AMP Bank GO Save Account is a good replacement for uBank Save Account which requires account balance to increase by at least $1 excluding interest each month from 1 October.
AMP’s new app based savings account has come to market offering savers 4.5 per cent on balances up to $250,000, without a minimum deposit, no withdrawal conditions and no monthly fees. 3.75% p.a. on balances between $250,000.01 and $5 million, no interest payable on balance above $5 million.
AMP Bank is an authorised deposit-taking institution which is covered under the Financial Claims Scheme.
12-Aug-2025
Following the RBA's decision to decrease the official cash rate by 0.25%, AMP Bank is reducing variable interest rates across our Savings, Business and SMSF deposit products effective 15 August 2025 for all customers.
Another alternative is Macquarie Saver account, also 4.5%pa no catch and their app is very good in my opinion and daily limits are very generous with authenticator (up to $100k/day) - https://www.macquarie.com.au/everyday-banking/savings-accoun…
Good to see we have options - haven't tried the new AMP app myself. Is it any good?