AMP Bank

AMP savings and bank accounts

AMP offers a range of different bank accounts, including a unique three-in-one pay, spend and save bundled account.

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!

Promoted
Savings account offer
Savings account offer
Promoted
1.16 % p.a.
max rate
0.01 % p.a.
standard variable rate
  • Maximum rate: 1.16% p.a.
  • Standard variable rate: 0.01% p.a.
  • Monthly fees: $0

AMP Saver Account

Earn an ongoing variable 1.16% p.a. when you deposit at least $250 a month, with no monthly spend requirements to meet. Available on balances up to .

AMP savings accounts, bank accounts and term deposits.

Name Product Card access ATM Withdrawal Fee Fee Free Transactions p.m. Monthly account fee
AMP Bett3r Account
Visa
$0
$0
Earn 0.1% interest. Manage your budget effectively with a bundle of accounts.
$0 waivable monthly account fee.
Earn 0.1% interest on your balance. Monthly account fee waived if you deposit at least $2,000 a month from a source that is not another AMP bank account. Reach your savings goals with a bundle of linked Pay, Spend and Save accounts.
AMP Access Account
Visa
$0
$0
An everyday transaction account with fee-free banking.
AMP Offset Deposit Account
Visa
$0
$6
You could save thousands of your AMP home loan with an offset account.
loading

Compare up to 4 providers

Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees
AMP Saver Account
1.16%
0.01%
1.15%
$0
Earn an ongoing variable 1.16% p.a. when you deposit at least $250 a month, with no monthly spend requirements to meet. Available on balances up to $250,000.
AMP Business Saver Account
0.75%
0.5%
0.25%
$0
New customers can earn an introductory rate of 0.75% p.a. for 6 months, reverting to an ongoing variable rate of 0.5% p.a. Earn interest on your business funds.
AMP Notice Account
0.55%
0.55%
0%
$0
Ongoing, variable 0.55% p.a. when you link to a AMP Bank Deposit Account. Available on balances up to $10,000,000.
AMP Cash Manager
0.1%
0.1%
0%
$6
Ongoing, variable 0.1% p.a. available on your entire balance. The $6 account keeping fee is waived when you deposit $2,000 each month.
AMP SuperEdge Pension Account
0.1%
0.1%
0%
$6
Ongoing, variable 0.1% p.a. when you link to an AMP SuperEdge Cash Account and deposit $2,000+ each month. Available on the entire balance.
AMP Bett3r Account - Save Account
0.75%
0.1%
0.65%
$0
Earn a competitive, ongoing rate of up to 0.75% p.a. and set personal savings goals. Receive linked Pay and Spend accounts to help manage your money effortlessly.
loading

Compare up to 4 providers

Name Product 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
AMP Term Deposit $5000+
0.65%
0.65%
0.80%
0.80%
0.80%
0.95%
0.95%
Lock your money with AMP Bank Term Deposit Account and enjoy a great competitive rate with no fees.
AMP Term Deposit $25,000+
0.70%
0.70%
0.85%
0.85%
0.85%
1.00%
1.00%
Lock your money with AMP Bank Term Deposit Account and enjoy a great competitive rate with no fees.
AMP Term Deposit $100,000+
0.70%
0.70%
0.85%
0.85%
0.85%
1.00%
1.00%
Lock your money with AMP Bank Term Deposit Account and enjoy a great competitive rate with no fees.
loading

Compare up to 4 providers

Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees
AMP SuperEdge Saver Account
1%
0.65%
0.35%
$0
New customers can earn an introductory rate of 1% p.a. for 6 months, reverting to an ongoing variable rate of 0.65% p.a. Earn interest on your SMSF funds.
AMP SuperEdge Cash Account
0.1%
0.1%
0%
$0
Gain easy access to your funds while earning a competitive rate of interest with the AMP SuperEdge Cash Account.
loading

