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.
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.
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.
If you want to open an AMP Bank Business Saver Account, remember that it must link to any everyday transaction account.
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.
$0.00
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Unlimited free transactions from phone, internet.
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$0.00
$0.00
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$0.00
$0.00
Monthly
no
none
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yes
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This product is not currently reviewed.
MyState Bank
Bonus Saver Account
1.20% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
HSBC
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0.90% p.a. (for $0 to $1,000,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Up
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1.10% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
Yes up to $250,000
HSBC
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0.85% p.a. (for $0 to $5,000,000)
0.05% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Citi
Online Saver
1.10% p.a. (for $0 to $500,000)
0.35% p.a.(for $0 and over)
Yes up to $250,000
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
MyState Bank
Bonus Saver Account
1.20% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
HSBC
Serious Saver
0.90% p.a. (for $0 to $1,000,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
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
HSBC
Flexi Saver
0.85% p.a. (for $0 to $5,000,000)
0.05% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Citi
Online Saver
1.10% p.a. (for $0 to $500,000)
0.35% p.a.(for $0 and over)
Yes up to $250,000
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
Suncorp
Everyday Options Sub-account
No Current Offer
0.05% p.a.(for $0 and over)
Yes up to $250,000
MyState Bank
Bonus Saver Account
0.10% p.a.(for $0 and over)
1.20% p.a. (for $0 to $250,000)
Yes up to $250,000
HSBC
Serious Saver
0.05% p.a.(for $0 and over)
0.90% p.a. (for $0 to $1,000,000)
Yes up to $250,000
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
HSBC
Flexi Saver
0.05% p.a.(for $0 to $5,000,000)
0.85% p.a. (for $0 to $5,000,000)
Yes up to $250,000
Citi
Online Saver
0.35% p.a.(for $0 and over)
1.10% p.a. (for $0 to $500,000)
Yes up to $250,000
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
Suncorp
Everyday Options Sub-account
0.05% p.a.(for $0 and over)
No Current Offer
Yes up to $250,000
ANZ
Progress Saver
0.01% p.a.(for $0 and over)
0.50% p.a. (for $0 and over)
Yes up to $250,000
