# AMP Saver — savings account review

> Reviewed by **Norg Editorial Team**
> Editorial Team, Norg Reviews
> Last reviewed: 2026-05-14T04:48:34.276Z
> Methodology: AussieBanks Review — Savings Methodology (v1.0.0)

## Company Overview
- Website: https://www.amp.com.au/banking/savings
- ABN: 49079354519
- Founded: 1849
- Regulator licence: AFSL 234517
- Vertical: au-banks

## Overall Rating: 4.2 / 5

Based on 0 detailed reviewer perspectives.

Mid-pack rate with no monthly conditions — a sensible default for hands-off savers.

## Pros
- Genuinely conditions-free bonus rate

## Cons
- Rate trails sector leaders by 40–60 basis points

## Key Takeaways
### 1. No conditions, no surprises

AMP Saver applies the bonus rate regardless of monthly activity. Predictable, but you pay for that predictability with a lower headline rate than ING or ANZ Plus.

### 2. AMP brand recovery

AMP has rebuilt its banking proposition since 2020 and now competes on simplicity rather than rate. App is functional, not flashy.

### 3. AFSL 234517

Operated by AMP Bank Ltd, ASIC-regulated, FCS-protected to $250k per account holder.

## Detailed Reviews