AMP Business Saver Account

AMP Business Saver Account

Maximum Variable Rate


Standard Variable Rate


With the AMP Bank Business Saver Account, Australian business owners have flexible access to their money with no monthly fees.

  • Earn up to 2.10% p.a. for 6 months
  • No minimum deposit required
  • No monthly fees

Product details

It's important to have flexibility in a savings account to manage your business cash flow. AMP provides this with its Business Saver Account with fast internet or phone transfers without any fees. There's no monthly minimum balance requirements, and your funds will also earn interest.. The interest rate of 2.10% p.a. is available to new customers for the first 6 months.


You are getting the benefit of a high interest savings account combined with the ease and access of a transaction account.

Product Name
AMP Business Saver Account
Maximum Variable Rate
2.10% p.a.
Standard Variable Rate
1.30% p.a.
Bonus Variable Rate
0.80% p.a.
Monthly Fee
Minimum Opening Deposit
Minimum monthly deposit for bonus interest rate
Introductory Interest Period
6 month(s)
Internet Banking
Internet Transaction Fee
Phone Banking
Phone Transaction Fee
Joint application?
Minimum Age Requirement
Covered by Government Guarantee?
Yes (Up to $250,000 per person, per institution)

What are the features of the AMP Business Saver Account?

When you are considering the right savings account product for your business, you should be looking closely at the following features. This account is for business owners or sole traders, so if that's not you, take a look at the range of other accounts offered by AMP instead.

Earn 2.10% p.a. for 6 months.

New customers can earn an introductory bonus rate of 2.10% p.a. for 6 months, reverting to the standard ongoing rate of 1.30% after this. The introductory rate is only available to new customers who haven't held an AMP Business Saver account in their name in the last two years.

Interest calculated daily.

Interest is calculated daily and paid into the account monthly.

No monthly fees.

There are no monthly fees with this account.

Easy access to your money.

You can access your funds around the clock using phone or internet banking.

No minimum deposit.

There is no minimum opening balance requirement.

Linked to any account.

Access your funds via a linked everyday transaction account either with AMP or a different provider, as long as both accounts are under the same name.

Business use only.

This account is for business use only and can be used by a sole trader, partnership, company or trust (excluding SMSFs). For personal bank accounts offered by AMP, take a look here.


  • $0 monthly maintenance fee
  • Access your money through phone and internet banking
  • Earn up to 2.10% p.a. for 6


  • Linked everyday transaction account required either with AMP or a different provider.

How do I apply for the AMP Bank Business Saver Account?

If you think that AMP’s Business Saver Account works with your business structure and needs, you can easily apply online. First check to make sure that you are eligible for this account, and have the necessary documents handy.


  • Use of account. This account is for business owners, sole traders, partnerships or trusts (excluding SMSFs).
  • Residency requirements. The business that this account is associated with must be registered in Australia.
  • Depository requirements. There is no minimum deposit needed to open the account.

Documentation needed:

  • Tax File Number. This will be necessary in order to ensure that the correct Australian tax amount is being deducted from any interest earnings.
  • Identification. You will need to verify your identity with a driver’s licence or passport. This will also be required of any additional or joint applicants.
  • Business number. You may have to provide a copy of your Australian Business Number (ABN) as well as a copy of your business's search results from the ASIC database or a search of the relevant financial market.
  • Linked account. You'll need to provide the details of your linked transaction account.


What happens next?

Once your application is received, AMP will verify the information provided before issuing you the details of your new savings account. This shouldn't take any more than five business days.


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6 Responses

  1. Default Gravatar
    DellparkMarch 9, 2018

    How do I “easily apply online”? There doesn’t seem to be a link to an application form or page.

    • Avatarfinder Customer Care
      JhezMarch 28, 2018Staff

      Hi Dellpark,

      Thank you for your comment.

      Since our page does not indicate the link to apply for the AMP Bank Business Saver Account, we encourage you to please apply through their website directly. Search for AMP Business Saver Account and click apply online now. Please make sure that you’ve met the eligibility requirements before submitting an application.


  2. Default Gravatar
    KaylaAugust 20, 2017

    Can the accounts link to xero accounting program?

    • Default Gravatar
      ArnoldAugust 20, 2017

      Hi Kayla,

      Thanks for your inquiry.

      This account can be accessed via a linked account everyday transaction account either with AMP or another provider, as long as both accounts are under the same name.

      Hope this information helped.


  3. Default Gravatar
    patFebruary 16, 2016

    i want to speak to a person re my business banking new account

    • Avatarfinder Customer Care
      ShirleyFebruary 18, 2016Staff

      Hi Pat,

      Thanks for your question.

      AMP is available on 133 888 – is a third comparison service and has no access to your personal information.

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