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 2.25% 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.
The AMP Bett3r Save account comes with the following features.
Maximum interest rate of 2.25% p.a.
The AMP Bett3r Account has a variable interest rate of 1.50% p.a. and a bonus rate of 0.75% p.a., meaning your balance can earn a maximum rate of 2.25% p.a. To achieve the bonus rate on your Save account, make sure you deposit $2,000 into the linked Pay account each month from a source that is not another AMP Bank account (such as your pay). 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 as long as you either have a Bett3r Offset account or you deposit at least $2,000 into your Pay account each month from a source other than one of your AMP accounts. If not, you'll be charged a $5 monthly account keeping fee.
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 free mobile and Internet banking available.
- Earn up to 2.25% p.a. interest on your balance.
- Set savings goals and track your progress.
- Linked Spend and Pay accounts.
- Must deposit $2,000 monthly from a source that is not another AMP Bank account 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.
- 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.