AMP Bank GO lifts no-catch savings rate as households and small business owners look for high returns

Rates for variable home loans to increase by 0.25 per cent AMP Bank GO to increase no catch everyday savings rate to 5.50% p.a. ¹

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%, effective 5 October 2026

AMP Bank is also increasing rates for AMP Bank GO’s savings products, lifting the rate by 0.25% to 5.50%p.a. [1] for Personal Save balances and to 5.00%p.a. [2] for Business Save balances. The changes will also take effect on 6 October2026.

For customers who want guaranteed returns, we currently offer competitive Term Deposit rates of up to 5.40% p.a. 

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

“Another rate rise puts further pressure on borrowers already making difficult decisions about their household budgets. If you’re worried about keeping up with repayments, please speak with us early so we can work through the support available.

“Savers should see the benefit when rates rise. Whether you’re building a family safety net or putting money aside for your business, earning a competitive return shouldn’t come with a monthly checklist.

“With AMP Bank GO we’re offering a high savings rate, without the usual catches”

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.

^{[1] 5.50% p.a. on AMP Bank GO Save account balances up to $50,000 (5.00% p.a. on balances $50,000.01–$250,000, 4.50% p.a. on balances from $250,000.01 to $5 million).}

^{[2] 5.00% p.a. on AMP Bank GO Business Save account balances up to $500,000 (4.50% p.a. on $500,000.01–$5 million).}