AMP Bank changes loan and savings rates

Rates for variable home loans to increase by 0.25 per cent 

AMP Bank GO to increase ‘no catch’ everyday savings rate up to 5.75% p.a¹. 

Following the Reserve Bank of Australia's (RBA) decision to increase the official cash rate by 0.25%, AMP Bank is changing interest rates for customers.

Interest rates for all variable home loans will increase by 0.25% p.a., effective 9 November 2026. 

AMP Bank is also increasing rates for AMP Bank GO's savings products, lifting the rate by 0.25% up to 5.75% p.a.¹ for Personal Save balances and up to 5.25% p.a.² for Business Save balances. The changes will also take effect on 9 November 2026. 

For customers who want guaranteed returns, we currently offer competitive Term Deposit rates of up to 5.70% p.a. 

Sean O’Malley, AMP Bank’s Group Executive, said: 

"We know another rise adds pressure for borrowers. If you're struggling or worried about your repayments, please talk to us early. The sooner we hear from you, the more we can do to help. 

"When rates go up amid already high cost of living pressure, savers should also see the full increase, not a cut-down version tied to monthly hoops. 

"Whether you're building a buffer or putting money aside for your business, AMP Bank GO pays a strong rate with no strings attached. 

We understand that financial challenges can be overwhelming, and we’re here to help. You can find more information about our Financial Hardship support options here, or speak with our team on 13 30 30. AMP Bank GO customers can also call 1800 950 105. 

^{The product issuer and credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian credit licence 234517.}