AMP Saver Account

AMP Saver Account

Maximum Variable Rate


Standard Variable Rate


New customers can take advantage of a bonus rate of 0.45% for the first 4 months.

  • Introductory rate of 2.55% p.a. for the first 4 months for new customers
  • Reverting to a standard rate of 2.10% p.a.
  • No minimum opening deposit
  • $0 Account keeping fees

Product details

Sign up for your first AMP Saver Account and for the first four months you’ll get a bonus interest rate on top of the already competitive rate. There are no deposit requirements and no limits on withdrawals in order to receive the bonus interest.

That along with no monthly fees makes this a savings account product that can help you to meet your financial goals quicker.

Product Name
AMP Saver Account
Maximum Variable Rate
2.55% p.a.
Standard Variable Rate
2.10% p.a.
Bonus Variable Rate
0.45% p.a.
Introductory / Bonus Offer Conditions
The bonus rate is applicable for the first 4 months from the date your account is opened. Bonus rate is payable on account balances of up to $5 million per customer.
Monthly Fee
Minimum Opening Deposit
Introductory Interest Period
4 month(s)
Internet Banking
Internet Transaction Fee
Phone Banking
Phone Transaction Fee
Maximum Deposit
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 Saver Account?

Take the time to compare the AMP Saver Account with similar products from other Australian banks. As you do, keep in mind the following features offered by AMP:

Receive a maximum variable interest rate of 2.55% p.a. for the first 4 months

New customers will have a variable bonus rate of 0.45% p.a. applied to their balance along with the standard rate for the first four months after the account has been activated. After the introductory period, the rate will revert to the standard variable interest rate of 2.10% p.a.

Interest calculation and payments

Your interest will be calculated on the balance daily and paid into the account monthly.

No minimum deposit

You are not required to make a minimum deposit when opening this account.

No minimum ongoing balance

There is no minimum balance account in order to earn interest or avoid fees.

No monthly keeping fees

AMP does not charge a monthly account keeping fee for the Saver Account.

Manage your account online

You will need to provide a linked account so that you can move money in and out of your savings either by phone or online. This is considered an online account, where all of your transactions are made through the linked account.

Your linked account

The linked account you provide will have to be an AMP transaction or everyday account.

Account use

This is an account meant solely for personal use. Business owners should consider the AMP Business Saver Account for keeping extra capital in a safe place.

Access to AMP expertise

AMP is a wealth management company that is able to provide expert advice to customers on how best to manage their savings in order to increase personal wealth.

Compare more AMP products

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  • Competitive interest rate
  • Flexible at-call account
  • No monthly fees


  • Reverts to variable rate after introductory growth

How do I apply for the AMP Saver Account?

If after considering all of your savings options you have decided that the AMP Saver Account is right for your saving goals, than you can begin your application online by clicking “Go to Site”.

Eligibility to apply online

You should check the eligibility requirements first in order to ensure that you will qualify for this savings product:

  • Minimum age. This account is only available for individuals aged 18 or older.
  • Residency requirements. You must be an Australian citizen or resident that is able to provide proof of being in Australia when the account is opened.
  • Tax file number. While providing your tax file number (TFN) or exemption code is not mandatory, it will prevent AMP from having to deduct taxes at the highest marginal rate.

Documentation required to apply online

In order to be able to complete the application quickly and correctly you will need to have the following documentation:

  • Identification. AMP is required by law to verify your identity before issuing you an account. This is usually done by using a photo identification document such as a passport or driver’s licence.
  • Account information. Existing AMP customers will have to provide their current account number. You will also have to provide the details of an account that you wish this one to be linked to.

What happens after I've applied online?

If you choose to have AMP send you the forms needed to verify your identity you will need to wait approximately 3 business days for them to be posted. Once AMP has received those details regarding your identity, the account will be activated and details sent to you within 2 business days.

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6 Responses

  1. Default Gravatar
    JohnNovember 2, 2017

    Can I make withdrawals? If I can what is the interest rate impact?

    • Staff
      LouNovember 3, 2017Staff

      Hi John,

      Thanks for your question.

      With AMP Saver Account, you can withdraw your money anytime as it has no limits on withdrawals in order to receive the bonus interest.

      In the first 4 months, you will receive the maximum variable rate of 2.55% p.a. (other eligibility criteria apply) and 2.10% p.a. in the succeeding months even if you make withdrawals.


  2. Default Gravatar
    GarryJuly 2, 2017

    What is the daily transfer limit to another bank using online banking? Does the transfer involve SMS messaging or a token, like a few other banks?

    Many thank.

    • Staff
      DanielleJuly 3, 2017Staff

      Hi Garry,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      According to their terms and conditions, If an external transfer (that is, a transfer to another bank, building society or credit union) to be processed on any particular Business Day is made by:
      a. 4.00pm (Sydney time), and
      b. in respect of instructions received via My AMP, the time specified on our website,
      the transfer will be complete on that Business Day subject to any errors, difficulties or faults in providing the service. If the transfer is completed on a non-Business Day or after 4.00pm (Sydney time) (or the time specified on our website) on a Business Day, the transfer will be completed on the next Business Day, subject to any errors, difficulties or faults in providing the service.
      My AMP is AMP Bank’s online internet banking service that allows you to conduct transactions and make enquiries in a secure way. The AMP app provides access to a Mobile Banking service for payment and funds transfer functions through My AMP. You may refer to directly to their website for additional information.

      I hope this helps.


  3. Default Gravatar
    February 18, 2017

    After the 4 months intro- interest rate and I decide to close my account, will there be:
    - Cancellation/ Closing Account fee
    - Any other fee tied with this account?

    And is there a depository requirement?

    Thank you

    • Staff
      LouFebruary 20, 2017Staff

      Hi Mia,

      Thanks for leaving a question on our page.

      If you decide to close your account after 4 months, you won’t be charged with cancellation or closing account fees.

      The AMP Saver Account has no deposit requirements to receive the bonus interest offer. It also has no monthly keeping fees.


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