Our range of products

  • AMP Saver Account

    Reach your savings goal faster when you deposit $1,000 or more in the previous month

    Effective date 01/12/2023 1.20% pa
    Standard Interest Rate
    Up to 5.20% pa

    with AMP Saver Deposit bonus rate. Conditions apply, refer to link to AMP Saver below.

    This product includes

    • Be rewarded when you deposit $1,000 or more a month
    • Easy online access
    • No monthly fees
    • Option to link to a transaction Access Account
    • Phone banking

    This product does not include

    • A Visa Debit card, cheque book, or Bank@Post access
    • Unrestricted pay anyone amounts
    • Setting up direct debits
    Terms and conditions
  • AMP Bank Term Deposit

    Get a guaranteed return on your lump-sum in a timeframe that suits you.

    We’re currently accepting online applications for Personal and Sole Trader accounts only.

    Effective 06/11/2023 Up to 5.25% pa

    This product includes

    • Competitive interest rates
    • $5,000 minimum deposit
    • No monthly fees
    • Terms to suit you from three months to five years
    • Phone banking

    This product does not include

    • The ability to withdraw your money quickly
    • Managing your money on the go with an app
    • Bonus interest
    Terms and conditions
  • AMP Bett3r Account

    This product is no longer available for new customers and the Bett3r Rewards are terminated from 1 July 2022 for all customers.

    Effective 1/07/2022 0.10% pa
    Standard variable interest rate on Pay account
    0.10% pa

    Standard variable interest rate on Save account. Bett3r Rewards are terminated from 1/07/2022.

    This product includes

    • No monthly fees
    • Three linked accounts – Pay, Save and Spend
    • Create and track savings goals plus earn bonus interest
    • Automated features that help you set aside funds for future bills and see what’s left
    • Manage your money via the Bett3r app

    This product does not include

    • Phone banking
    • Being able to make online transactions on a desktop computer
    • The ability to make same-day payments to an external account
    Terms and conditions

AMP Notice Account

We are not currently accepting any new direct applications for Notice Accounts.

Access your funds easily with a transaction account

Check out our range of bank accounts including everyday, savings accounts and term deposits, to help you stay on track and in control of your money.

Find out more

Get the complete picture with My AMP app

Access your finances on the move and have your super, banking, investments and insurance all at your fingertips.

Learn more

Choose how you bank

Contactless payments, mobile apps and a variety of everyday and savings accounts to suit your way of doing things.

Learn more

Savings calculator

Work out how varying deposits and timeframes affect your savings goals.

Learn more


How do you calculate interest earned on a savings account?

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.

What is a bonus (honeymoon) interest rate?

Some banks offer a bonus rate for new customers for a limited time, after which it moves to the standard variable interest rate. 

What is compound interest and how is it calculated?

Compound interest is the interest you get on:

  • The money you initially deposited (the principal) and
  • 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.

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.

For more information about these awards please visit Mozo Experts Choice Awards.