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AMP Bank Business Saver Account

Advertiser disclosure
Interest rate
0.50% p.a.(for $0 and over)
Maximum rate
0.80% 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: 16 November 2020.

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What's hot
  • Double 2020 Mozo Experts Choice Award winner
  • 2020 Small Business Savings Bank of The Year
  • 0.80% bonus rate for 6 months
  • No account fees
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% interest rate, and extra 0.30% bonus rate for 6 months, starting the first day of the month following account opening 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.

Best of all, the Business Saver Account took out two 2020 Mozo Experts Choice Awards in the Small Business Kick Start Savings and Small Business No Strings Savings categories.

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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 0.80% in interest on all the dollars you save for 6 months, followed by 0.50% p.a. on an ongoing basis afterwards. And you won’t ever have to pay a monthly account fee.

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 1 December 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: 0.50% p.a.

  • Balances from $0: 0.80% p.a.
    Balances from $1,000,000: 0.50% p.a.

  • Bonus rate for 6 months, starting the first day of the month following account opening.

Fees
  • $0.00

  • n/a

  • Unlimited free transactions from phone, internet.

  • 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

Customer Reviews

This product is not currently reviewed.

AMP Bank
MyState Bank

MyState Bank

Bonus Saver Account

1.35% p.a. (for $0 to $250,000)

0.15% p.a.(for $0 and over)

Yes up to $250,000

Bankwest

Bankwest

Hero Saver

0.90% p.a. (for $0 to $250,001)

0.01% p.a.(for $0 to $5,000,000)

Yes up to $250,000

Bank of Queensland

Bank of Queensland

Fast Track Starter Account

3.00% p.a. (for $1 to $10,000)

0.05% p.a.(for $1 and over)

Yes up to $250,000

Up

Up

Saver Account

1.10% p.a. (for $0 to $1,000,000)

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

Yes up to $250,000

Bank of Queensland

Bank of Queensland

Fast Track Saver Account

1.05% p.a. (for $1 to $250,000)

0.05% p.a.(for $1 and over)

Yes up to $250,000

Citi

Citi

Online Saver

0.85% p.a. (for $0 to $500,000)

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

Yes up to $250,000

MyState Bank

MyState Bank

Bonus Saver Account

1.35% p.a. (for $0 to $250,000)

0.15% p.a.(for $0 and over)

Yes up to $250,000

Bankwest

Bankwest

Hero Saver

0.90% p.a. (for $0 to $250,001)

0.01% p.a.(for $0 to $5,000,000)

Yes up to $250,000

Up

Up

Saver Account

1.10% p.a. (for $0 to $1,000,000)

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

Yes up to $250,000

Bank of Queensland

Bank of Queensland

Fast Track Saver Account

1.05% p.a. (for $1 to $250,000)

0.05% p.a.(for $1 and over)

Yes up to $250,000

Citi

Citi

Online Saver

0.85% p.a. (for $0 to $500,000)

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

Yes up to $250,000

Bank of Queensland

Bank of Queensland

Fast Track Starter Account

3.00% p.a. (for $1 to $10,000)

0.05% p.a.(for $1 and over)

Yes up to $250,000

MyState Bank

MyState Bank

Bonus Saver Account

0.15% p.a.(for $0 and over)

1.35% p.a. (for $0 to $250,000)

Yes up to $250,000

Bankwest

Bankwest

Hero Saver

0.01% p.a.(for $0 to $5,000,000)

0.90% p.a. (for $0 to $250,001)

Yes up to $250,000

Up

Up

Saver Account

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

1.10% p.a. (for $0 to $1,000,000)

Yes up to $250,000

Bank of Queensland

Bank of Queensland

Fast Track Saver Account

0.05% p.a.(for $1 and over)

1.05% p.a. (for $1 to $250,000)

Yes up to $250,000

Citi

Citi

Online Saver

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

0.85% p.a. (for $0 to $500,000)

Yes up to $250,000

Bank of Queensland

Bank of Queensland

Fast Track Starter Account

0.05% p.a.(for $1 and over)

3.00% p.a. (for $1 to $10,000)

Yes up to $250,000

ANZ

ANZ

Progress Saver

0.01% p.a.(for $0 and over)

0.50% p.a. (for $0 and over)

Yes up to $250,000

Newcastle Permanent

Newcastle Permanent

Smart Saver

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

1.55% p.a. (for $0 and over)

Yes up to $250,000