Compare up to 4 providers

Name Product Card access ATM Withdrawal Fee Fee Free Transactions p.m. Monthly account fee
AMP Bett3r Account
Visa
$0
$0
Earn 0.1% interest. Manage your budget effectively with a bundle of accounts.
$0 waivable monthly account fee.
Earn 0.1% interest on your balance. Monthly account fee waived if you deposit at least $2,000 a month from a source that is not another AMP bank account. Reach your savings goals with a bundle of linked Pay, Spend and Save accounts.
AMP Access Account
Visa
$0
$0
An everyday transaction account with fee-free banking.
AMP Offset Deposit Account
Visa
$0
$6
You could save thousands of your AMP home loan with an offset account.
loading

Compare up to 4 providers

Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees
AMP Saver Account
1.16%
0.01%
1.15%
$0
Earn an ongoing variable 1.16% p.a. when you deposit at least $250 a month, with no monthly spend requirements to meet. Available on balances up to $250,000.
AMP Business Saver Account
0.75%
0.5%
0.25%
$0
New customers can earn an introductory rate of 0.75% p.a. for 6 months, reverting to an ongoing variable rate of 0.5% p.a. Earn interest on your business funds.
AMP Notice Account
0.55%
0.55%
0%
$0
Ongoing, variable 0.55% p.a. when you link to a AMP Bank Deposit Account. Available on balances up to $10,000,000.
AMP Cash Manager
0.1%
0.1%
0%
$6
Ongoing, variable 0.1% p.a. available on your entire balance. The $6 account keeping fee is waived when you deposit $2,000 each month.
AMP SuperEdge Pension Account
0.1%
0.1%
0%
$6
Ongoing, variable 0.1% p.a. when you link to an AMP SuperEdge Cash Account and deposit $2,000+ each month. Available on the entire balance.
AMP Bett3r Account - Save Account
0.75%
0.1%
0.65%
$0
Earn a competitive, ongoing rate of up to 0.75% p.a. and set personal savings goals. Receive linked Pay and Spend accounts to help manage your money effortlessly.
loading

Compare up to 4 providers

Name Product 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
AMP Term Deposit $5000+
0.65%
0.65%
0.80%
0.80%
0.80%
0.95%
0.95%
Lock your money with AMP Bank Term Deposit Account and enjoy a great competitive rate with no fees.
AMP Term Deposit $25,000+
0.70%
0.70%
0.85%
0.85%
0.85%
1.00%
1.00%
Lock your money with AMP Bank Term Deposit Account and enjoy a great competitive rate with no fees.
AMP Term Deposit $100,000+
0.70%
0.70%
0.85%
0.85%
0.85%
1.00%
1.00%
Lock your money with AMP Bank Term Deposit Account and enjoy a great competitive rate with no fees.
loading

Compare up to 4 providers

Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees
AMP SuperEdge Saver Account
1%
0.65%
0.35%
$0
New customers can earn an introductory rate of 1% p.a. for 6 months, reverting to an ongoing variable rate of 0.65% p.a. Earn interest on your SMSF funds.
AMP SuperEdge Cash Account
0.1%
0.1%
0%
$0
Gain easy access to your funds while earning a competitive rate of interest with the AMP SuperEdge Cash Account.
loading

Compare up to 4 providers

Quick facts about AMP

  • AMP has been operating in Australia since 1849
  • AMP is a wealth manager that specialises in financial planning, investment, insurance, wealth generation and retirement products
  • AMP operates in both Australia and New Zealand
  • The AMP Bett3r account is a unique three-in-one bundled account that combined savings, spending and paying

Different accounts that AMP offers

AMP offers a range of different account which you can see in the tables above. Here's a few of the popular account options offered by the bank.

AMP Access Account

This is AMP's main day-to-day transaction account product. It has no monthly account keeping fee and no minimum balance requirement to meet. It comes with a Visa debit card which you can use anywhere Visa is accepted around the world, including for online transactions.

Read our full review of the AMP Access Account.

AMP Bett3r Account

This account goes one step further than a typical transaction or savings account. The AMP Bett3r Account comes with linked Pay, Spend and Save sub accounts. the Save account is where you keep your savings and earn interest, the Pay account is used to pay bills and regular payments and the Spend account is for your day-to-day transactions. The account is designed to help you budget effectively.

Read our full review of The AMP Bett3r Account.

AMP Saver Account

This savings account offers an ongoing total bonus variable rate of 1.16% p.a. each month you deposit at least $250 into your AMP Saver Account, with no monthly spend requirements to meet.

