Interest rates & fees

Business everyday and savings accounts

AMP Bank has a range of bank accounts to help you manage your money, your way. Whether you’re looking for a bank account for your business banking needs or a savings account to help you reach your financial goals, we have you covered.

View bank interest rates below:

Effective 10 August 2016

Accounts Interest rate(i)
All balances 1.50% pa

Deposit at least $2,000 each month to avoid the $5 Monthly fee. Enjoy the convenience of fee-free internet banking, rediATM and eftpos access with an AMP Visa Debit card. Other ATM provider fees may apply to ATM transactions at non-rediATMs. Fees also apply for international transactions and special services, see Deposit account fees and charges. Terms and conditions available on request. Contact us on 13 30 30 or at info@ampbanking.com.au.

(i) These rates are variable and are subject to change.

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 $5 per month Account fee.

(i) These rates are variable and are subject to change.
(ii) Other ATM provider fees may apply to ATM transactions at non-rediATMs. Fees also apply for international transactions and special services. Daily withdrawal and purchase limits apply for ATM and eftpos.

The AMP Business Saver Account earns interest calculated daily and paid monthly. 

Effective 10 August 2016

Account balance Interest rate
Standard rate from $0 to less than $2,000 0.00% pa
Standard rate for $2,000 and over 2.05% pa
  • $0 monthly fee. If you require special services like special clearances on cheque deposits, check whether any fees and charges apply.
  • Unlimited deposits. No minimum opening deposit required. You can deposit any amount, as often as you like, using internet or phone transfers from an everyday account, either from an AMP Bank account or another provider’s account. You don’t need an ongoing balance, although interest earned is on balances of $2,000 or more. 
     

AMP Business Saver Account is available to business customers only. 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.

Please call AMP Bank on 13 30 30 for more information. Fees and charges apply.  For more details, see our Deposit product terms and conditions.

Term Deposit rates

Effective date 30 November 2016

  Investment amount
  $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
Term  
1 month   1.70% pa 1.70% pa 1.70% pa 1.70% pa
2 months   1.70% pa 1.70% pa 1.70% pa 1.70% pa
3 months(i) 2.30% pa 2.50% pa 2.50% pa 2.50% pa 2.50% pa
4 months(i) 2.15% pa 2.35% pa 2.35% pa 2.35% pa 2.35% pa
5 months 1.80% pa 2.00% pa 2.00% pa 2.00% pa 2.00% pa
6 months(i) 2.55% pa 2.75% pa 2.75% pa 2.75% pa 2.75% pa
7 months(i) 2.55% pa 2.75% pa 2.75% pa 2.75% pa 2.75% pa
8 months 1.80% pa 2.00% pa 2.00% pa 2.00% pa 2.00% pa
9 months(i) 2.10% pa 2.30% pa 2.30% pa 2.30% pa 2.30% pa
10 months 1.80% pa 2.00% pa 2.00% pa 2.00% pa 2.00% pa
11 months 1.80% pa 2.00% pa 2.00% pa 2.00% pa 2.00% pa
1 year(i) 2.40% pa 2.60% pa 2.60% pa 2.60% pa 2.60% pa
13 months(ii) 1.80% pa 2.00% pa 2.00% pa 2.00% pa 2.00% pa
18 months(iii) 1.80% pa 2.00% pa 2.00% pa 2.00% pa 2.00% pa
2 years 2.35% pa 2.55% pa 2.55% pa 2.55% pa 2.55% pa
3 years 2.35% pa 2.55% pa 2.55% pa 2.55% pa 2.55% pa
4 years 2.55% pa 2.75% pa 2.75% pa 2.75% pa 2.75% pa
5 years 2.60% pa 2.80% pa 2.80% pa 2.80% pa 2.80% 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 fees and charges guide.

Effective 23 January 2014

Accounts Interest rate
All overdrawn accounts 12.00% pa

Transact Account

Effective 16 February 2009

Account balance Interest rate(i)
From $0 to less than $500 0.00% pa
From $500 to less than $5,000 0.00% pa
From $5,000 to less than $20,000 0.00% pa
From $20,000 to less than $50,000 0.00% pa
From $50,000 to less than $100,000 0.00% pa
$100,000 amd over 0.00% pa

Cash Management Account

Effective 11 May 2015

Account balance Interest rate(i)
From $0 to less than $20,000           0.25% pa
$20,000 and over 0.25% pa 

Cash Management Account - Select option

Effective 11 May 2016

Account balance Interest rate(i)
From $0 to less than $20,000           0.25% pa
$20,000 and over 0.25% pa

Cash Management Account - Shareholder option

Effective 10 August 2016

Account balance Interest rate(i)
From $0 to less than $20,000           0.15% pa
$20,000 and over 0.25% pa

Investment Builder Account

Effective 11 May 2015

Account balance Interest rate(i)
From $0 to less than $2,000 0.00% pa
From $2,000 to less than $25,000    0.25% pa
$25,000 and over 0.25% pa

eASYLIVING Account

Effective 18 June 2012

Account balance Interest rate(i)
From $0 to less than $20,000         0.25% pa
$20,000 and over  0.25% 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.

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Important information

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It’s important to consider your particular 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.

This information is provided by AMP Bank Limited. Read our Financial Services Guide 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.

The credit provider and product issuer is AMP Bank Limited, Australian Credit Licence 234517.