Briefs: AMP Bank boosts rates to win back deposits, Lumi adds a ‘payment pause’ 08 April 2021 5:25AM Banking Day staff AMP Bank has revamped its AMP Saver Account, hoping to attract customers with an attractive bonus rate. For accounts opened from April 1, the account will have a base rate of 10 basis points and a bonus rate of 115 bps on amounts up to $250,000 for those who deposit $250 or more each month. The bank is trying to turn things around after losing more than 10 per cent of its household deposit balances over the past six months. Small business lender Lumi is claiming a first for the SME loan market after adding a “payment pause” feature to its products. Borrowers with a term business loan can take a payment holiday for four weeks – “no questions asked and with no interest charged or accrued”. The payment pause can be used once during the term of a loan.