Interest rates & fees

Everyday and savings banking

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

View our bank interest rates below:
 

Everyday and savings accounts

Fee-free banking

Effective date 7 April 2008

Account balance Interest rate(i)
Standard Rate for all balances 0.00% pa

There are no monthly Account fees or Transaction fees with the AMP Access Account, and you don’t need to maintain a specific monthly balance.

No charges apply as long as you use any of the 3,400+ rediATMs Australia-wide for cash withdrawals. Be advised that other ATM provider fees may apply to ATM transactions at non rediATMs. Fees also apply for international transactions and special services.

(i) Interest rates are subject to change. Special service fees apply. Deposits over $5,000,000 are available at our discretion.

AMP Cash Manager current interest rates

Effective date 10 August 2016

These rates are variable and are subject to change.

Accounts Interest rate
All balances 1.50% pa

Deposit at least $2,000 each month to avoid the $5 Monthly fee. Stay above that minimum and all your banking is fee-free, with the exception of special services. See the Deposit products terms and conditions for more details.

AMP Saver Account current interest rates

Effective 10 August 2016

The following rates are variable and are subject to change. Deposit and withdraw as many times as you like without penalty. Available for personal customers and joint personal customers.

Account balance Interest rate
Standard rate for all balances 2.10% pa
Bonus interest rate for new accounts from date of account opening(i)
Standard rate plus 0.45% pa 2.55% pa

Deposits over $5,000,000 are available at our discretion. Terms and Conditions are available. Fees and charges apply for special services.

(i)If you open a new AMP Saver Account and you have not held an AMP Saver Account before, you'll earn a bonus of 0.45% pa on top of the AMP Saver Account Standard Rate during the Bonus Period. The Bonus Period is the first four months from the date your account opened. Bonus Rate is payable on account balances of up to $5 million per customer. Bonus rate and Standard rate are both variable rates and 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.

Effective date 10 August 2016

You can deposit as many times as you like without penalty.

Interest rates and Minimum Margin are subject to change. Withdrawals require at least 31 days’ notice and are subject to conditions outlined in the AMP Notice Account product disclosure statement. This is available to all customers.

Accounts Interest rate
Minimum Margin of 0.70%  
Standard rate for all balances(i) 2.20% pa

(i) A Minimum Margin above the RBA cash rate applies to the rate of interest on your account.

Term Deposit rates

Effective date 30 November 2016

Term                 $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
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

 

Additional information

AMP First (personal customers only)

Effective 10 August 2016

Account balance                  Interest rate(i)
All balances 1.90% pa

eASYCash Management

Effective 10 August 2016

Account balance                  Interest rate(i)
From $0 to less than $20,000 1.50% pa
$20,000 and over 1.50% 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 and 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 Managerment Account - Select option

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 - 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
 


Frequently Asked Questions for changes to First Home Saver Account.

(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 or for full details see the deposit products fees and charges guide.

Compare our everyday and savings accounts

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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.