Features & benefits

Make budgeting easier and get help to own your home sooner. With an AMP Bett3r Offset Account, you could save thousands of dollars. It’s simple. The money in your AMP Bett3r Offset Account (Bett3r) is offset against your home loan balance each day. This means you only pay interest on the remaining portion of your loan. 

Bett3r also assists you to reach your other goals. With three linked accounts – Bett3r Pay (Pay), Bett3r Save (Save), Bett3r Spend (Spend) – Bett3r helps you automatically pay bills, save and know what’s left to spend. The money in all three accounts is offset against your loan balance. Best of all, you may be eligible for Bett3r Rewards.

If you're not an AMP Bank home loan customer, or your home loan is not eligible to have an offset account attached to it, you might be eligible for an AMP Bett3r Deposit Account. You might also be eligible to earn bonus interest. See the AMP Bett3r Deposit Account page for further details.

Are you an AMP Superannuation Account or AMP Pension Account holder? See what Bett3r Rewards you may be eligible for.

Bett3r may suit if you’re:

  • an AMP Bank home loan customer
  • wanting to pay less interest on your home loan
  • after an easy automated way to help you manage your budget
  • looking to set up multiple savings goals and see your progress.

Here’s what you get:

  • three linked accounts (Pay, Save, Spend) to help you budget
  • the Bett3r app so you can manage your money on the go
  • Bett3r app alerts to help keep you on track. 
  • Bett3r Rewards (where eligible)

New to Bett3r?

Find out how Bett3r works


Already using Bett3r?

Check out how to manage your AMP Bett3r account.

Get some help with your AMP Bett3r Account Journey with instructional videos to assist you every step of the way. 

"You only have to make small changes now to make a big change in the future."

Joshua, Bett3r customer*

How can I own my home sooner an maintain my lifestyle?

Rates & fees

All money in your Pay, Save and Spend accounts will offset your home loan. This could save you thousands of dollars in interest.Note: Any offset balance in excess of your loan balance does not accrue interest. The AMP Bett3r Offset Account doesn't have any monthly account fees, unless it is linked to a Basic home loan.  In this case there is a $6 Monthly Account Management Fee. See the Deposit products fees and charges guide for more details, including fees for special services.

Effective date 10 July 2016

These rates are variable and are subject to change.

AMP Bett3r Account (Offset) Interest rate
Bett3r Pay 0.00% pa
Bett3r Save 0.00% pa
Bett3r Spend 0.00% pa

Australian Government guaranteed deposits

The Australian Government provides a guarantee of combined savings balances with an authorised deposit taking institution up to $250,000 per customer. Our AMP Bett3r Offset Account is covered under the government guarantee.

For more information visit fcs.gov.au.

Which loans can I link?

Most of our variable-rate loans can be linked to an AMP Bett3r Account6. These include:

  • Introductory Professional Pack Variable Rate Loan - Bett3r Rewards available
  • Professional Pack Variable Rate Loan - Bett3r Rewards available
  • Basic Variable Rate Loan
  • Select Variable Rate Loan
  • AMP First Variable Rate Loan - Bett3r Rewards available (only for employees of AMP group)
  • Affinity Variable Rate Loan (no longer available for sale)
  • Affinity Basic Variable Rate Loan (no longer available for sale)
  • Introductory Classic Variable Rate Loan (no longer available for sale)
  • Classic Variable Rate Loan (no longer available for sale)
  • Low Doc Variable Rate Loan (no longer available for sale)

Bett3r offset isn't available with the following loans:

  • Construction and land loans
  • AMP Essential Home Loan
  • all lines of credit
  • all fixed rate loans

Linking Bett3r to an eligible loan account is only completed on request. We do not automatically link Bett3r to your eligible loan account. If, for example, you come to the end of a fixed rate period and your loan converts to an eligible variable interest rate loan, you must call us on 13 30 30 to link or open Bett3r. If Bett3r is linked to a loan account that is not eligible, no offset benefit will apply and the product name will change to Unlinked Offset Deposit Account. All account access and operating Terms and Conditions remain unchanged.

The AMP First Home Loan is a special offer only available to AMP shareholders and AMP employees who apply directly through AMP Bank. Complete the online enquiry form to request more information about the AMP First Home Loan and for an AMP Bank direct sales team member to contact you. 

If you don't have an eligible loan, you could still enjoy the benefits of Bett3r as a deposit account, including a bonus interest rate on your Save account.

Contact us

Open your AMP Bett3r Account today or ask a question

Monday to Friday 8.00am - 8pm (AEST)
Saturday and Sunday 9am - 5pm (AEST)

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.

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


* Joshua is an AMP Bett3r Account customer and his review is his genuinely held opinion. Joshua has not received a benefit/incentive for his review. See the AMP Bett3r Account Rewards Rules for further details.