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    AMP Bank GO Business Save
    happy man cleaning desk

    Features

    • No deposit or withdrawal conditions

    • Interest accrued daily and paid monthly

    • No minimum balance to earn interest

    • Manage your business savings in AMP Bank GO

    • No set up or monthly account fees on Business Save

    Download AMP Bank GO
    Competitive rates
    High five

    • Variable rate of up to

      % P.A

    Effective 

    All rates are variable and subject to change. For full rates on all balances please refer to rates, fees and eligibility.

    A simple business savings account with none of the regular catches.
    High five

    No account growth requirements, deposit conditions or withdrawal limits

    Explore more features of AMP Bank GO
    Product inclusions
    What’s included
    • No monthly account fees on Business Save
    • No account growth requirements, deposit conditions or withdrawal limits
    • Connected to Everyday Business Account within AMP Bank GO
    • Set and track your savings goals with automated transfers
    • 24/7 access to customer support through AMP Bank GO
    What’s not included
    • Online web portal
    • Issuing cheques

    Manage your money
    your way

    A banking experience that suits you - manage your account online, through AMP Bank GO.
    Find out more

    Rates, fees & eligibility

    Rates & fees

    Effective date

    Your account balance Your interest rate
    $0 - $250,000

    % pa
    $250,000.01 - $5,000,000 % pa
    Greater than $5,000,000 % pa

     

    There are no monthly account fees or charges on AMP Bank GO Business Save accounts.

    Eligibility
     

    Ready to open a Business Save account?

    You must:

    • Be an Australian resident aged 15 or over
    • Have a valid email address and an Australia mobile number
    • Be a sole trader, or an Australian private company owned by individuals or single or multiple directors, where at least two directors must apply for an account
    • Have an active Everyday Business Account with AMP Bank GO.

     

     

    Ready to take the next step?

    working lady with packed foods

    I’m new to AMP Bank GO

    To open a Business Save account:

    1. Download AMP Bank GO to your phone via the Apple App Store or Google Play
    2. Onboard with your ID and film yourself for extra security
    3. Once approved, your Everyday Business Account will be opened
    4. To set up a Business Save account;
      • Click on your Profile icon
      • Select 'Open a new account'
      • In the 'add to an existing account' section, select the relevant business account
      • Select 'Business Save' as the account type you want to open.
    Apply now
    Buisness man with laptop

    I’m an existing AMP Bank GO customer

    To open a Business Save account:

    1. Update AMP Bank GO via the Apple App Store or Google Play
    2. Jump into the app
    3. Click on your Profile icon
    4. Select 'Open a new account'
    5. In the 'add to an existing account' section, select the relevant business account
    6. Select 'Business Save' as the account type you want to open.
    Apply now

    24/7 customer support in AMP Bank GO

    If you are an existing AMP Bank GO customer access live chat via the app.
If you can’t access your device, contact AMP Bank GO on 1800 950 105.

    Any questions about AMP Bank GO Business Save?

    Get more information on eligibility and how to apply.

    If you have an Everyday Business Account, you can open a Business Save account linked to your Everyday Business Account.



     

    To do this, just go to the Profile section of the app to select 'Open a new account' and proceed. For companies, Any director with Business Everyday account access can open and operate a Business Save Account.

    To open a Business Save account:

     

    • Go to your Profile
    • Select 'Open a new account'
    • In the 'add to an existing account' section, select the relevant business account
    • Select 'Business Save' as the account type you want to open.

    You can only open 1 Business Save account, however you can create up to 99 Savings Spaces to separate your savings balances.

    Your Business Save account will have:

     

    • No monthly account keeping fees
    • No minimum balance
    • Payments to and from a linked Everyday Business Account
    • Interest calculated daily, paid monthly
    • Savings Spaces for separate savings goals

    You are able to view your Account Statements and Interest and Tax Summary in the 'Statements and Documents' section of AMP Bank GO.



     

    You can generate and access your account statements at any time by logging into AMP Bank GO and navigating to ‘Statements and Documents’

    Your Interest and Tax Summary outlines the gross amount of interest earned, interest that is subject to withholding tax, and where applicable the amount of tax deducted, from your interest bearing account with AMP Bank in a given financial year.

     

    The interest subject to withholding tax summarises interest payments from which withholding tax was deducted. If you have quoted your Tax File Number or Australian Business Number (if appropriate) to AMP Bank part way through the year, you may have received other interest payments which were not subject to withholding tax.

