We have a range of bank accounts to help you manage your money, your way. Whether you’re looking for a bank account for your everyday banking needs or a savings account to help you reach your financial goals, we have you covered.
Everyday and savings accounts
AMP Bett3r Account rates and fees
There is a $6 Monthly Account Management Fee debited to the Pay account on the last day of each month. If you deposit at least $2,000 (such as your pay) each calendar month to your Pay account, you'll skip the $6 Monthly Account Management Fee.
See the Deposit product fees and charges guide for more details, including fees for special services. With great interest rates, you can reach your goals sooner.
Effective date 16 March 2020
| AMP Bett3r Deposit Account | Standard Interest Rate | Bett3r Rewards Bonus Interest Rate |
| Bett3r Pay | 0.50% pa |
|
| Bett3r Save | 0.50% pa |
0.75% pa bonus interest (Up to 1.25% pa total*) |
| Bett3r Spend | 0.00% pa |
*Only applicable where the AMP Bett3r Account is not being used as an offset account. Available on balances up to $100,000. Balances over $100,000 will revert to the Standard Interest Rate. See the AMP Bett3r Account Bett3r Rewards Rules for applicable terms, conditions and eligibility criteria.
AMP Bett3r Offset Account rates & fees
All money in your Pay, Save and Spend accounts will offset your home loan. This could save you thousands of dollars in interest.
Note: Any offset balance in excess of your loan balance does not accrue interest.
The AMP Bett3r Offset Account doesn't have any monthly account fees, unless it is linked to a Basic home loan. In this case there is a $6 Monthly Account Management Fee. See the Deposit products fees and charges guide for more details, including fees for special services.
Effective date 10 July 2016
These rates are variable and are subject to change.
| AMP Bett3r Account (Offset) | Interest rate |
| Bett3r Pay | 0.00% pa |
| Bett3r Save | 0.00% pa |
| Bett3r Spend | 0.00% pa |
AMP Access Account rates & fees
AMP Access Account rates & fees
Effective date 16 August 2019
| Account balance | Interest rate(i) |
| Standard Rate for all balances | 0.00% pa |
There are no monthly Account fees or Transaction fees with the AMP Access Account, 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.
AMP Cash Manager rates & fees
AMP Cash Manager current interest rates
Effective date 16 March 2020
These rates are variable and are subject to change.
| Account balance | Interest rate |
| All balances | 0.50% pa |
Deposit at least $2,000 each month to avoid the $6 Monthly fee. Enjoy the convenience access to ATM(i) and eftpos with your access card, and fee-free internet banking.
(i) ATM provider fees may apply to ATM transactions. Fees also apply for international transactions and special services.
AMP Saver Account rates & fees
AMP Saver Account current interest rates
The following rates are variable and are subject to change. Deposit and withdraw as many times as you like without penalty. Available for personal customers and joint personal customers.
Effective date 7 April 2020
| Account balance | Interest rate |
| Standard rate for all balances | 1.05% pa |
| Bonus interest rate for new accounts from date of account opening(i) | |
| Standard rate plus 1.21% pa for balances up to $500,000 | 2.26% pa |
Deposits over $5,000,000 are available at our discretion. Terms and Conditions are available. Fees and charges apply for special services.
(i) Available if you open a new AMP Saver Account and you have not held an AMP Saver Account or eASYSaver Account before, you'll earn 2.26% pa - a bonus of 1.21% pa on top of the AMP Saver Account Standard Rate of 1.05% pa - during the Bonus Period. The Bonus Period is the first six months from the date your account is opened. Bonus Rate is payable on account balances of up to $500,000 per customer. Bonus rate and Standard rate are both variable rates and subject to change.
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
- cheque book
- 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 Notice Account rates and fees
AMP Notice Account rates and fees
You can deposit as many times as you like without penalty. Interest rates, Minimum Margin and On Notice Rate are subject to change. Withdrawals require a notice period and are subject to conditions outlined in the AMP Notice Account product disclosure statement.
Effective date 16 March 2020
| Product | Notice Period | Minimum Margin(i) | On Notice Rate | Interest rate (includes Minimum Margin) |
| AMP Notice Account (excludes Financial Institutions) |
31 days | 0.80% pa | 1.30% pa |
1.30% pa |
| AMP Notice Account Financial (Financial Institutions Only) |
31 days | 0.60% pa | 1.10% pa |
1.10% pa |
| AMP 6-month Notice Account (excludes Financial Institutions) |
180 days | 1.00% pa | 1.20% pa |
1.50% pa |
| AMP 6-month Notice Account Financial (Financial Institutions Only) |
180 days | 1.00% pa | 1.20% pa |
1.50% pa |
(i) A Minimum Margin above the RBA cash rate applies to the rate of interest on your account.
