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RateCity Says: This award-winning savings account charges no ongoing fees, and can help you earn bonus interest when you deposit $250 per month.

Winner of Best Standard Savings Account, RateCity Gold Awards 2021

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1.16%*
% p.a
0.01
% p.a
$16
based on an initial deposit of 4000 and a recurring monthly deposit of 1000 for a duration of 12 months
$155
based on an initial deposit of 4000 and a recurring monthly deposit of 1000 for a duration of 12 months
$0

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1.16%*
% p.a
0.01
% p.a
$16
based on an initial deposit of 4000 and a recurring monthly deposit of 1000 for a duration of 12 months
$155
based on an initial deposit of 4000 and a recurring monthly deposit of 1000 for a duration of 12 months
$0
Quick savings account review
For AMP Saver Account
These are the benefits of this savings account.
- Maximum interest rate ranked in the best 20% (conditions may apply)
- Ongoing bonus interest (conditions apply)
- No ongoing fees
- No minimum balance
- Features on 2021 RateCity Awards
These are the drawbacks of this savings account.
- Must satisfy age requirement conditions
Savings account overview
For AMP Saver Account
- Account Details
- Features
- Methods of Access
- Fees
Account Details
Maximum rate 1.16%* % p.a | Minimum age restrictions 18 |
Base rate 0.01 % p.a | Maximum age restrictions |
Maximum rate condition Earn an ongoing bonus variable rate of 1.16% p.a. when you deposit at least $250 a month. | Minimum opening deposit $0 |
Interest calculation method Stepped |
Features
Joint application available | Is online only |
Linked account required |
Methods of Access
Has internet facility | Has atm access |
Has phone facility | Has eftpos facility |
Has branch access |
Fees
Account keeping fees $0 | Eftpos fee $0 |
Atm withdrawal fee $0 | Overseas eftpos fee $0 |
Internet transaction fee $0 | Over the counter deposit fee $0 |
Phone transaction fee $0 | Over the counter withdrawal fee $0 |
Target Market Determination
Visit AMP Bank to view Target Market Determination.
Other Benefits
Government guarantee - Combined deposits up to $250,000 per customer are protected by the Australian Government guarantee. No monthly fees - There are no monthly account management fees and you can make unlimited deposits and withdrawals. Link your transaction account - link savings to an everyday account like the AMP Access Account for Visa Debit card, Apple Pay and Google Pay access. Easy access 24/7 with My AMP, internet banking or phone service.
Other Restrictions
This account offers an ongoing total bonus variable rate of up to 1.16% per annum. The bonus interest rate is earned on your account balance the month after you deposit at least $250 and paid the month after that. You must continue to deposit at least $250 per month, to be eligible for the ongoing total bonus variable rate which is available on balances up to $250,000. Terms and conditions, and eligibility criteria applies. A target market determination for this product is available at www.amp.com.au/bank/tmd