Reduce effort and stress with Bett3r

An easy and automated way to manage your income and monthly budget through three linked deposit accounts - Bett3r Pay, Bett3r Save and Bett3r Spend.

Pay less interest on your home loan

The money in all three accounts is offset against your home loan balance each day. This means you only pay interest on the remaining portion of your loan.

Product inclusions

What the product includes

  • Being available to existing and prospective AMP Bank home loan customers
  • The ability to set up multiple savings goals and see your progress
  • Managing your money through the Bett3r app
  • A Visa Debit card, eftpos, BPAY® and digital wallet options

What the product doesn't include

  • The ability to link to an AMP Bank home loan that does not offer an offset option
  • Online or phone banking facilities
  • The ability to make same-day payments to an external account
  • A cheque book

Which home loans can I link?

Eligible loans

Most of our variable-rate loans can be linked to an AMP Bett3r Offset Account including:

  • Introductory Professional Pack Variable Rate Loan - Bett3r Rewards available
  • Professional Pack Variable Rate Loan - Bett3r Rewards available
  • Basic Variable Rate Loan1
  • Select Variable Rate Loan1
  • AMP First Variable Rate Loan - Bett3r Rewards available (eligibility criteria applies2)
  • 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 is not available with:

  • Construction and land loans
  • AMP’s Essential Home Loan
  • Lines of credit
  • Fixed rate loans

Linking Bett3r to an eligible home loan

Linking Bett3r to an eligible loan account is only completed on request. We do not automatically link Bett3r to your eligible loan account.

For example, if 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 a Bett3r Offset Account.

If Bett3r is linked to a home loan 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.

A $6 monthly fee is payable on Offset Deposit Account linked to Basic variable rate loan accounts.

2AMP shareholders and employees
The AMP First Home Loan is a special offer only available to AMP shareholders and AMP employees who apply directly through AMP Bank. If you’d like more information, complete the online enquiry form and an AMP Bank direct sales team member will contact you.

Rates, fees & eligibility

Rates & fees

Effective date 10 July 2016

AMP Bett3r Deposit Account Standard interest rate
Bett3r Pay
0.00% pa
Bett3r Save 0.00% pa
Bett3r Spend 0.00% pa

All money in your Pay, Save and Spend accounts will offset your home loan. This could save you thousands of dollars in interest.

Any offset balance above your loan balance does not accrue interest. The AMP Bett3r Offset Account does not have monthly fees unless it is linked to an AMP Basic home loan. In this case, there is a $6 Monthly Account Management Fee.

See the Deposit product fees and charges guide for more details, including fees for special services.


What are the fees?

If your Bett3r Offset Account is linked to an AMP Basic home loan, there is a $6 Monthly Account Management Fee. See the Deposit product fees and charges guide for more information.

Are my savings secure?

The Australian Government guarantee protects combined deposits up to $250,000 per customer in the unlikely event that a financial institution fails.

Can I manage my account online?

You can only manage your Bett3r accounts through the Bett3r app, available for smartphones using iOS or Android operating systems. You can view your accounts online but are unable to complete any transactions.

I already have a Bett3r Account but need help setting it up

Get the most out of your AMP Bett3r Account with instructional videos to assist you every step of the way.

See all our FAQs for the Bett3r Account

We’ve tried to answer any questions you have about the Bett3r Account here and on our FAQs page. If you can’t find what you need, contact us on 13 30 30.

Contact us

Mon - Fri: 8am – 8pm (AEST)
Sat & Sun 9am – 5pm (AEST)

Lost / Stolen Cards: 24 hours / 7 days a week

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

A target market determination for these products is available on our TMD page.