Get rewarded for saving more

You can link your AMP Saver Account to an everyday transaction account, like an AMP Access Account, which gives you access to a Visa Debit card.
 

No, you can't but you can hold multiple access accounts and you can transfer money to and from your AMP Saver Account. You can also access all of these accounts in one view when you log into My AMP.
 

Direct debits can't be set upon your AMP Saver Account. If you'd like to set up a direct debit, you can do so from a linked transaction account like an AMP Access Account.

You can apply for both accounts at the same time in the online AMP Saver application form.

Read our Accounts Access and Operating Terms and Conditions for more information.
 

No, it can only be used as a personal account. We have a dedicated AMP Business Saver Account which can be used for business purposes, with quick access to your savings.
 

You're protected under the Financial Claims Scheme (FCS). The Australian Government guarantees combined deposits up to $250,000 per customer, in the event a financial institution fails.
 

You can view and track your savings through My AMP. It is an easy and secure way to do your banking online on either your desktop or through the My AMP app.

Using My AMP you can access and manage all of your accounts in one place, where and when it suits you.
 

From 1 February 2025, you need to grow your account balance by at least $250 (excluding any interest earned) by the end of each calendar month to qualify for your monthly bonus. You no longer need to deposit $1,000 or more each month.

Additionally, we increased the cap on balances eligible for bonus interest. Previously, bonus interest was earned on balances up to $250,000. With the new changes you can earn bonus interest on balances up to $500,000, which lets you benefit on more of your money.

To qualify for the bonus interest, your account balance needs to grow by at least $250 (excluding interest earned) by the end of each calendar month. 

For example, if your starting balance is $1,000 and you earn $52 in interest, you’d need to deposit at least $250 by the end of the month to qualify. However, if you withdrew the $52 in interest, your balance would have decreased, so you’d need to deposit $302 (the $52 you withdrew + the $250 growth requirement) to ensure your balance grows by at least $250.

If you withdrew your interest during the month, this would reduce your balance, and you’d need to replace the amount withdrawn in addition to depositing at least $250 to qualify for the bonus interest.

For example, if your starting balance is $1,000 and you earn $52 in interest, you’d need to deposit at least $250 by the end of the month to qualify. However, if you withdrew the $52 in interest, your balance would have decreased, so you’d need to deposit $302 (the $52 you withdrew + the $250 growth requirement) to ensure your balance grows by at least $250.

No, the $250 is based on funds you deposit into the account and does not include interest earned on funds already in your account.  You will need to grow by at least $250 by the end of the calendar month on top of any interest earned to qualify for bonus interest. Interest payments, fees and charges are NOT considered as part of the $250 growth.

You can make as many withdrawals as you like, you just need to make sure you increase your account balance by at least $250 by the end of the calendar month. The $250 growth does not include any interest earned.

If you make a withdrawal, this will decrease your account balance. To earn the bonus interest, you will need to deposit any amount you withdraw, plus at least another $250 to be eligible for the bonus interest. 

For example, if your starting balance is $1,000 and you earn $52 in interest, you’d need to deposit at least $250 by the end of the month to qualify. However, if you withdrew the $52 in interest, your balance would have decreased, so you’d need to deposit $302 (the $52 you withdrew + the $250 growth requirement) to ensure your balance grows by at least $250.

You’ll be able to see what your available rate for the month is on your account through your My AMP app.

If your AMP Saver account balance is over $500,000 the interest rate will be calculated using two rates; one for the first $500,000 and another for the amount above this. This combined rate is called an effective rate and can be viewed in My AMP and the My AMP App.  For details on how this is calculated, refer to the AMP Saver Account Reward Rules Handbook.