AMP Saver — savings account review
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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: 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
1. Genuinely conditions-free bonus rate

CONS
1. 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