Question:

Will the Government guarantee scheme cover AMP Offset Account?

by Guest22762426  |  8 years, 8 month(s) ago

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I have a home loan with AMP and a large amount in my offset account and I want to know if Australian government scheme will also cover it.

 Tags: account, amp, cover, government, guarantee, Offset, Scheme

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1 ANSWERS

  1. Banking Expert
    An Offset Account is a Deposit Account. Deposits up to $1 million in a single entity name are covered by the Australian Government so the guarantee applies to Offset accounts as well.

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