ANZ Savings Accounts

ANZ is a provider of savings accounts, as well as other banking solutions such as term deposits, transaction accounts, credit cards, and kids banking.

Compare ANZ savings accounts

Considering a savings account from ANZ? The table below displays a snapshot of ANZ savings accounts on Canstar’s database, sorted by Star Rating. These results are based on a regular saver profile in NSW with $10,000 in current savings.

To see the definition of a regular saver and other profiles used in Canstar’s Star Ratings, view Canstar’s savings account methodology here. Or you can search our database for a savings account to suit your needs.

Compare Savings Accounts

What savings accounts does ANZ offer?

ANZ offers the following savings accounts at the time of writing:

ANZ Online Saver

A savings account with bonus interest for the first three months. This account allows you access your savings via your linked ANZ everyday bank account.

ANZ Progress Saver

This account offers bonus interest when you make a single deposit of $10 or more in a month with no withdrawals.

ANZ Premium Cash Management Account

This account offers tiered interest rates depending on your balance, and promises easy access to your money.

You can view the current interest rates on ANZ savings accounts in our comparison tables.

Do ANZ savings accounts require a linked transaction account?

ANZ does not require linked transaction accounts to all its savings accounts. Only the ANZ Online Saver requires a linked account.

You can compare transaction accounts with Canstar here to potentially find one that suits your requirements.

Does ANZ charge fees on its savings accounts?

Savings accounts can come with several fees, such as monthly account-keeping fees, transaction fees, withdrawal fees and more. ANZ charges no monthly account keeping fees on its Online Saver, Progress Saver and Premium Cash Management accounts at the time of writing (3/07/18).

It does charge a $2.50 transaction fee on staff assisted transactions on both its Progress Saver and its Premium Cash Management account, as well as $0.50 electronic transaction fees for its Premium Cash Management account and $1.00 electronic transaction fees for its Progress Saver account.

For current information on fees and how they apply, please check the Product Disclosure Statement.

What does ANZ offer in terms of mobile banking for savings accounts?

ANZ offers both online and mobile banking for its savings products, with its app available in both the Apple and Google store. Notable features of ANZ’s mobile banking include:

  • Your banking, insurance, investments and super all in one place
  • Add your eligible cards to Apple Pay
  • Check balances from your home screen without logging in to your app
  • Voice ID for payments over $1000

How to apply for a ANZ savings account

Before applying for a ANZ savings account, consider comparing it against other savings accounts on the market to ensure it is the right one for you. You can then apply for a ANZ savings account online, provided you have the correct documentation:

  • At least one form of ID, such as your driver’s license or passport
  • Accurate personal information, such as your name, date of birth, address and phone number

Once your account is opened, ANZ may require you to transfer in a minimum amount before your account can be activated – check the PDS document for more information on how much you might need to deposit.

Related article: How to change bank accounts

What other banking products does ANZ provide?

ANZ provides a variety of different products to consumers, including:

  • Transaction accounts
  • Term deposits
  • Savings accounts
  • Visa Debit cards 
  • Kids banking

About ANZ

ANZ was founded in 1835 in London and Sydney as the Bank of Australasia. As one of the ‘Big 4 Banks’ in Australia, ANZ is the largest banking group in the Pacific and New Zealand region and, according to its website, is ranked among the top 50 banks in the world. Its current headquarters is located in Melbourne.

Written by: Maddie Clarey | Last updated: July 3, 2018