bear in mind with the AMP Bank Business Saver Account is that while it must link to a transaction account, the account can be from another provider. However, if you do plan on opening and linking the AMP Bank Access Account to your savings account, you will receive Visa debit card access.

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Who is it good for

The AMP Bank Business Saver Account is a great option for business owners who still want to earn a decent rate on their savings while making multiple transactions.

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Any catches

If you want to open an AMP Bank Business Saver Account, remember that it must link to any everyday transaction account.

Details

Rates and fees information correct as at 29 October 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: 0.50% p.a.

Balances from $0: 0.75% p.a.
Balances from $1,000,000: 0.50% p.a.

6 month Bonus Rate for new eligible customers

Fees

$0.00

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Unlimited free transactions from phone, internet.

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$0.00

$0.00

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Other financial bits

$0.00

$0.00

Monthly

Features

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