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AMP Bank

AMP Saver Account

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announcement

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

Awards

Winner of Best Standard Savings Account, RateCity Gold Awards 2021

Maximum rate

1.16%*

% p.a

Base rate

0.01

% p.a

Maximum monthly interest

$16

based on an initial deposit of 4000 and a recurring monthly deposit of 1000 for a duration of 12 months

Total interest earned

$155

based on an initial deposit of 4000 and a recurring monthly deposit of 1000 for a duration of 12 months

Ongoing fee

$0

Real Time Rating™

3.73

/ 5
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Maximum rate

1.16%*

% p.a

Base rate

0.01

% p.a

Maximum monthly interest

$16

based on an initial deposit of 4000 and a recurring monthly deposit of 1000 for a duration of 12 months

Total interest earned

$155

based on an initial deposit of 4000 and a recurring monthly deposit of 1000 for a duration of 12 months

Ongoing fee

$0

Real Time Rating™

3.73

/ 5
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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

TMD

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

Methods of Access

Has internet facility

Has atm access

Has phone facility

Has eftpos facility

Has branch access

Fees

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

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