AMP Saver Account

AMP Saver Account

Maximum Variable Rate


Standard Variable Rate

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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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24 Responses

  1. Default Gravatar
    JustinJanuary 13, 2019

    what is maximum amount that can be transferred from a savings account each day

    • finder Customer Care
      JohnJanuary 14, 2019Staff

      Hi Justin,

      Thank you for reaching out to finder.

      If you are pertaining about the AMP Saver Account, there are no deposit requirements and no limits on withdrawals in order to receive the bonus interest. Hope this helps!


  2. Default Gravatar
    JohnJanuary 4, 2019

    Am I able to open this account in joint names?

    • finder Customer Care
      JhezelynJanuary 5, 2019Staff

      Hi John,

      Thank you for your comment.

      Unfortunately, no. AMP Saver Account is not available for joint application.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


  3. Default Gravatar
    DebbieDecember 20, 2018

    Can I also access my funds using card/PIN or is this account limited to online banking?

    • finder Customer Care
      NikkiDecember 20, 2018Staff

      Hi Debbie,

      Thanks for getting in touch! You can access funds using the given access card and it is not only limited to online banking.
      Hope this helps!


  4. Default Gravatar
    JohnDecember 8, 2018

    Are my interest rates paid monthly?

    • finder Customer Care
      JhezelynDecember 12, 2018Staff

      Hello John,

      Thank you for your comment.

      The interest is calculated on the balance daily and paid into the account monthly.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


  5. Default Gravatar
    JanDecember 3, 2018

    Hi, with the saver account, how will I be able to transfer large amounts, example $500,000 if there is an online limit?

    • finder Customer Care
      JhezelynDecember 3, 2018Staff

      Hello Jan,

      Thank you for your comment.

      Upon checking, the Internet Banking withdrawal limits are up to $25,000 per online registered account per day. But if you would like to transfer a large amount, you would need to get in touch with the bank and they should be able to help you.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


  6. Default Gravatar
    KimberleyOctober 20, 2018

    Can you have a joint AMP Saver account?

    • Default Gravatar
      JoelOctober 20, 2018

      Hi Kim,

      Thanks for leaving a question on finder.

      Unfortunately, AMP Saver account does not accept joint applications. If you are looking to compare joint accounts, please click HERE.

      Please send me a message if you need anything else. :)


  7. Default Gravatar
    EmilyJune 21, 2018

    Does AMP Saver account have any monthly deposit requirements to earn the interest rate of 2.10% and do you still earn interest if you make a withdrawal?

    • finder Customer Care
      JhezelynJune 21, 2018Staff

      Hi Emily,

      Thank you for your comment.

      If you open a new AMP Saver Account and you have not held an AMP Saver Account before, you’ll earn a bonus of 0.45% pa on top of the AMP Saver Account Standard Rate during the Bonus Period. There’s no need to have a monthly deposit and make any withdrawals to earn the bonus interest. The Bonus Period is the first four months from the date your account opened. After the 4-month period, it will revert back to the standard interest rate.


  8. Default Gravatar
    PeterJune 12, 2018

    My money will always find a home with BEST rates. I currently have a little less than $5,000,000 that may need a home on the 01st August, 2018. My problem is that I’ll be in Vancouver Canada. I want to know if I can effect a transfer of this large amount to your institution assuming of course you rates out perform others and is there any form filling- signatures I need to sign in advance should I pull the trigger on a transfer 01st August?

    • finder Customer Care
      JoshuaJune 14, 2018Staff

      Hi Peter,

      Thanks for getting in touch with finder. I hope all is well for you. :)

      Please note that we don’t represent any company we feature on our site and so we can only offer you general advice.

      Regarding your question, yes, you can always open an AMP account and transfer your fund. The introductory rate of this account is 2.55% p.a. for the first 4 months for new customers and it will revert to a standard rate of 2.10% p.a.

      If you want to compare other savings account and their interest rate, please go to this page.

      On that page, you will see a table that allows you to conveniently compare your options. Once you find the right one for you, click on the “Go to site” green button to learn more or initiate your application.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


  9. Default Gravatar
    rogerApril 4, 2018

    can i link account from another bank to the amp saver acc

    • finder Customer Care
      NikkiApril 4, 2018Staff

      Hi Roger!

      Thanks for your message and for visiting finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?

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

      Hope this helps!

      Feel free to message us again should you have further questions.

      Best regards,

  10. Default Gravatar
    JohnNovember 2, 2017

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

    • finder Customer Care
      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.


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