9.5

Finder Score

Excellent

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Maximum variable rate: 4.25% p.a.
Base interest rate: 4.25% p.a.

Our verdict

This savings account offers an ongoing interest rate with no monthly conditions to meet.

The AMP Bank Go Save account is exclusively available through the AMP Bank Go mobile app. It’s a high interest savings account that offers an ongoing interest rate of 4.25% p.a. without any conditions to meet.

This is a great rate considering you don’t need to do anything to get it, and it’s also available on large balances up to $250,000. This savings account could suit you if you’re looking for a set-and-forget option for your savings.

Pros

No account-keeping fee.
No withdrawal limits - There are no restrictions on the number of withdrawals or the amount, offering flexibility.

Cons

Requires linked AMP Bank GO Everyday Account.
Online-only - The account can be managed through the AMP Bank GO app.

Details

Product details

Product Name	AMP Bank GO Save
Maximum Variable Rate	4.25% p.a.
Standard Variable Rate	4.25% p.a.
Monthly Account Fee	$0
Minimum Age	15

Key features

Ongoing, variable interest rate up to 4.25% p.a.

You'll earn an ongoing, variable interest rate of up to 4.25% p.a. This is the maximum rate available for balances up to $250,000.

Balances above $250,000 will still earn interest but at a reduced rate. Balances above $5 million earn no interest.

No monthly deposit requirement

You don't need to deposit a certain amount of money each month in order to earn interest, and you don't have to ensure your balance grows either.

No withdrawal restrictions

You can make withdrawals from your account whenever you need to and you'll still earn the ongoing variable interest rate.

Linked transaction account

This account will be linked to an AMP Bank Go Everyday transaction account. This is the account that you can use for your day-to-day spending and transactions. It has no monthly account fee.

Available via the AMP Bank Go app

This account and the linked AMP Bank Go Everyday account are only available through the AMP Bank Go mobile app (this is free to download). You can't access your account via the standard AMP internet banking portal, even if you have other accounts with AMP.

The AMP Bank Go app provides 24/7 access to customer support.

Set up multiple Savings Spaces

You can create up to 99 different Savings Spaces from your Go Save account within the app to help you budget and save for different goals.

How to apply

To open this account you must first download the AMP Bank Go mobile app (it's free). You'll need to provide a valid form of ID, such as a passport or driver's licence.

Once you've been approved, your AMP Bank Go Everyday account will be opened and you'll have access to the app. From here, you can now open an AMP Bank Go Save account.

Eligibility

You need to be an Australian resident
You need to be at least 15 years old
You need a valid email address and Australian mobile number

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. AMP Bank Go Save Account information page
2. AMP Bank Go Save Account TMD

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Alison Finder

Editorial Manager, Money

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Robert

November 24, 2025

Can the AMP Go Save account be opened as a joint account?

Sarah Megginson Finder

November 24, 2025

Hi Robert,

No, an individual AMP Go Save account cannot be opened as a joint account; it must be opened by an individual who also has an AMP Bank GO Everyday Account.

Lawrence Prestage

November 08, 2025

I am only getting 0.25% in my saver a/c. In wish to deposit more funds. How do I get 4.25%

Alison Banney Finder

November 10, 2025

Hi,

The AMP Bank Go Save Account currently offers 4.25% p.a. on balances up to $250,000 with no conditions.

It sounds like you might have the AMP Saver account – this is a different account. With the AMP Saver Account you need to grow your balance by $250 per month to earn the bonus interest rate. If you don’t do this, you’ll only earn 0.25% p.a.

To get the 4.25% p.a. rate I’d suggest looking at the AMP Bank Go account instead: https://www.finder.com.au/bank-accounts/amp-savings-accounts/amp-bank-go-save-account

Thanks,

Alison

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Dee-Anne

November 05, 2025

Hi, I am interested in your accounts. Can I open one in a self managed super fund name or only in my personal name?

Alison Banney Finder

November 05, 2025

Hi,

You’ve reached Finder. The AMP Bank Go Save account can only be opened for personal use (not for an SMSF).

Thanks,

Alison

Carol Hurst

October 28, 2025

Hi there l will have $600,000 to place in an account l notice that most banks only allow up to $250,000 in the high interest accounts is it legal to open more than one account at the same bank to take advantage of the interest? Could you also tell me what is the best interest rate on the whole $600,000.

Thank you

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Alison Banney Finder

October 28, 2025

Hi Carol,

AMP’s Go Save Account does pay interest on balances over $250,000, it’s just at a reduced rate. At the moment it pays 3.50% p.a. on the portion of your balance between $250,000 and $5 million.

Most banks allow you to open more than one account if you want to, however you’ll only be eligible for interest on your first account (i.e. you won’t get the full interest rate on both accounts).

Some other options for large balances include: Macquarie Savings Account offers 4.25% p.a. on balances up to $2m, and Bank of QLD Simple Saver offers 4.05% p.a. on balances up to $5m.

Thanks,

Alison

Show more Show less

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

AMP Bank Go Save Account

Pros

Cons

Key features

Ongoing, variable interest rate up to 4.25% p.a.

No monthly deposit requirement

No withdrawal restrictions

Linked transaction account

Available via the AMP Bank Go app

Set up multiple Savings Spaces

How to apply

Sources

Sources

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