Everyday and savings accounts
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 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 Bett3r Account rates & fees
Effective date 1 July 2022
| AMP Bett3r Deposit Account | Standard interest rate* | Bett3r Rewards Bonus Interest Rate |
| Bett3r Pay |
0.10% pa | |
| Bett3r Save | 0.10% pa |
0.00% pa |
| Bett3r Spend | 0.00% pa |
The Bett3r Rewards are terminated from 1 July 2022 for all customers. See the Deposit product fees and charges guide for more details, including fees for special services.
*Interest rates are variable and subject to change. Only applicable where the AMP Bett3r Account is not being used as an offset account.
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 27 November 2023
| Your account balance | Your interest rate (i) |
| $0 - $10,000 | 0.60% pa |
| $10,000.01 - $250,000 | 4.80% pa |
| $250,000.01 - $5,000,000 | 4.35% pa |
| Greater than $5,000,000 | 0.00% 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 | 0.60% pa | $5,000 x 0.60% / 365 x 15 | $1.23 |
| $10,000.01 - $250,000 | $15,000 | 15 | 4.20% pa | $15,000 x 4.20% / 365 x 15 | $25.89 |
| Total interest paid | $27.12 | ||||
AMP Saver Account rates & fees
Current rate
Effective date 21 June 2023
| 1.00% pa standard rate | + 4.00% pa Deposit Bonus Interest Rate | = 5.00% pa total rate1 |
| This is the ongoing standard variable rate on all balances. | This is the ongoing bonus variable rate when you deposit $1,000 in the previous month. Payable on balances up to $250,000. | This is the total variable rate which applies to balances up to $250,000, made up of the standard rate and the Deposit Bonus Interest Rate (subject to eligibility). |
An added bonus of 0.10% pa
For existing AMP super, pension or investment account holders
If you hold an eligible super, pension or investment product, you may also be eligible for an additional Wealth Bonus Variable Interest Rate of 0.10% pa on balances up to $250,000.
This will be paid on top of your applicable standard and Deposit Bonus Interest Rate, taking your total interest payable to 5.10% pa.
To get the added Wealth Bonus Interest Rate, you must be able to view both your AMP Saver Account and AMP Wealth product together in the same My AMP login.
For more details, including a list of eligible super, pension or investment products, check out our eligibility info page.
1 Up to 5.00% pa ongoing variable rate on balances up to $250,000 and is subject to change without notice. For Accounts opened from 1 April 2021, offer is limited to one account per person. For any portion of the balance over $250,000 and up to $5,000,000 the interest rate reverts to the AMP Saver Account standard rate only. The maximum ongoing balance per customer name is $5,000,000. Terms and conditions apply. Fees and charges are payable. Any application is subject to AMP Bank’s approval. A target market determination for this product is available at www.amp.com.au/bank/tmd. To learn more about the AMP Saver Account, see the product page.
Future rate
Effective date 1 December 2023
| 1.20% pa standard rate | + 4.00% pa Deposit Bonus Interest Rate | = 5.20% pa total rate** |
| This is the ongoing standard variable rate on all balances. | This is the ongoing bonus variable rate when you deposit $1,000 in the previous month. Payable on balances up to $250,000. | This is the total variable rate which applies to balances up to $250,000, made up of the standard rate and the Deposit Bonus Interest Rate (subject to eligibility). |
An added bonus of 0.00% pa
For existing AMP super, pension or investment account holders
If you hold an eligible super, pension or investment product, you may also be eligible for an additional Wealth Bonus Variable Interest Rate of 0.00% pa on balances up to $250,000.
This will be paid on top of your applicable standard and Deposit Bonus Interest Rate, taking your total interest payable to 5.20% pa, effective 1 December 2023.
To get the added Wealth Bonus Interest Rate, you must be able to view both your AMP Saver Account and AMP Wealth product together in the same My AMP login.
For more details, including a list of eligible super, pension or investment products, check out our eligibility info page.
** Effective 1 December 2023, up to 5.20% pa ongoing variable rate on balances up to $250,000 and is subject to change without notice. For Accounts opened from 1 April 2021, offer is limited to one account per person. For any portion of the balance over $250,000 and up to $5,000,000 the interest rate reverts to the AMP Saver Account standard rate only. The maximum ongoing balance per customer name is $5,000,000. Terms and conditions apply. Fees and charges are payable. Any application is subject to AMP Bank’s approval. A target market determination for this product is available at www.amp.com.au/bank/tmd. To learn more about the AMP Saver Account, see the product page.
