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Our verdict

Earn 4.8% p.a. on balances between $10,000.01 and $250,000 with no monthly conditions to meet and complete access to your money.

This account acts as an everyday transaction account and savings account in one. It offers complete access to your money when you need it, while also paying a decent interest rate.

You can earn 4.8% p.a. on balances between $10,000.01 and $250,000. This rate is lower than some of the leading savings rates in the market at the moment, however, there are no deposit conditions to meet to earn this rate and no withdrawal restrictions on your cash making it really flexible.

You get a free Visa Debit card which allows you to use your cash for day-to-day spending, as well as access to Google Pay or Apple Pay for contactless purchases.

Pros

Transaction account and savings account in one
No account keeping fee
Earn interest with no deposit conditions to meet
No withdrawal restrictions

Cons

No branches available

Details

Key details

Product Name	AMP Cash Manager
Maximum Variable Rate	4.80% p.a.
Standard Variable Rate	4.80% p.a.
Monthly Account Fee	$0
Minimum Opening Deposit	$0
Minimum Age	18

Key features

$0 Account keeping fee

This account doesn't charge any monthly account keeping fees.

Get up to 4.8% p.a. on your balance

The interest rate structure for AMP Cash Manager is tiered, therefore, you will earn a particular rate depending on what the account balance is. You can earn the top rate of 4.8% p.a. on balances between $10,000.01 and $250,000.

How is my interest calculated?

Interest on your balance is calculated every day and paid into the account once a month.

How do I access my money?

You are able to access the money in your account through ATMs, EFTPOS, electronic deposits and withdrawals, BPAY, phone, online and mobile banking.

Check your balance through the AMP app

You can bank from your mobile device by downloading the AMP app from the Google Play Store or from the Apple App Store.

Linked Visa debit card

Your account will be linked to an AMP Visa debit card. This card allows you to make ATM enquiries and withdrawals along with purchases wherever the Visa logo is accepted.

Visa payWave feature

One of the features of your Visa debit card is Visa payWave. This allows you to make purchases of under $100 without having to swipe your card or sign the receipt.

2.5% International transaction fee

If a transaction requires converting currency you will be charged 2.5% of the transaction amount. This usually occurs when you make a purchase overseas, or make a purchase in a different currency when shopping online.

$4.50 International ATM withdrawal fee

$4.50 is charged to your account when you use an overseas ATM. Additional charges may be applied by the ATM network provider as well.

Available for personal accounts only

This account is intended for personal use only. If you are interested in a business account check the features of the AMP Business Cash Manager. You can compare other AMP products on this page.

How to apply

Eligibility

Before getting started, check to ensure that you are able to meet the eligibility requirements:

Minimum age. In order to be considered for this account, you must be at least 18 years of age.
Residency requirements. You must be an Australian resident and able to be identified in Australia at the time of application.

Depository requirements. No opening minimum deposit is needed.

Documentation needed

As you make your way through the application you will find it easier to fill out if you have the following documentation close by:

Tax file number. Letting AMP have your tax file number (TFN) or TFN exemption code is not mandatory but it is used to apply the right tax rate to your earned interest withholdings. If not given, AMP is required to apply the highest marginal rate.
Identification. Accepted forms that are used to help verify your identity include a Medicare card, driver's licence or passport. If your identity cannot be verified electronically you may need to visit a branch or the post to complete the application.
Bank account information. If you plan on linking this account to another in order to make transfers you will need to provide that account number along with the BSB number.

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Name	Maximum Variable Rate p.a.	Standard Variable Rate p.a.	Intro/Ongoing	Government Guarantee	Monthly Max Rate Conditions
Newcastle Permanent Smart Saver Account - Under 25s	Maximum Variable Rate p.a. 5.00%	Standard Variable Rate p.a. 0.05%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Grow balance No more than 2 withdrawals	Go to site View details Compare	An easy way for young savers to earn a solid interest rate without jumping through too many hoops.	loading Fetching your data...
Ubank High Interest Save Account	Maximum Variable Rate p.a. 5.50%	Standard Variable Rate p.a. 0.00%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Deposit $500 Savings up to $100,000	Go to site View details Compare	loading Fetching your data...
Newcastle Permanent Smart Saver Account - Under 25s	Maximum Variable Rate p.a. 5.00%	Standard Variable Rate p.a. 0.05%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Grow balance No more than 2 withdrawals	Go to site View details Compare	loading Fetching your data...
ING Savings Maximiser Finder Award	Maximum Variable Rate p.a. 5.50%	Standard Variable Rate p.a. 0.55%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Deposit $1,000 5 transactions Grow your balance Balances up to $100,000	Go to site View details Compare	Get $50 cashback when you open an Orange Everyday and a Savings Maximiser account and make 5 settled transactions. T&Cs apply	loading Fetching your data...
Newcastle Permanent Online Savings Account	Maximum Variable Rate p.a. 5.20%	Standard Variable Rate p.a. 1.00%	Intro/Ongoing 3 months	Government Guarantee	Monthly Max Rate Conditions N/A	Go to site View details Compare	loading Fetching your data...
ING Savings Accelerator ($150,000 - $500,000)	Maximum Variable Rate p.a. 5.20%	Standard Variable Rate p.a. 4.70%	Intro/Ongoing 4 months	Government Guarantee	Monthly Max Rate Conditions Welcome rate applies up to $500K	Go to site View details Compare	loading Fetching your data...
Macquarie Savings Account	Maximum Variable Rate p.a. 5.35%	Standard Variable Rate p.a. 4.75%	Intro/Ongoing 4 months	Government Guarantee	Monthly Max Rate Conditions Balances up to $250,000	Go to site View details Compare	loading Fetching your data...
ME HomeME Savings Account	Maximum Variable Rate p.a. 5.55%	Standard Variable Rate p.a. 0.55%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Deposit $2000 Grow balance Balances up to $100,000	Go to site View details Compare	loading Fetching your data...
IMB Reward Saver Account	Maximum Variable Rate p.a. 5.25%	Standard Variable Rate p.a. 0.00%	Intro/Ongoing 4 months	Government Guarantee	Monthly Max Rate Conditions Deposit $50 No withdrawals Balances up to $1,000,000	Go to site View details Compare	Earn up to 3.25% p.a. after the introductory period ends.	loading Fetching your data...
BCU Bonus Saver	Maximum Variable Rate p.a. 5.00%	Standard Variable Rate p.a. 1.00%	Intro/Ongoing 4 months	Government Guarantee	Monthly Max Rate Conditions N/A	Go to site View details Compare	loading Fetching your data...
Westpac Life (18-29 year olds only)	Maximum Variable Rate p.a. 5.20%	Standard Variable Rate p.a. 2.00%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Make a deposit Grow your balance 5 debit card purchases Balances up to $30,000	Go to site View details Compare	loading Fetching your data...
St.George Maxi Saver	Maximum Variable Rate p.a. 5.35%	Standard Variable Rate p.a. 1.10%	Intro/Ongoing 3 months	Government Guarantee	Monthly Max Rate Conditions N/A	Go to site View details Compare	Max Variable Rate includes 0.35% p.a. for 3 months for new customers who apply online	loading Fetching your data...
Newcastle Permanent Smart Saver Account	Maximum Variable Rate p.a. 4.50%	Standard Variable Rate p.a. 0.05%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Grow balance No more than 2 withdrawals	Go to site View details Compare	loading Fetching your data...

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AMP Cash Manager