My AMP app
Get the complete picture with My AMP app
Access your finances on the move and have your suer, banking, investments and insurance all at your fingertips.
Savings accounts
Our range of savings accounts
AMP Saver Account
Grow your account balance by at least $250 (excluding any interest earned) by the end of each calendar month to unlock AMP Saver’s highest variable interest rate on balances up to $500,000
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Variable rate of
% P.A
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Standard rate of up to
% P.A *
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Bonus interest when you grow your account balance by at least $250 (excluding any interest earned) by the end of the calendar month
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Easy online access to your money via My AMP
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No monthly fees
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Direct debits
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A Visa debit card, cheque book or Bank@Post access
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A digital wallet
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Unrestricted pay anyone amounts
AMP Cash Manager
Manage and access your money while earning competitive interest
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Interest rate of up to
% P.A *
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No monthly fees or minimum balance
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Earn interest on balances of $10,000 or more
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Competitive tiered interest rates
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Option to link to an AMP savings account
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Digital wallet payments with Apple Pay, Samsung Pay and Google Pay**
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The option to create and track savings goals
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Automated features to help you manage your budget
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Basic features for eligible Government Concession Card holders
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AMP Term Deposit
Get a guaranteed return on your lump-sum in a timeframe that suits you
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Interest rate of up to
% P.A
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Competitive interest rates
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$5,000 minimum deposit
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No monthly fees
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Terms to suit you from three months to five years
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Phone banking
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The ability to withdraw your money quickly
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Managing your money on the go with an app
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Bonus interest
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Everything you’d expect from an award-winning bank
Manage and access your funds while earning competitive interest with our AMP Cash Manager Account.
Get started with AMP Cash Manager:
No monthly fees or minimum balance
Competitive tiered interest rates
Option to link to an AMP Saver Account
Digital wallet payments with Apple Pay, Samsung Pay and Google Pay
Frequently asked questions
The new AMP Bank experience is a smarter, faster and more intuitive way to manage your money. It offers a shiny new app (AMP Bank app), and fresh cutting-edge features designed to make your personal and business banking easier.
Currently, the new AMP Bank app offers Everyday accounts for personal and business banking, along with a range of exciting new features designed for a seamless banking experience. And this is only the beginning, with more features and products being built as we speak – stay tuned!
Savings accounts are coming soon to the new AMP Bank experience (mid 2025!). For now, you can continue managing your AMP Saver via your My AMP app.
Interest is worked out as a percentage of the money you have in your savings account. You can work it out by taking the bank’s current interest rate and applying it to the balance with the frequency applied to the account. This is usually daily, weekly or monthly.
Some banks offer a bonus rate for new customers for a limited time, after which it moves to the standard variable interest rate.
Compound interest is the interest you get on:
- The money you initially deposited (the principal)
- The interest that has accumulated on your principal in previous periods.
For example, if you deposit $1,000 into your account for 10 years at 1.00% pa (compounded monthly) and make no additional deposits or withdrawals, you’ll have earnt $105 compound interest at the end of the 10 years compared to $100 simple interest.
If you’ve received a lump sum of money you’re keen to put away, or you’re saving for something big, a term deposit might be suitable for you.
It can be an ideal way to save for a specific goal, as it enables you get a guaranteed return based on the amount you invest and the interest rate on the day you open your term deposit.
Leaving your money in a transaction account generally earns you little or no interest. You may also be tempted to spend it. Instead, consider putting those funds away for a set period of your choice that pays you a guaranteed return at the end.
Whether you want to put down a deposit on a new home, buy a car or start a family, a term deposit could help you achieve your goals faster.
It's important to think carefully when choosing your term duration as you need to provide 31 days' notice1 if you want to access the money earlier than the selected term2. If you choose to continue your term deposit at maturity (rolling-over), the interest rate on the day the roll-over occurs will apply, this may be different to the interest rate for your initial term. Talk to a financial adviser to see what kind of saving strategy works best for you.
Learn more about banking with AMP
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Get the complete picture with My AMP app
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Choose how you bank
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Savings calculator
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Banking with AMP
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Important information
The product issuer and credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian credit licence 234517. 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.
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 here.
For accounts with BSB number 939 900, that you access via the AMP Bank mobile app, the Terms and conditions that apply are available here.
For accounts with BSB number 939 200, that you access via the My AMP mobile app, the Terms and conditions that apply are available here.
** Apple Pay works with iPhone 6 and later in stores, apps and websites in Safari; with Apple Watch in stores and apps; with iPad Pro, iPad Air 2 and iPad mini 3 and later in apps and websites; and with Mac in Safari with an Apple Pay enabled iPhone 6 or later or Apple Watch. For a list of compatible Apple Pay devices, see https://support.apple.com/en-us/HT208531.