Feb 04, 2026 (MarketLine via COMTEX) --
AMP Bank is adjusting customer interest rates after the Reserve Bank of Australia raised the official cash rate by 0.25 percentage points.
Following the Reserve Bank of Australia's (RBA) decision to increase the official cash rate by 0.25 per cent, AMP Bank is changing interest rates for customers.
Interest rates for all variable home loans will increase by 0.25 per cent, effective 9 February 2026.
AMP Bank is also increasing rates for AMP Bank GO's savings products, lifting the rate by 0.35 per cent to 4.60 per cent p.a. for Personal Save balances and by 0.25 per cent to 4.25 per cent p.a. for Business Save balances. Both rates apply for balances up to $500,0001 – an increase from the current $250,000 limit – with no fees, no minimum deposits or withdrawal limitations to earn interest. The changes will also take effect on 9 February 2026
Sean O'Malley, AMP Bank's Group Executive, said:
"We know higher rates can put pressure on household budgets and we're encouraging any customer who is doing it tough to get in touch.
"Importantly, we're also lifting AMP Bank GO's savings rates so everyday banking customers and mini-business owners can benefit from strong, 'no catch' returns on their savings."
We understand that financial challenges can be overwhelming, and we're here to help. You can find more information about our Financial Hardship support options here, or speak with our team on 13 30 30. AMP Bank GO customers can also call 1800 950 105.
[1] 4.60% p.a. on AMP Bank GO Save account balances up to $500,000 3.75 % p.a. on $500,000–$5 million),and businesses will earn a competitive 4.25 % p.a. on AMP Bank GO Business Save balances up to $500,000 (3.75% p.a. on balances between $500,000 - $5 million).
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COMTEX_473342732/2227/2026-02-11T14:16:19
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