AMP SuperEdge Cash Account

Manage your SMSF with ease in an interest earning account that grants you free unlimited access when you need it.

The SuperEdge Cash Account from AMP gives your self-managed super fund (SMSF) an interest earning edge that you don’t get with just any savings account. This is a high interest savings account designed to help you with managing your SMSF using multiple access methods at no cost to you.

No reviews yet. Write a review

Shirley Liu

Last Updated Dec 30, 2020

0.1% p.a.

Maximum variable rate

0.1%p.a.

Base interest rate

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Product Name	AMP SuperEdge Cash Account
Maximum Variable Rate	0.1% p.a.
Standard Variable Rate	0.10%
Monthly Account Fee	$0
Minimum Opening Deposit	$0

Pros

No monthly account management fees
At-call access
Access to BankNet and BankPhone

Cons

Only available for SMSFs

Shirley Liu

twitter linkedin

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Key features

Monthly account keeping fees

AMP does not charge any monthly account management fees for SuperEdge Cash Account.

Interest rates

Your balance grows with a variable competitive interest rate.

Interest calculation

Interest is calculated on your balance every day and the payment due paid into the account each month. This allows you to earn even more with compound interest.

Accessing your money

You can make transfers at any time using AMP's BankPhone and BankNet services. This includes unlimited free; periodical payments, Pay Anyone transactions, transaction listings, BPAY, internal transfers to AMP bank accounts and account balance enquiries.

Visa debit card

For cash access your account will be linked to a Visa debit card.

How to apply

Eligibility

In order to apply for the AMP SuperEdge Cash Account you can either call and speak with a representative of the financial institution or visit their website and download an application form that will then be sent to them. Before getting started check to make sure that you are able to meet the eligibility requirements:

Minimum age. There are no minimum age requirements set forth by AMP for the SuperEdge Cash Account, but you do need to be an authorized signatory of a registered SMSF in order to qualify to apply.
Residency requirements. Only Australian residents are allowed to open the SuperEdge Cash Account.

Depository requirements. No minimum opening balance is asked for in order to activate this account.

Documentation needed

As you work your way through the application, you will find it helpful to have the following documentation nearby:

Tax file number. It is not obligatory to provide you tax file number (TFN) or TFN exemption code. This is used by AMP to calculate the correct withholding tax rate to apply to your interest earnings. If not given, they are required to withhold tax at the highest marginal rate.
Identification. A passport, Medicare card or driver's licence contains the information needed to confirm your identity. If you are new to AMP you may need to complete this step at a participating Bank@Post office.
SMSF information. As this account is only available for an SMSF, you will need to be able to provide information that is relevant.

What happens after I submit my application?

After signing and submitting your application, it will be reviewed and if necessary additional identification documents will be mailed to you within three days. Once that is returned to AMP, your new account will be available to use in the next two business days.

Ask an expert

To ask a question simply log in via your email or create an account.

Click here to cancel reply.

Display Name

Your Email (will not be published)

Your Question

Subscribe me to Finder’s free weekly newsletter for budgeting tools, timely news and savings essentials to take control of your finances

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

Ask a question

2 Comments

Mehul
September 10, 2021

How can I use $0.00 monthly bank fees !! Also best rates in SMSF??? Investment returns?
Thanks

finder Customer Care

Alison
September 10, 2021

Hi Mehul,

The AMP SuperEdge Cash Account can be used as a cash hub for your SMSF money when it’s not invested. This account has not monthly fees.

In terms of SMSF investment returns, this entirely depends on the SMSF investment strategy and will be different for each SMSF.

Our hub page on SMSFs has lots of information on how SMSFs work, how to set one up and how to invest with an SMSF: https://www.finder.com.au/self-managed-super-funds

I hope this helps.

Thanks,
Alison

Banking

Investments

Banks

AMP SuperEdge Cash Account