Term Deposit rates & fees
Effective date 27 March 2020
| Term |
$5,000 to less than $25,000 |
$25,000 to less than $100,000 |
$100,000 to $500,000 | >$500,000 to $1,000,000 | >$1,000,000 to $5,000,000 |
| 1 month | 1.10% pa |
1.10% pa |
1.10% pa |
1.10% pa |
|
| 2 months | 1.20% pa |
1.20% pa |
1.20% pa |
1.20% pa |
|
| 3 months(i) | 1.20% pa |
1.40% pa |
1.40% pa |
1.40% pa |
1.40% pa |
| 4 months(i) | 1.55% pa |
1.75% pa |
1.75% pa |
1.75% pa |
1.75% pa |
| 5 months(i) | 1.50% pa |
1.70% pa |
1.70% pa |
1.70% pa |
1.70% pa |
| 6 months(i) | 1.65% pa |
1.85% pa | 1.85% pa |
1.85% pa |
1.85% pa |
| 7 months(i) | 1.65% pa |
1.85% pa |
1.85% pa |
1.85% pa |
1.85% pa |
| 8 months(i) |
1.65% pa |
1.85% pa |
1.85% pa |
1.85% pa |
1.85% pa |
| 9 months(i) | 1.65% pa |
1.85% pa |
1.85% pa |
1.85% pa |
1.85% pa |
| 10 months(i) |
1.65% pa |
1.85% pa |
1.85% pa |
1.85% pa |
1.85% pa |
| 11 months(i) | 1.65% pa |
1.85% pa |
1.85% pa |
1.85% pa |
1.85% pa |
| 1 year(i) | 1.65% pa |
1.85% pa |
1.85% pa |
1.85% pa |
1.85% pa |
| 13 months(i),(ii) | 1.65% pa |
1.85% pa |
1.85% pa |
1.85% pa |
1.85% pa |
| 18 months(i),(iii) | 1.65% pa |
1.85% pa |
1.85% pa |
1.85% pa |
1.85% pa |
| 2 years(i) | 1.20% pa |
1.40% pa |
1.40% pa |
1.40% pa |
1.40% pa |
| 3 years(i) |
1.20% pa |
1.40% pa |
1.40% pa |
1.40% pa |
1.40% pa |
| 4 years(i) | 1.20% pa |
1.40% pa |
1.40% pa |
1.40% pa |
1.40% pa |
| 5 years(i) | 1.20% pa |
1.40% pa |
1.40% pa |
1.40% pa |
1.40% 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 |
A bonus interest rate of up to 0.10% per annum is available for AMP Corporate Superannuation customers. This bonus excludes special offers, and term deposits with balances of $1,000,000 and greater. Deposits over $5,000,000 are at our discretion.
(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.
For full details, please read the Deposit products fees and charges guide.
Debit interest
Effective 16 March 2020
| Accounts |
Interest rate |
| All overdrawn accounts |
9.16% pa |
Additional information
Products no longer for sale
AMP First (personal customers only)
Effective 16 March 2020
| Account balance |
Interest rate(i) |
| All balances |
0.90% pa |
(i) Interest rates are subject to change. Other fees and charges apply. Deposits over $1,000,000 are available and offered at our discretion. Please call AMP Bank 13 30 30 for more information or for full details see the deposit products fees and charges guide.
How we calculate interest
Term deposit
The interest payable on term deposits depends on the interest rate, the duration of the term deposit, and the interest payment frequency.
Interest is calculated daily and paid at maturity. For term deposits of 12 months or more, you may choose to have interest paid monthly, every 3 months, every 6 months, or annually unless we say otherwise.
For example and for illustrative purposes only, assume you opened a Term Deposit on 1 June 2015 with a balance of $20,000 for a 12 month term, with interest paid quarterly and the interest rate is 2.50% pa, your first interim interest payment would be calculated to 31 August 2015 and paid on 1 September 2015, as follow
- $20,000 x 2.50% ÷ 365 days x 92 (number of days in quarter) = $126.03.
Savings and transaction accounts
The interest rate applicable to savings and transaction accounts (excluding Offsets) may vary depending on the daily balance held in the Account.
Interest is calculated daily and credited to the Accounts on the first day in each month following the month in which it accrues.
For example, if your Account Balance is $1,000 at the close of business for every day of the month, and the current interest rate applicable to your Account is 3.00% pa, and your interest is paid monthly, and the month in which the interest is calculated has 30 days, then the interest will be calculated as follows:
- $1,000 x 3% ÷ 365 x 30 = $2.47
NOTE: The two examples above are indicative only and use rates and figures we have selected to demonstrate how the Account works.
Terms and conditions
Read our terms and conditions and fees and charges guides relevant to your product.
Important information
The product issuer and credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian credit licence 234517.
It’s important to consider your 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. Information including interest rates is subject to change without notice.
Any application is subject to AMP Bank’s approval. Terms and conditions apply and are available at amp.com.au/bankterms or 13 30 30. Fees and charges may be payable.
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. All information on this website is subject to change without notice.
AMP Bank is a member of the Australian Banking Association (ABA) and is committed to the standards in the Banking Code of Practice.