    You are paid interest on the 1st of the following month that you have earned interest on.

    The interest rate is variable and may be changed by us from time to time. If we change the interest rate applicable to your Business Save account, we’ll let you know via AMP Bank GO. We’ll do this as soon as reasonably possible and no later than when the change takes effect.

    Withholding Tax is the tax that is deducted by AMP Bank from the interest earned when you have not provided us your ABN, TFN or a TFN exemption.

    To link your Xero account, go to the Xero section in your menu, select 'Log into Xero', select 'Allow access', select the organisation that exists in your Xero account to link to your Business Save account.

    If you have an Everyday Business Account, you can open a Business Save account linked to your Everyday Business Account.



     

    To do this, just go to the Profile section of the app to select 'Open a new account' and proceed. For companies, Any director with Business Everyday account access can open and operate a Business Save Account.

    To open a Business Save account:

     

    • Go to your Profile
    • Select 'Open a new account'
    • In the 'add to an existing account' section, select the relevant business account
    • Select 'Business Save' as the account type you want to open.

    You can only open 1 Business Save account, however you can create up to 99 Savings Spaces to separate your savings balances.

    Your Business Save account will have:

     

    • No monthly account keeping fees
    • No minimum balance
    • Payments to and from a linked Everyday Business Account
    • Interest calculated daily, paid monthly
    • Savings Spaces for separate savings goals

    You are able to view your Account Statements and Interest and Tax Summary in the 'Statements and Documents' section of AMP Bank GO.



     

    You can generate and access your account statements at any time by logging into AMP Bank GO and navigating to ‘Statements and Documents’

    Your Interest and Tax Summary outlines the gross amount of interest earned, interest that is subject to withholding tax, and where applicable the amount of tax deducted, from your interest bearing account with AMP Bank in a given financial year.

     

    The interest subject to withholding tax summarises interest payments from which withholding tax was deducted. If you have quoted your Tax File Number or Australian Business Number (if appropriate) to AMP Bank part way through the year, you may have received other interest payments which were not subject to withholding tax.

    You are paid interest on the 1st of the following month that you have earned interest on.

    The interest rate is variable and may be changed by us from time to time. If we change the interest rate applicable to your Business Save account, we’ll let you know via AMP Bank GO. We’ll do this as soon as reasonably possible and no later than when the change takes effect.

    Withholding Tax is the tax that is deducted by AMP Bank from the interest earned when you have not provided us your ABN, TFN or a TFN exemption.

    To link your Xero account, go to the Xero section in your menu, select 'Log into Xero', select 'Allow access', select the organisation that exists in your Xero account to link to your Business Save account.

    Any questions about AMP Bank GO?

    Get more information on AMP Bank GO and what it means for existing Banking customers using My AMP.

    AMP Bank GO is a smarter, faster and more intuitive way to manage your money. It offers a shiny new app (AMP Bank GO), and fresh cutting-edge features designed to make your personal and business banking easier.

     

    Currently, AMP Bank GO offers Everyday accounts for personal and business banking, along with a range of exciting new features designed for a seamless banking experience. And this is only the beginning, with more features and products being built as we speak – stay tuned!

    Ready to join? Download AMP Bank GO and set up a new Everyday Account or Everyday Business Account.

    It’s totally up to you. If you’re ready to dive into the future of banking, then joining is easy. If you’re not quite ready, that’s okay too – you can continue using your Transaction Account in the My AMP app just like you have been.

    You won’t be automatically switched over. The new experience has been built from the ground up, so you’ll need to sign up fresh – get started here.

    If you’re an existing customer and want to sign up to new the banking experience, you’ll need to download AMP Bank GO. Think of it like upgrading your money toolkit! You can still use the My AMP app for your existing accounts alongside the new one.

    AMP Bank GO is a completely reimagined way to manage your money – more intuitive, smarter and designed to make your everyday personal and business banking easier. A few examples are:

    • Manage your money with Spaces with goal setting and achieve your goal faster by round up.
    • Track your transactions with the spend tracker,
    • Pay with PAYID with no limits on transfers.
    • Other features coming soon are deposits at Australia Post, OSKO, and Xero Bank feeds to manage your business accounting etc.

    While My AMP offers all the features and benefits you know and love, AMP Bank GO brings in the best tech, new and improved features, all at the tap of your phone.

