3.2

Finder Score

Basic

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

Compare other options

Maximum variable rate: 1.15% p.a.
Base interest rate: 1.15% p.a.

Our verdict

This account offers an ongoing, standard variable rate each month with no conditions to meet.

This account could suit you if you want to earn a little bit of interest on your money with no account conditions to meet. The interest rate is lower than many others in the market, however you don't need to deposit a certain amount of money each month and you're not restricted from making withdrawals.

Pros

$0 Account keeping fees
Interest rate is available on the entire balance
No conditions to meet

Cons

Must link to an ANZ Everyday transaction account
Low ongoing interest rate

Details

Key details

Product Name	ANZ Online Saver
Maximum Variable Rate	1.15% p.a.
Standard Variable Rate	1.15% p.a.
Monthly Account Fee	$0
Minimum Opening Deposit	$0
Minimum Age	12

Key features

Standard interest rate of 1.15%

This account offers an ongoing, standard variable rate of 1.15%. There are no conditions to meet to earn this rate.

Online accessibility

You can transfer funds in and out of your savings account easily by logging into your account and making the transfer. You can use ANZ internet banking, phone banking or the ANZ App to log into your savings account whenever you need to.

Linked bank account

You can only link this account with an ANZ Everyday transaction account. This account can only be linked to: the ANZ Access Advantage, ANZ Access Basic or ANZ Pensioner Advantage. Please note that fees could apply to these accounts and these accounts all come with linked debit cards.

Direct debits

The ANZ Online Saver account can support direct debits, but cannot support periodical transfers.

$0 fees

The ANZ Online Saver carries no monthly service fees.

No minimum balance

With an ANZ Online Saver you are not required to maintain a monthly minimum balance.

How is my interest calculated?

Your interest will be calculated daily and deposited into your account at the beginning of the following month. It is a variable interest rate, so it can change at any time.

Easy-to-use app

With a 4 digit pin to log in, you can access your ANZ online saver from an iPhone or Android mobile phone. The ANZ App offers fingerprint login, and allows you to check your balance and transfer money between accounts as well as pay bills on the go.

Transfer instantly between ANZ accounts

You can transfer funds instantly between your ANZ Everyday account and your ANZ Online Saver account, so you have the convenience of accessing larger amounts of money in real time should you ever need to. Just remember, while you be able to access the money in real time, it may still take up to 3 business days for the funds to clear to an external account.

Protected by the Government Guarantee

The ANZ Online Saver is protected by the Australian Government guarantee scheme, securing that your deposits of up to $250,000 are safe.

Launch savings calculator

How to apply

Eligibility

There are some eligibility requirements you should make sure you can meet before proceeding to the application:

Minimum age. Applicants for the ANZ Online Saver must be at least 12 years old.
Residency requirements. Only Australian residents with a valid Australian address can open an ANZ Online Saver.

Depository requirements. There is no minimum deposit requirement, but you will have to provide account information for an ANZ transaction account in order to transfer money.

Documentation needed

When filling out the application you are going to need information from the following documentation:

Tax file number. Depending on your circumstance and the amount of interest earned, you could be required to pay taxes to the Australian government. Providing your tax file number ensures that the correct taxes are applied.
Identification. All Australian banks require that you are able to verify your identity using a valid driver's licence, passport or other documentation such as a utility bill.
Transaction account. Be sure that you have your transaction account information ready in order to be able to link the accounts.

What happens after I submit my application?

Completing the application should take about ten minutes after which it will be processed through ANZ who will set up your savings account within two business days.

What if I'm a non-resident or not eligible to apply online?

If you're currently overseas but planning to migrate to Australia, you can open an ANZ online saver before you arrive. If you're not eligible to apply online or if none of the above situations apply to you, please visit your local ANZ branch to apply.