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 (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.
Term Deposit rates & fees
Effective date 06 November 2023
| Term |
$5,000 to less than $25,000 |
$25,000 to $10,000,000 |
| 1 month(v) | 0.10% pa |
|
| 2 months(v) | 0.20% pa |
|
| 3 months(i),(iv) | 4.70% pa |
4.75% pa |
| 4 months(i) | 4.70% pa | 4.75% pa |
| 5 months(i) | 4.90% pa | 4.95% pa |
| 6 months(i),(iv) | 4.95% pa |
5.00% pa |
| 7 months(i) | 4.90% pa |
4.95% pa |
| 8 months(i) |
5.00% pa |
5.05% pa |
| 9 months(i),(iv) | 5.00% pa | 5.05% pa |
| 10 months(i) |
5.00% pa |
5.05% pa |
| 11 months(i) | 5.05% pa |
5.10% pa |
| 1 year(i),(iv) | 5.20% pa |
5.25% pa |
| 13 months(i),(ii) | 5.05% pa |
5.10% pa |
| 18 months(i),(iii) | 5.05% pa |
5.10% pa |
| 2 years(i) | 5.20% pa | 5.25% pa |
| 3 years(i) |
4.80% pa | 4.85% pa |
| 4 years(i) | 4.80% pa |
4.85% pa |
| 5 years(i) | 4.80% pa |
4.85% 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.
Debit interest
Effective 1 April 2022
| Accounts |
Interest rate |
| All overdrawn accounts |
9.16% pa |
Business banking
AMP Business Saver Account rates & fees
Effective 27 November 2023
| Account balance | Interest rate |
| Standard rate for all balances | 3.30% 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 1.50% for balances up to $5 million | 4.80% 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 1.50% 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.
SMSF accounts
AMP SuperEdge Cash Account
Effective 1 May 2023
| Account balance | Interest rate |
| Standard rate for all balances | 1.00% pa |
The AMP SuperEdge Cash 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.
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 more information, please read the Deposit products fees and charges guide.
AMP SuperEdge Saver Account
Effective 4 October 2023
Standard rate
| Account balance | Interest rate |
| Standard rate for all balances | 3.20% 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 1.45% pa for balances up to $5 million | 4.65% pa |
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.
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 SuperEdge Cash 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 SuperEdge Saver Account and you have not held an AMP SuperEdge Saver Account in the last three months, you'll earn a bonus of 1.45% pa on top of the AMP SuperEdge 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. The 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.
AMP SuperEdge Pension Account
Effective date 19 September 2022
| Account balance | Interest rate |
| All balances | 0.60% pa |
The AMP SuperEdge Pension Account earns interest calculated daily and paid monthly.
There are no ongoing fees including for transactions 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.
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 fees and charges guide.
24/7 access, and interest for your pension
Learn more about AMP SuperEdge Pension Account
Learn moreAdditional information
Products no longer for sale
AMP First (personal customers only)
Effective 16 November 2020
| Account balance |
Interest rate(i) |
| All balances |
0.50% 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.
Notice Account
Effective 13 November 2023
| Product | Notice period |
Minimum margin | On notice rate | Interest rate (includes minimum margin) |
| AMP Notice Account (excludes financial institutions) |
31 days | 0.25% pa | 4.80% pa | 4.80% pa |
| AMP Notice Account Financial (financial institutions only) |
31 days |
0.05% pa | 4.60% pa | 4.60% pa |
Effective 13 November 2023
| Product | Notice period | Minimum margin1 | On notice rate | Interest rate (includes minimum margin) |
| AMP 6-month Notice Account (excludes financial institutions) | 180 days | 0.45% pa | 4.80% pa | 4.95% pa |
| AMP 6-month Notice Account Financial (financial institutions only) | 180 days | 0.45% pa | 4.80% pa | 4.95% 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.
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.
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.
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. Full details are available in the Fees and charges guide.
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.
A target market determination for these products is available on our TMD page.