AMP Bank has a range of bank accounts to help you manage your money, your way. Whether you’re looking for a bank account for your business banking needs or a savings account to help you reach your financial goals, we have you covered. View bank interest rates below:

AMP Cash Manager rates & fees

The interest rate you receive will depend on how much you have in your account. Interest accrues daily and is paid on the first day of the following month. 

Effective date 

Your account balance   Your interest rate (i)
 $0 - $10,000 % pa
$10,000.01 - $250,000 % pa
$250,000.01 - $5,000,000 % pa
Greater than $5,000,000 % pa

There are no monthly account fees or transaction fees and you don’t need to maintain a specific monthly balance.

(i) Interest rates are subject to change. Special service fees apply. Balances over $5,000,000 are available at our discretion. 


Here’s an example of how it works. 

If the month in which the interest is calculated has 30 days, and your balance is $5,000 at the close of business for the first 15 days and $15,000 for the remainder, then the interest you’ll receive on the first day of the next month is as follows: 

Tier  Account Balance  Days the funds sat in the account in the month  Interest rate How interest is calculated Interest paid
$0 - $10,000 $5,000  15  % pa $5,000 x % / 365 x 15
$10,000.01 - $250,000 $15,000 15 % pa $15,000 x % / 365 x 15
Total interest paid

Earn a competitive interest on your funds

Learn more about AMP Cash Manager

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Offset Deposit Account rates & fees

Effective 5 November 2007

Accounts  Interest rate(i)
All balances  0.00% pa 

The Offset Deposit Account does not charge everyday banking fees, so you have unlimited access to:

  • ATM(ii) and eftpos with your access card
  • internet and phone banking
  • BPAY to pay your bills
  • AMP Bank variable rate loan products (Construction and Land Loans excluded).

No interest is payable on the Offset Deposit Account, as all your funds work to reduce the amount of interest you pay on your eligible home loan. Deposits over $5,000,000 are at our discretion.

If the Offset Deposit Account is linked to a Basic Variable Rate Loan, there is a $6 per month Account fee.

(i) These rates are variable and are subject to change.

(ii) Other ATM provider fees may apply to ATM transactions. Fees apply for international transactions and special services. Daily withdrawal and purchase limits apply for ATM and access to ATM and eftpos.


AMP Business Saver Account rates & fees


 Account balance Interest rate
 Standard rate for all balances  % pa

Bonus interest rate for new accounts from first day of month, after the account is opened, only applying for the first six months*
Standard variable rate plus % for balances up to $5 million % pa

The AMP Business Saver Account earns interest calculated daily and paid monthly.

There are no ongoing fees including for regular deposits or withdrawals. Some fees and charges for special services may apply, such as a duplicate statement fee. Read our Deposit products fees and charges guide for more information.

Deposit into your account as often as you like using online, mobile or phone transfers from a linked transaction account. This can be an AMP Access Account or another external account.

Interest applies to credit balances only. Interest rates are variable and subject to change without notice. Deposits over $5,000,000 are at our discretion. For full details, please read the Deposit products terms and conditions.


* If you open a new AMP Business Saver Account and you have not held an AMP Business Saver Account in the last three months, you'll earn a bonus of % pa on top of the AMP Business Saver Account Standard Rate during the Bonus Period. The Bonus Period begins the first day of the month after the account is opened, and is active for six months. Bonus Rate is payable on account balances of up to $5 million per customer. Bonus rate and Standard rate are both variable rates and subject to change.


Bonus interest that means business

Learn more about AMP Business Saver Account

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Term Deposit rates & fees

Effective date 

$5,000 to less than $25,000
$25,000 to $10,000,000
1 month(v)   % pa
2 months(v)   % pa
3 months(i),(iv) % pa
% pa
4 months(i) % pa % pa
5 months(i) % pa % pa
6 months(i),(iv) % pa
% pa
7 months(i) % pa
% pa
8 months(i)
% pa
% pa
9 months(i),(iv) % pa % pa
10 months(i)
% pa
% pa
11 months(i) % pa
% pa
1 year(i),(iv) % pa
% pa
13 months(i),(ii) % pa
% pa
18 months(i),(iii) % pa
% pa
2 years(i) % pa % pa
3 years(i)
% pa % pa
4 years(i) % pa
% pa
5 years(i) % pa
% pa
TD held as security Please contact us on 13 30 30 for interest rates applicable for Term Deposits held as security for loans.

No account-keeping fees apply to AMP Bank’s Term Deposits. Instead you will earn interest paid at interims you select or on maturity, depending on the term you choose for your term deposit. You may open as many term deposits as you like each with a different term or invested amount. You will receive your interest earnings at the end of the term or, if you would like to be paid more frequently, at a slightly lower rate on terms of one year or more. You can receive those earnings every month, every three months or every six months instead of annually. For example, here are the interest payment options on terms of one year or more:

Interest rate payment frequency
Interest rate conditions
Every month Interest rates for monthly interest payments are 0.20% pa less than the standard rates above 
Every three months Interest rates for three-monthly interest payments are 0.10% pa less than the standard rates above
Every six months Interest rates for six-monthly interest payments are 0.05% pa less than the standard rates above


(i) Special Offer only. Other bonus margins cannot be applied to this rate.
(ii) Only available where interest is paid electronically into a nominated account with AMP Bank or another financial institution and no bank cheque is issued. Where interest is paid annually, the first interest payment is made after 12 months and the second interest payment is made at maturity.
(iii) Quarterly and half-yearly interest payment options are not available.
(iv) These rates apply to Direct customers (those who have applied for the product directly through AMP Bank) only. If you acquired the product through an intermediary, please contact your intermediary for current interest rates. 
(v) Not available for new applicants

For full details, please read the Deposit products fees and charges guide.


Boost your business savings

Learn more about AMP Bank Term Deposits

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Debit interest

Effective 1 April 2022

Accounts  Interest rate
All overdrawn accounts 9.16% pa

Products no longer for sale

Notice Account


Product Notice period
Minimum margin On notice rate Interest
minimum margin)
AMP Notice Account 
(excludes financial institutions)
31 days % pa  % pa  % pa 
AMP Notice Account Financial
(financial institutions only)
31 days
% pa  % pa

% pa


Product Notice period Minimum margin1 On notice rate Interest
rate (includes
minimum margin)
AMP 6-month Notice Account (excludes financial institutions) 180 days % pa  % pa % pa
AMP 6-month Notice Account Financial (financial institutions only) 180 days % pa  % pa % pa

The AMP Notice Account earns interest calculated daily and paid monthly.

There are no limits on the deposits you can make by electronic transfer from your AMP Bank or external account or by sending us a cheque.

Withdrawals require a notice period and are limited to two per month. Withdrawals can be requested by:

  • Using secure message online at My AMP
  • BankFax or Bank Assist
  • Writing to us.

Notice Account PDS

Interest rates, minimum margin and on notice rate are subject to change.

You’ll need to provide a minimum of 31 days or 180 days notice to withdraw funds to an eligible AMP deposit account.

Important information

It’s important to consider your particular circumstances and read the relevant Product Disclosure Statement or Terms and Conditions before deciding what’s right for you. This information hasn’t taken your circumstances into account.

This information is provided by AMP Bank Limited. Read our Financial Services Guide 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.

All information on this website is subject to change without notice. The credit provider and bank product issuer is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian Credit Licence 234517.