AMP's new three-in-one account Bett3r has been awarded Best Savings Account by finder, recognising its competitive savings rate.

The one of its kind Bett3r includes three linked accounts – Pay, Save and Spend – designed to help customers take control of their finances and reward savings. Its savings account offers a rate of up to 3 per cent* per annum, one of the best no-lock-in savings deals on the market.

Sally Bruce, AMP Bank's Group Executive said: "As a wealth management bank our aim is to help our customers achieve their goals, including helping them own their home sooner."

"We know the foundation to achieve these goals is day-to-day cashflow management, a challenge for many of us in our busy lives.

"This was the basis from which we developed Bett3r – a three-in-one account which intuitively manages our customers' income, spending and savings.

"The three linked accounts work together to provide an accurate view of income, bills, progress on savings goals and spending priorities, through a simple mobile app.

"The competitive rate is an incentive for our customers to save for their goals,"said Ms Bruce.

Earlier this year Bett3r won Mozo's Experts Choice Innovation Award recognising its unique, built-in budgeting capabilities and the account received a 5-star rating from Canstar.

The Bett3r Account integrates seamlessly with AMP's mobile wealth management tool My AMP, which provides customers with a holistic view of their wealth, including super, insurance, investments and banking.

More information about Bett3r is available here.

*The standard rate is 1.5%pa with a 1.5%pa bonus for up to $100,000 if at least $2,000 is deposited into Bett3r's Pay account each month.