AMP Bett3r Account

AMP Bett3r Account

Maximum Variable Rate


Standard Variable Rate


The Bett3r Account sets money aside to help you manage your bills and reach your savings goals sooner.

  • Earn up to 3.00% p.a. interest each month you deposit $2,000 in the linked Pay account
  • Set savings goals and track your progress.
  • Linked Spend and Pay accounts help you manage your budget and pay bills on time

Product details

AMP’s Bett3r Account is a unique 3-account bundle linking individual Pay, Spend and Save accounts. You can read about the linked Pay account in our separate review. Having the three accounts linked helps you manage your budget, pay your bills on time and save for your goals.

The AMP Bett3r account allows you to set personal savings goals, make automatic payments towards these goals and track your progress. Your balance will earn a competitive interest rate of up to 3.00% p.a. when you deposit $2,000 into the linked Pay account each month, helping you to reach your goals sooner.

You’ll automatically be set up with Pay, Spend and Save accounts when you apply for the AMP Bett3r Account, so there’s no need to apply for them separately. Money that doesn’t go towards your Pay or Save account will go to your Spend account, for everyday transactions.

Product Name
AMP Bett3r Account - Save Account
Maximum Variable Rate
3.00% p.a.
Standard Variable Rate
1.50% p.a.
Bonus Variable Rate
1.50% p.a.
Monthly Fee
Minimum Opening Deposit
Minimum monthly deposit for bonus interest rate
Internet Banking
Internet Transaction Fee
Phone Banking
Phone Transaction Fee
Maximum Deposit
Minimum Age Requirement


The AMP Bett3r Save account comes with the following features.

Maximum interest rate of 3.00% p.a.

The AMP Bett3r Account has a variable interest rate of 1.50% p.a. and a bonus rate of 1.50% p.a., meaning your balance can earn a maximum rate of 3.00% p.a. To achieve the bonus rate on your Save account, make sure you deposit $2,000 into the linked Pay account each month. Bonus interest is available on deposits up to $100,000, and anything over this will earn the standard variable rate.

No monthly account-keeping fee

There is no monthly account-keeping fee for the Save account, so every dollar goes towards meeting your savings goals.

Set savings goals

Set up personal savings goals, whether you’re saving for a car, a holiday or simply for a rainy day, and the Save account will help you meet them. It will automatically take money from your Pay account to help meet your savings goals, and you can track your progress.

Linked Pay account

This account is part of the AMP Bett3r Account bundle, which includes a linked Pay account where your income will be deposited. The Pay account automatically sets aside the money you need for upcoming bills, so you never have to miss a bill again.

Linked Spend account

This account also comes with a linked Spend account, which is similar to an everyday transaction account. Money that does not go to your Pay account or Save account goes to your Spend account.

Direct debit available

Direct debit available between your linked Pay, Spend and Save accounts.

Mobile app available

You can access this account via the AMP mobile banking app on iPhones or Android devices.

Unlimited transactions

Unlimited free mobile and Internet banking available.


  • Earn up to 3.00% p.a. interest on your balance.
  • Set savings goals and track your progress.
  • Linked Spend and Pay accounts.


  • Must deposit $2,000 monthly to achieve bonus interest rate.
  • No linked debit card.

How to apply

If you think this account is right for you, click the “Go to Site” button above and you can then apply online in less than 10 minutes. When applying for the AMP Bett3r Account, you’ll receive linked Pay, Spend and Save accounts all at once.


  • Minimum age. You must be over 18 years old to apply for this account.
  • Residency. To apply, you must have an Australian residential address.

Documentation needed

  • Identification. You must be able to verify your identity with either a driver’s licence, passport or proof-of-age card.
  • Tax file number. AMP will be required to deduct tax from your savings at the top marginal rate if you do not provide your tax file number (TFN).
  • Personal details. You’ll need to supply your personal details including your full name and contact details.
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6 Responses

  1. Default Gravatar
    JimFebruary 1, 2018

    Hi FInder, is the bonus interest rate only applicable to $100,000 of the total amount that you have in the Better Saver account? Thanks

    • Staff
      JhezelynFebruary 3, 2018Staff

      Hi Jim,

      Thank you for your comment.

      According to AMP website, yes, the bonus interest rate is available on balances up to $100,000.

      Additionally, you’ll need to deposit at least $2,000 into your Pay account each calendar month from an external source that is not another AMP account to be eligible for the bonus interest rate. This is on top of the standard interest for the account.


  2. Default Gravatar
    AlenJanuary 17, 2018

    Regarding the bonus rate. As long as there is a minimum of $2000 being transferred into the monthly, will the maximum variable rate stay at 3%?

    • Staff
      RenchJanuary 18, 2018Staff

      Hi Alen,

      Thanks for your inquiry. Please note that we are not affiliated with AMP or any company we feature on our site and so we can only offer you general advice.

      Yes, the Bett3r Save account has a variable interest rate of 1.50% p.a. and a bonus rate of 1.50% p.a., meaning your balance can earn a maximum rate of 3.00% p.a. To achieve the bonus rate, make sure you deposit $2,000 into the linked Pay account each month.

      Best regards,

  3. Default Gravatar
    RoshDecember 1, 2017

    We are starting to use the AMP Bett3r Accounts, however I just wanted to know how the Spend account works. Do funds need to be transferred into it? does a set amount need to be entered that is required? or is it automatically calculated?

    • Staff
      MayDecember 1, 2017Staff

      Hi Rosh,

      Thank you for your inquiry.

      The Spend Account is similar to an everyday transaction account. You can transfer (manually) the money in Save account to Pay or Spend and access it from there. Also, if there are funds that are not held in your Pay account (for bills) or in your Save account (for your savings goals) will be sent to your Spend account. By choosing to skip a bill or remove a bill, the funds will be automatically sent from your Pay account to your Spend account. You can do this if you need extra funds in your Spend account.

      Hope this helps.


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