AMP Bank will reduce interest rates across all variable rate home loans by 0.25% per annum (p.a.), effective 25 August 2025. The change follows the Reserve Bank of Australia's decision tolower the official cash rate by 0.25%.
AMP Bank is also maintaining competitive rates for AMP Bank GO savings products, including 4.25% p.a. for Personal Save balances and 4.00% p.a. for Business Save balances. Both rates apply for balances up to $250,0001, with no fees, no minimum deposits or withdrawal limitations to earn interest.
Sean O’Malley, AMP Bank’s Group Executive, said:
“We understand the importance of these rate reductions for our home loan customers, particularly in the current economic climate. By passing on the full cut, we’re helping ease pressure onhousehold budgets and supporting financial wellbeing.
“Through our new digital bank, AMP Bank GO, we will also continue to provide our everyday and mini business customers with no fuss savings accounts that offer highly competitive rates.”
[1] [4.25%] p.a. on Save account balances up to $250,000 [3.50] % p.a. on $250,000–$5 million),and businesses will earn a leading [4.00 %] p.a. on Business Save balances up to $250,000 (3.50% p.a. on balances between $250,000 - $5 million).
The product issuer and credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL andAustralian credit licence 234517.
This information is provided by AMP Bank Limited. Read our Financial Services Guide available at amp.com.au/fsg for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. AMP Bank is a member of the Australian Banking Association (ABA) and is committed to the standards in the Banking Code of Practice. Information including interest rates is correct as at 12/08/2025 and is subject to change without notice. Terms and conditions apply. A target market determination for these products is available here. Any application is subject to AMP Bank's approval.