Read our full review of the AMP Saver Account.

AMP Term Deposit

You can open an AMP Term deposit with a minimum deposit of $5,000. You can choose a term length between 30 days and 5 years, and you'll earn a fixed interest rate for the length of your term.

Read our full review of the AMP Term Deposit.

Different ways to bank with AMP

AMP offers many different ways to do your banking.

AMP bank branches

AMP has around 35 bank branches in Australia, most of which are in Sydney and the other major cities.

ATMs

AMP doesn't have it's own ATM network. It used to be part of the rediATM network, however it no longer is. While there are no AMP ATMs, you can use your Australian debit card at roughly 10,000 ATMs in Australia owned by Westpac, CommBank, ANZ and NAB for free.

Bank@Post

If you need to deposit cash into your AMP account, you can do this at a participating Australia Post shop using Bank@Post. It's free to deposit cash into your account this way.

AMP Internet and mobile banking

AMP's Internet Banking platform is called My AMP. You can log in 24/7 to review transactions and balances, pay bills, transfer money between accounts and make BPAY payments. You can also view and download your statements and open new AMP deposit accounts.

The AMP app is free to download, and has a 2.5 star rating in the App Store and a 2.6 star rating in the Google Play store. You can do your day-to-day digital banking using the app, and set up alerts for when money goes into or out of your account. Id you have the AMP Bett3r Account, you'll see your linked Pay, Spend and Save accounts in the app.

AMP contactless payment options

AMP offers Apple Pay, Google Pay and Samsung Pay to customers with an AMP debit or credit card.

Pros and cons of banking with AMP

The pros

  • Bonus interest. The AMP Saver account offers bonus interest on your savings.
  • AMP Bett3r Account. The AMP Bett3r Account could suit you if you're looking for a linked savings, bills and spending accounts to help you manage your money.
  • Offset account. You can use the AMP Bett3r Pay account as an offset account if you're got a home loan with AMP.

The cons

  • Limited branches. AMP operates mostly online, with few branches in Australia available for customers.
  • No ATM network. AMP doesn't have its own ATM network. However, you can access a Big Four bank ATM for free.
  • Lower term deposit rates. The AMP Term Deposit rates are less competitive than some others in the market.

How to apply for an AMP account online

You can apply for a new AMP account online in less than 10 minutes. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.

Eligibility

  • You're over 18 years old
  • You're an Australian resident for tax purposes
  • You have an Australian phone number and residential address

Documentation

  • Personal details like your name, date of birth, residential address, phone number and email address
  • ID documents such as your driver's licence, Medicare card, passport or proof-of-age card

If you haven't found what you're looking for yet, you can compare a wide range of additional savings accounts and bank accounts from other providers with Finder.

Read more on this topic

  • AMP Bank term deposit $100,000+

    Earn a competitive interest rate on deposits over $100,000 and enjoy flexible term lengths with the AMP Bank term deposit.

  • AMP Bank term deposit $25,000+

    With high interest rates offered in a variety of different terms, the AMP term deposit could be ideal for both short and long term saving goals.

  • AMP SuperEdge Saver Account

    Let your excess SMSF savings work hard for you in a high interest savings account that still allows you to access your money whenever you need it.

  • AMP SuperEdge Cash Account

    Give your SMSF an edge with a flexible account that keeps your money secure and earning interest while you are waiting for the next investment opportunity.

  • AMP SuperEdge Pension Account

    Use your SMSF pension money wisely through an account that gives you unlimited free transactions to spend it along with interest to help keep it growing.

  • AMP Notice Account

    The combination of a competitive interest rate and flexible terms make a Notice Account a high interest savings account worth looking into.

  • AMP Offset Deposit Account

    Own your home outright sooner than you hoped by cutting interest payments every month with an Offset Deposit Account.

  • AMP Cash Manager

    Spend and save from one convenient account that provides you with Visa power to make all of your daily purchases.

  • AMP Access Account

    With AMP, you get an inexpensive and easy way to manage your spending as well as a safe hub to transfer money to your other interest earning accounts.

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

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.
Go to site