We have increased the AMP Saver Account standard variable interest rate by 0.20% p.a, from 0.80% to 1.00%.
If you have met the eligibility criteria in May (by depositing $1,000 or more), you will earn a total interest rate of 5.00% p.a. on balance up to $250,000 in your AMP Saver Account starting from 21 June 2023.
Thanks for the link but Cannot open that document or link .
I am sorry about that but I didn't author that spreadsheet. I see that it is also locked from exporting, copying, and printing. Short of typing it out by hand I don't have an alternative for you, unfortunately.
St George is better than this deal unless im missing something? Deposit $50 per month also 5% pa interest uncapped and no fees.
Yes, i just got mine set up last week as a secondary bucket (using ING as the main one.) Looks to be the maximum performer for minimum hoops. Comes with an everyday account when you set up, so will be very easy to shuffle funds at end of month to control the $50 'growth'
U cant withdraw. Need to grow by 50 monthly. Once you need to take put some, you wont get bonis for the entire month
I pretty sure you can withdraw, as long as the balance grows by $50.
@atlinus: I just checked the T&Cs… (this is for St. George)
Tiered Incentive Saver bonus interest will be payable if,
during a month (being the day after the last business day
of the previous month to the last business day of the
current month):
1. your account balance has not fallen below zero; and
2. you have grown your account balance by at least $50
So just like ING, you can do whatever you want with your balance throughout the month, as long as the closing balance at end of month aligns with their criteria. The difference here is that it is the last business day of the month, not calendar day… something to be mindful of!
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AMP pay you the following month, not the current month like other accounts, which is a bit weird.
If you're ok with that, and also have AMP super account younger an extra 0.1%. For me, I just find UBank easier and know I'm more likely to be eligible for the bonus every month
If I transfer $1000 in June to get 5%in July, do I need to keep $1000 on savers account or I can transfer it back and spend?
Yes, there's no requirement to increase the balance.
Any reason why we couldn't set up an auto-deposit of $1k from another account and an auto-transfer back a week later?
You can move it out immediately or set up for the next day.
5.1% at BoQ. Same conditions.
BOQ also requires 5 eligible transactions.
True. Apols.
With rates changing so often, I think it's worth going for the honeymoon rates.
Macquarie is at 5.55% for 4 months, then switch to Rabobank (currently at 5.40%) for 4 months. Plus no hoops.
Macquarie rate is fixed for the 4 months. I am waiting for the interest raises to stop to take advantage of it.
I use the honeymoon raye a couple of years ago therefore i already have an existing account with them and they are not allowing me again to avail again.
Always Hoops .