    Not quite. You’ll need to open your shiny new Everyday personal or business account yourself. It only takes a few minutes – just have your photo ID and selfie skills ready!

     

    Once that's done, if you would like to close your existing account, here’s a few steps to follow:

    • Transfer your funds from your My AMP account to your account with AMP Bank GO (don’t forget the new BSB number 939-900).
    • When your old account has a nil balance, send us a secure message via My AMP to close it for you.

    Tip: Note down all your payee details before closing your old account, so you can set them up in AMP Bank GO.

    If you have more questions or want to understand if AMP Bank GO is right for you, check out our detailed FAQs, or call us on 1800 950 105 to speak to our team directly.

    AMP Bank GO is a smarter, faster and more intuitive way to manage your money. It offers a shiny new app (AMP Bank GO), and fresh cutting-edge features designed to make your personal and business banking easier.

     

    Currently, AMP Bank GO offers Everyday accounts for personal and business banking, along with a range of exciting new features designed for a seamless banking experience. And this is only the beginning, with more features and products being built as we speak – stay tuned!

    Ready to join? Download AMP Bank GO and set up a new Everyday Account or Everyday Business Account.

    It’s totally up to you. If you’re ready to dive into the future of banking, then joining is easy. If you’re not quite ready, that’s okay too – you can continue using your Transaction Account in the My AMP app just like you have been.

    You won’t be automatically switched over. The new experience has been built from the ground up, so you’ll need to sign up fresh – get started here.

    If you’re an existing customer and want to sign up to new the banking experience, you’ll need to download AMP Bank GO. Think of it like upgrading your money toolkit! You can still use the My AMP app for your existing accounts alongside the new one.

    AMP Bank GO is a completely reimagined way to manage your money – more intuitive, smarter and designed to make your everyday personal and business banking easier. A few examples are:

    • Manage your money with Spaces with goal setting and achieve your goal faster by round up.
    • Track your transactions with the spend tracker,
    • Pay with PAYID with no limits on transfers.
    • Other features coming soon are deposits at Australia Post, OSKO, and Xero Bank feeds to manage your business accounting etc.

    While My AMP offers all the features and benefits you know and love, AMP Bank GO brings in the best tech, new and improved features, all at the tap of your phone.

    Not quite. You’ll need to open your shiny new Everyday personal or business account yourself. It only takes a few minutes – just have your photo ID and selfie skills ready!

     

    Once that's done, if you would like to close your existing account, here’s a few steps to follow:

    • Transfer your funds from your My AMP account to your account with AMP Bank GO (don’t forget the new BSB number 939-900).
    • When your old account has a nil balance, send us a secure message via My AMP to close it for you.

    Tip: Note down all your payee details before closing your old account, so you can set them up in AMP Bank GO.

    If you have more questions or want to understand if AMP Bank GO is right for you, check out our detailed FAQs, or call us on 1800 950 105 to speak to our team directly.

    Contact us

    The fastest and safest way to contact AMP Bank for small business and personal banking support is to message us through the AMP Bank app.


    Simply log in and tap Support

    Phone

    1800 950 105


    24 hours a day/7 days a week
    Email help@ampbank.com.au
    Mail

    AMP Bank

    Reply Paid 79702

    Parramatta NSW 2124



    Cheque deposits

    We do not accept cheques
    Service of legal documents

    Please address to:
    The Proper Officer

     

    AMP Bank Limited

    Level 29,

    50 Bridge Street
Sydney NSW 2000
    Telegraphic transfers

    To receive a telegraphic transfer into your account, provide the other bank with your AMP Bank:

    • BSB Number
    • Account number
    • Account name
    • SWIFT/BIC code AMPBAU2SRET

    Note: We can only receive funds that have already been converted into Australian dollars.

     

    Send a Telegraphic transfer from your account, call us on 13 30 30.

     

    AMP Bank's Address:

    Level 2

    2-12 Macquarie street

    Parramatta NSW 2124



    Learn more about banking with AMP Bank

    • Explore AMP Bank GO features
    • Explore all AMP Bank GO BSB 939-900
    • Savings calculator
    • Contact us

    Important
    information

    The product issuer and credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian credit licence 234517. 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.

    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 here.

    Any application is subject to AMP Bank's approval.

    For accounts with BSB number 939 900, that you access via AMP Bank GO, the Terms and conditions that apply are available here. 

    For accounts with BSB number 939 200, that you access via the My AMP mobile app, the Terms and conditions that apply are available here.