Summary

Manage your SMSF with ease in an interest earning account that grants you free unlimited access when you need it.

The SuperEdge Cash Account from AMP gives your self-managed super fund (SMSF) an interest earning edge that you don’t get with just any savings account. This is a high interest savings account designed to help you with managing your SMSF using multiple access methods at no cost to you.

Pros

No monthly account management fees
You can link to a savings account

Cons

Only available for SMSFs
No Visa debit card or digital wallet

Details

Key details

Product Name	AMP SuperEdge Cash Account
Maximum Variable Rate	1.00% p.a.
Standard Variable Rate	1.00% p.a.
Monthly Account Fee	$0
Minimum Opening Deposit	$0
Minimum Age	18

Key features

Monthly account keeping fees

AMP does not charge any monthly account management fees for SuperEdge Cash Account.

Interest rates

Your balance grows with a variable interest rate.

Interest calculation

Interest is calculated on your balance every day and the payment due paid into the account each month. This allows you to earn even more with compound interest.

Accessing your money

You can make manage your cash and make transfers at any time using the My AMP app or by phone. There are unlimited transactions and withdrawals.

How to apply

Eligibility

In order to apply for the AMP SuperEdge Cash Account you can either call and speak with a representative of the financial institution or visit their website and download an application form that will then be sent to them. Before getting started check to make sure that you are able to meet the eligibility requirements:

Minimum age. There are no minimum age requirements set forth by AMP for the SuperEdge Cash Account, but you do need to be an authorized signatory of a registered SMSF in order to qualify to apply.
Residency requirements. Only Australian residents are allowed to open the SuperEdge Cash Account.

Depository requirements. No minimum opening balance is asked for in order to activate this account.

Documentation needed

As you work your way through the application, you will find it helpful to have the following documentation nearby:

Tax file number. It is not obligatory to provide you tax file number (TFN) or TFN exemption code. This is used by AMP to calculate the correct withholding tax rate to apply to your interest earnings. If not given, they are required to withhold tax at the highest marginal rate.
Identification. A passport, Medicare card or driver's licence contains the information needed to confirm your identity. If you are new to AMP you may need to complete this step at a participating Bank@Post office.
SMSF information. As this account is only available for an SMSF, you will need to be able to provide information that is relevant.

What happens after I submit my application?

After signing and submitting your application, it will be reviewed and if necessary additional identification documents will be mailed to you within three days. Once that is returned to AMP, your new account will be available to use in the next two business days.

Compare other SMSF savings accounts

1 - 6 of 18

Name	Maximum Variable Rate p.a.	Base interest rate	Intro/Ongoing	Government Guarantee	Monthly Max Rate Conditions
Rabobank High Interest Savings Account (SMSF)	Maximum Variable Rate p.a. 4.95%	Standard Variable Rate p.a. 3.60%	Intro/Ongoing 4 months	Government Guarantee	Monthly Max Rate Conditions N/A	Go to site View details Compare	loading Fetching your data...
AMP SuperEdge Saver Account	Maximum Variable Rate p.a. 4.65%	Standard Variable Rate p.a. 3.20%	Intro/Ongoing 6 months	Government Guarantee	Monthly Max Rate Conditions N/A	Compare	loading Fetching your data...
ANZ SMSF Cash Hub	Maximum Variable Rate p.a. 2.30%	Standard Variable Rate p.a. 2.30%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Balance above $10,000	Compare	loading Fetching your data...
AMP SuperEdge Cash Account	Maximum Variable Rate p.a. 1.00%	Standard Variable Rate p.a. 1.00%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions N/A	Compare	loading Fetching your data...
Commonwealth Bank SMSF Direct Investment Account	Maximum Variable Rate p.a. 3.20%	Standard Variable Rate p.a. 3.20%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions N/A	Compare	loading Fetching your data...
Rabobank Notice Saver SMSF (90 days)	Maximum Variable Rate p.a. 4.45%	Standard Variable Rate p.a. 4.45%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions N/A	Compare	loading Fetching your data...

Showing 6 of 18 results

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Alison Finder

Editor

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Jane

December 04, 2022

Hi, Can i please get an application sent to my email Fabricate@firepoint.net.au to open a AMP SuperEdge Cash Account?

Alison Banney Finder

December 20, 2022

Hi Jane,

You have reached Finder, a comparison site. Please visit AMP’s website to download their SuperEdge Cash Account application form. You can also apply online.

For further inquiries, feel free to call them at 13 30 30 or send them an email at info@ampbanking.com.au.

They’re available during these times:

Mon – Fri: 8am – 8pm (AEST)

Sat & Sun 9am – 5pm (AEST)

Thanks,

Alison

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Mehul Patel

September 09, 2021

How can I use $0.00 monthly bank fees !! Also best rates in SMSF??? Investment returns?

Thanks

Alison Banney Finder

September 10, 2021

Hi Mehul,

The AMP SuperEdge Cash Account can be used as a cash hub for your SMSF money when it’s not invested. This account has not monthly fees.

In terms of SMSF investment returns, this entirely depends on the SMSF investment strategy and will be different for each SMSF.

Our hub page on SMSFs has lots of information on how SMSFs work, how to set one up and how to invest with an SMSF: https://www.finder.com.au/self-managed-super-funds

I hope this helps.