Savings and offset accounts and term deposits
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 month2.
Effective date
| Your account balance | Your interest rate |
| $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
Current rates and fees
Effective date
| % pa standard rate | + % pa Bonus Interest Rate | = % pa total rate1 |
| This is the ongoing standard variable rate on all balances. | This is the ongoing bonus variable rate when you grow your account balance by at least $250 (excluding any interest earned) by the end of each calendar month. Payable on balances up to $500,000. |
This is the total variable rate which applies to balances up to $500,000, made up of the standard rate and the Bonus Interest Rate (subject to eligibility). |
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.
Effective date
| Term |
$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.
Effective 1 April 2022
| Accounts | Interest rate |
| All overdrawn accounts | 9.16% pa |
Business banking
Effective date
| 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 Everyday Business 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.
SMSF accounts
Effective
| Account balance | Interest rate |
| Standard rate for all balances | % 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.
Effective
| 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 % pa for balances up to $5 million | % 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.
Effective
| Account balance | Interest rate |
| Standard rate for all balances | % 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.
Additional information
AMP Access Account
Effective date
| Account balance | Interest rate (i) |
| Standard rate for all balances | % 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 First (personal customers only)
Effective 19 March 2024
| Account balance | Interest rate(i) |
| All balances | 0.00% 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
| Product | Notice period | Minimum margin | On notice rate | Interest rate (includes 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 |
Effective
| 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.
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.
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.
1 Earn up to % pa ongoing variable rate. Earn bonus interest on balances up to $500,000 from March 2025 and is subject to change without notice.
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.