In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

AMP SuperEdge Pension Account

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Updated
Fact checked
AMP SuperEdge Pension Account
Maximum variable rate
0.60% p.a.
Base interest rate
0.6%p.a.

Our verdict

Conveniently access your pension funds while continuing to let it grow through interest earnings.

This account is suited to customers who are drawing a pension from their self managed super fund (SMSF). It’s an account to receive and hold pension payments, and you’ll get 24/7 access to your money online and with a linked Visa Debit Card which you can use to make purchases all over the world.

There is a monthly fee of $0, but this is waived in months where you deposit at least $2,000 or maintain a balance of $5000.

If you link this account to an AMP SuperEdge Cash Account you’ll earn a 0.6% variable interest rate on your Cash Account balance.

Pros

  • No minimum account opening or balance
  • Full access to internet banking and phone banking
  • Competitive interest rate

Cons

  • Strict criteria applies

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Australians receiving a pension from their self-managed super fund (SMSF) can make it easier to access their cash with a SuperEdge Pension Account from AMP. Use a linked Visa debit card for purchases and withdrawals for no fee, while your balance can continue to grow from a competitive interest rate. This convenient account combines all of your financial needs into one easy to manage place.

Details

Key details

Product Name AMP SuperEdge Pension Account
Maximum Variable Rate 0.60% p.a.
Standard Variable Rate 0.60% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 18

Key features

Monthly account management fee

There is a monthly fee of $0 deducted from your balance. That fee is waived in months where you deposit at least $2,000 or maintain a balance of $5000. If you open this account through AMP's cash management service you won't ever pay that fee no matter what the balance of your account is or how much you are able to add to it.

Minimum balance requirement

There is no balance requirement with this account.

How to apply

Eligibility

In order to open your AMP SuperEdge Pension Account you will either need to contact your AMP financial advisor or visit AMP website to access the downloadable application. There are two available depending on whether you are an individual or a trust so be sure that you are accessing the one that applies to your circumstance. Before beginning, check the following eligibility requirements to ensure that you qualify for this account:

  • Minimum age. There are no age requirements, so long as you are receiving a pension from an SMSF.
  • Residency requirements. This account is available for Australian residents.

Compare other savings accounts

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ING Savings Accelerator ($150,000 - $500,000)
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Ubank High Interest Save Account
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Maximum Variable Rate p.a.
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ING Savings Accelerator ($150,000 - $500,000)
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Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
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Macquarie Savings Account
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Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
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Intro/Ongoing
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Monthly Max Rate Conditions
  • Balances up to $250,000
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Suncorp Bank Growth Saver Account
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Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
0.35%
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Monthly Max Rate Conditions
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Bank of Queensland Simple Saver Account
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Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
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Newcastle Permanent Smart Saver Account
Newcastle Permanent logo
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
0.05%
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Monthly Max Rate Conditions
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ING Savings Maximiser
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Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
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  • Deposit $1,000
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IMB Reward Saver Account
IMB logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
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 Earn up to 3.25% p.a. after the introductory period ends.
Rabobank PremiumSaver
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Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
1.45%
Intro/Ongoing
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Monthly Max Rate Conditions
  • Grow your balance by $200+ each month
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St.George Incentive Saver
St.George Bank logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
1.85%
Intro/Ongoing
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Government Guarantee
Monthly Max Rate Conditions
  • Grow balance $50 ($0.01 if under 21)
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 Extra 0.10% p.a. for 3 months for new customers who apply online, with balances under $250,000.
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Showing 12 of 12 results
Sources
  1. AMP SuperEdge Pension Account information page
  2. AMP SuperEdge Pension Account TMD

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Alison Banney

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Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full profile

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