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    AMP Saver Account is changing

    Important update: We're making changes to AMP Saver reward rules from 1 February 2025 For more details, please refer to our FAQ's page.
    AMP Saver Account

    No surprises. No catches. No monthly fees.

    • Unlock your bonus rate

    • No monthly fees

    • Linked to a transaction account

    Apply now
    Start your savings journey
    Savings piggy bank icon

    Save more easily with the option to link to an AMP savings account such as our AMP Saver Account.


    Manage your money your way

    Banking options that suit you - manage your account and card online, through the My AMP app, or by phone banking.

    Learn more
    Key features
    What the product includes
    • Unlock bonus interest when you deposit $1,000 or more a month
    • Easy online access to your money
    • No monthly fees
    What the product doesn’t include
    • Direct debits
    • A Visa debit card, cheque book or Bank@Post access
    • A digital wallet
    • Unrestricted pay anyone amounts
    Rates and eligibility
    Rates and eligibility

    Current rates and fees

    Effective date

    % pa standard rate + % pa Deposit Bonus Interest Rate = % pa total rate1
    This is the ongoing standard variable rate on all balances. This is the ongoing bonus variable rate when you deposit $1,000 in the previous month. Payable on balances up to $250,000. This is the total variable rate which applies to balances up to $250,000, made up of the standard rate and the Deposit Bonus Interest Rate (subject to eligibility).

     

    An added bonus of 0.00% pa

    For existing AMP super, pension or investment account holders

    If you hold an eligible super, pension or investment product, you may also be eligible for an additional Wealth Bonus Variable Interest Rate of 0.00% pa on balances up to $250,000.

    This will be paid on top of your applicable standard and Deposit Bonus Interest Rate, taking your total interest payable to % pa.

    To get the added Wealth Bonus Interest Rate, you must be able to view both your AMP Saver Account and AMP Wealth product together in the same My AMP login.

    For more details, including a list of eligible super, pension or investment products, check out our eligibility info page.

    Phone  13 30 30
     Email info@ampbanking.com.au


    Mon - Fri: 8am – 8pm (AEST)
    Sat & Sun: 9am – 5pm (AEST)

    Family hiking

    How to get your bonus interest rate

    So long as your deposits equal $1,000 or more at the end of each month, you’ll unlock AMP Saver’s highest variable interest rate on balances up to $250,000.

    Open an account

    Get started with AMP Saver Account:

    Deposit

    $1,000 or more into your AMP Saver account in Month 1

    Unlock

    the bonus rate for Month 2

    Get paid

    month 2 interest paid in Month 3

    Frequently asked questions
     


    Eligible customers who deposit $1,000 or more in Month 1 will unlock AMP Saver’s  highest  variable interest rate for Month 2 and be paid bonus interest in Month 3. 

    An example of how it works: 

    Deposit Unlock Get paid
     $1,000 into your AMP Saver account in April  the Deposit Bonus Interest Rate during May on top of your standard rate, with interest calculated daily, on account balance up to $250,000  the interest payment into your account by 10 June

    For more information, refer to the table in the AMP Saver Account Rewards Rules Handbook.
     


    Following a product review, we've decided to reduce the rate to 0.00% p.a, effective 1 December 2023. We're doing this to make our product offering simpler and easier to understand.
     


    To calculate the interest on your AMP Saver Account you can refer to the table in the AMP Saver Account Reward Rules Handbook.
     


    Applying online is easy and will only take you about five minutes to complete it. You'll need a valid form of identification, and your tax file number (if you wish to provide it). Providing this will prevent you from paying unnecessary tax on any interest you might earn.

    The full list for identification can be found at amp.com.au/identification.
     


    There are no ongoing account management fees or transaction fees. There are some fees and charges for special services and transactions that may apply. 

    Read our deposit product fees and charges guide for more information.
     


    There are no ongoing account management fees or transaction fees. There are some fees and charges for special services and transactions that may apply.

    Read our deposit product fees and charges guide for more information.
     


    The AMP Saver Account does not come with a debit card, this is an account designed for a savings purpose. You can link your AMP Saver Account to an everyday transaction account, like an AMP Access Account, which gives you access to a Visa Debit card.
     


    No, you can't but you can hold multiple access accounts and you can transfer money to and from your AMP Saver Account. You can also access all of these accounts in one view when you log into My AMP.
     


    Direct debits can't be set upon your AMP Saver Account. If you'd like to set up a direct debit, you can do so from a linked transaction account like an AMP Access Account.

    You can apply for both accounts at the same time in the online AMP Saver application form.

    Read our Accounts Access and Operating Terms and Conditions for more information.
     


    No, it can only be used as a personal account. We have a dedicated AMP Business Saver Account which can be used for business purposes, with quick access to your savings.
     


    You're protected under the Financial Claims Scheme (FCS). The Australian Government guarantees combined deposits up to $250,000 per customer, in the event a financial institution fails.
     


    You can view and track your savings through My AMP. It is an easy and secure way to do your banking online on either your desktop or through the My AMP app.

    Using My AMP you can access and manage all of your accounts in one place, where and when it suits you.
     

    Learn more about banking with AMP

    • Get the complete picture with My AMP app
    • Choose how you bank
    • Savings calculator
    • Contact us
    Important information

    Credit and deposit products are issued by AMP Bank Limited ABN 15 081 596 009, AFSL and Australian credit licence 234517.

    It’s important to consider your circumstances and read the relevant Product Disclosure Statement or Terms and Conditions before deciding what’s right for you. This information hasn’t taken your circumstances into account. Information including interest rates is subject to change without notice.

    Any application is subject to AMP Bank’s approval. Terms and conditions apply and are available at amp.com.au/bankterms or 13 30 30. Fees and charges may be payable. Full details are available in the Fees and charges guide.

    This information is provided by AMP Bank Limited. Read our Financial Services Guide available at amp.com.au/fsg for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. All information on this website is subject to change without notice.

    AMP Bank is a member of the Australian Banking Association (ABA) and is committed to the standards in the Banking Code of Practice.

    A target market determination for these products is available on our TMD page.

    Footnotes

    1 Up to 5.20% pa ongoing variable rate on balances up to $250,000 and is subject to change without notice. For Accounts opened from 1 April 2021, offer is limited to one account per person. For any portion of the balance over $250,000 and up to $5,000,000 the interest rate reverts to the AMP Saver Account standard rate only. The maximum ongoing balance per customer name is $5,000,000. Terms and conditions apply. Fees and charges are payable. Any application is subject to AMP Bank’s approval. A target market determination for this product is available at www.amp.com.au/bank/tmd.

    * For more information about these awards please visit Mozo Experts Choice Awards, RateCity Gold Awards, Money magazine Best of the Best 2022 Awards and Money magazine 2022 Consumer Finance Awards.