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AMP Business Saver Account

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

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 1.05% p.a. is available to new customers for the first 6 months.

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Alison Banney
Last Updated

1.05% p.a.

Maximum variable rate

0.5%p.a.

Base interest rate

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Details

Product NameAMP Business Saver Account
Maximum Variable Rate1.05% p.a.
Standard Variable Rate0.50% p.a.
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

Review by

Alison Banney is the banking and investments editor at Finder. She has written about finance for more than 8 years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

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

Key features

Earn 1.05% p.a. for 6 months

New customers can earn an introductory bonus rate of 1.05% p.a. for 6 months, reverting to the standard ongoing rate of 0.5% p.a. after this. The introductory rate is only available to new customers.

Interest calculated daily

Interest is calculated daily and paid into the account monthly.

How to apply

Eligibility

  • 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.

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8 Comments

    Default Gravatar
    Scott
    November 26, 2021

    Can a not-for-profit association create on of these accounts?

    Reply
      Avatarfinder Customer Care
      Alison
      December 3, 2021

      Hi Scott,

      Yes, non-profit associations, such as charities can open an AMP Bank Business Saver account. The following are eligible:
      -Companies or organisations (excluding financial institutions)
      -Non-SMSF trusts
      -Government entities
      -Charities
      -Sole traders or partnerships

      If you’re an Australian company or unregulated trust, you can apply online, and it will take 10-20 minutes to complete. Other entities should download and complete the appropriate application form. You can also talk to a financial adviser to see what kind of saving strategy works best for your business.

      I hope this helps,
      Alison

      Reply
    Default Gravatar
    Dellpark
    March 9, 2018

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

    Reply
      Avatarfinder Customer Care
      Jhez
      March 28, 2018

      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.

      Regards,
      Jhezelyn

      Reply
    Default Gravatar
    Kayla
    August 20, 2017

    Can the accounts link to xero accounting program?

    Reply
      Default Gravatar
      Arnold
      August 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.

      Cheers,
      Arnold

      Reply
    Default Gravatar
    pat
    February 16, 2016

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

    Reply
      Avatarfinder Customer Care
      Shirley
      February 18, 2016

      Hi Pat,

      Thanks for your question.

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

      Reply
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