Compare other savings accounts

1 - 12 of 180

Product	Finder Score	Maximum Variable Rate p.a.	Base interest rate	Intro/Ongoing	Government Guarantee	Monthly Max Rate Conditions
Rabobank High Interest Savings Account	Finder score 8 Great	Maximum Variable Rate p.a. 5.45%	Standard Variable Rate p.a. 4.00%	Intro/Ongoing 4 months	Government Guarantee	Monthly Max Rate Conditions Balances up to $250,000	Earn a high interest rate of 5.45% for the first 4 months and then 4% thereafter, with $0 account keeping fees and no monthly balance requirements.	Go to site View details Compare	loading Fetching your data...
ING Savings Maximiser	Finder score 9.7 Excellent	Maximum Variable Rate p.a. 5.40%	Standard Variable Rate p.a. 0.05%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Deposit $1,000 5 transactions Grow your balance Balances up to $100,000	Go to site View details Compare	loading Fetching your data...
Suncorp Bank Growth Saver Account	Finder score 8.7 Great	Maximum Variable Rate p.a. 4.80%	Standard Variable Rate p.a. 0.35%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Grow balance by $200 each month (excl. interest) Only 1 withdrawal No balance limit on earning interest	Get a solid interest rate on your entire balance, with minimal conditions in order to get the max rate. This account doesn’t offer card access but you can make 1 withdrawal per month & grow your net balance by $200 (excl. interest) to earn the max rate.	Go to site View details Compare	loading Fetching your data...
ING Savings Accelerator ($150,000 - $500,000)	Finder score 8.5 Great	Maximum Variable Rate p.a. 5.15%	Standard Variable Rate p.a. 4.45%	Intro/Ongoing 4 months	Government Guarantee	Monthly Max Rate Conditions Welcome rate applies up to $500K	Ideal for higher balances, savers can earn up to 5.15% for the first 4 months and up to 4.45% thereafter. There are no conditions and $0 account-keeping fees.	Go to site View details Compare	loading Fetching your data...
St.George Incentive Saver	Finder score 9.1 Excellent	Maximum Variable Rate p.a. 5.00%	Standard Variable Rate p.a. 1.60%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Grow balance $50 ($0.01 if under 21) Balance up to $249,999.99	Extra 0.10% p.a. for 3 months for new customers who apply online, balances under $250k.	Go to site View details Compare	loading Fetching your data...
Macquarie Savings Account	Finder score 8.8 Great	Maximum Variable Rate p.a. 5.10%	Standard Variable Rate p.a. 4.75%	Intro/Ongoing 4 months	Government Guarantee	Monthly Max Rate Conditions Balances up to $250,000	Go to site View details Compare	loading Fetching your data...
Bank of Queensland Simple Saver Account	Finder score 8.5 Great	Maximum Variable Rate p.a. 4.55%	Standard Variable Rate p.a. 4.55%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Balances up to $5,000,000	Open up to 9 accounts to take control of your savings and don't worry about meeting fiddly conditions or paying frustrating fees.	Go to site View details Compare	loading Fetching your data...
Newcastle Permanent Smart Saver Account	Finder score 7.7 Great	Maximum Variable Rate p.a. 4.25%	Standard Variable Rate p.a. 0.05%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Grow balance No more than 2 withdrawals	Go to site View details Compare	loading Fetching your data...
Westpac Life (18-29 year olds only)	Finder score 8.9 Great	Maximum Variable Rate p.a. 5.00%	Standard Variable Rate p.a. 1.60%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Make a deposit Grow your balance 5 debit card purchases Balances up to $30,000	Go to site View details Compare	loading Fetching your data...
Bank of Queensland Future Saver Account - 14 to 35 years	Finder score 9.4 Excellent	Maximum Variable Rate p.a. 5.25%	Standard Variable Rate p.a. 0.05%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Deposit $1,000 5 eligible transactions Balances up to $50,000	Go to site View details Compare	loading Fetching your data...
BCU Bonus Saver	Finder score 2.2 Basic	Maximum Variable Rate p.a. 4.75%	Standard Variable Rate p.a. 0.25%	Intro/Ongoing 4 months	Government Guarantee	Monthly Max Rate Conditions N/A	Go to site View details Compare	loading Fetching your data...
IMB Reward Saver Kick Start	Finder score 9.3 Excellent	Maximum Variable Rate p.a. 5.00%	Standard Variable Rate p.a. 0.00%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Deposit $20+ each month No withdrawals	You can open this account if you are aged 13 to 17, or if you're a student, trainee or apprentice aged 18 to 30.	Go to site View details Compare	loading Fetching your data...

How the Finder Score helps you find a better savings account

The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.

We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?

Read the full Finder Score breakdown

Sources

Your reviews

No reviews yet. Write a review

Ask a question

To ask a question simply log in via your email or create an account.

Ask a question

Alison Finder

Editorial Manager, Money

Hi there, looking for more information? Ask us a question.

You are about to post a question on finder.com.au:

Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
finder.com.au is a financial comparison and information service, not a bank or product provider
We cannot provide you with personal advice or recommendations
Your answer might already be waiting – check previous questions below to see if yours has already been asked

Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Serdal

June 17, 2019

I’m a current ANZ customer. What is the best term and rate for term deposit or any other type of account?

Jeni Finder

June 18, 2019

Hi Serdal,

Thank you for getting in touch with Finder.

If you consider having an ANZ term deposit account, I suggest that you get in touch with ANZ since you’re an existing customer as they may give you better options.

If you’re still looking around, you can start comparing your term deposit options. Once you’ve chosen the bank to invest with, please click on the ‘Go to site’ button to be redirected to the bank’s website to start your online application.

Please make sure that you’ve read the relevant T&Cs or PDS of the account to help consider whether the product is right for you.

I hope this helps.

Thank you and have a wonderful day!

Cheers,

Jeni

Show more Show less

Joe

January 15, 2019

I’m a current ANZ customer. Can I renew my online save account or not?

Charisse Finder

January 17, 2019

Hi Joe,

Thanks for reaching out to finder.

Once you have an ANZ Online Saver account, there is no need to renew the account. The account will just continue to operate along side your other accounts until such time you decide to close or terminate the account.

I hope this helps.

Cheers,

Charisse

Show more Show less

Aneeta

January 16, 2017

I am an ANZ customer and I want to save money for holiday like $25 per week.

Which account is the best for this type of option

May Finder

January 16, 2017

Hi Aneeta,

Thank you for your inquiry.

Basically, you can go with a savings account for that purpose. If you’ve already decided to go with ANZ Online Saver, you may open an account by clicking the green “Open” button above.

Meanwhile, you can also check your other online savings account options featured on our website.

You can use the calculator above the table on that page to calculate your approximate interest earnings by indicating your initial and monthly deposits as well as term/period of investment.

Cheers,

May

Show more Show less

Michael

December 20, 2016

Please advise if this account is available to business customers

Anndy Lou Finder

December 20, 2016

Hi Michael,

Thanks for your question.

The ANZ Online Saver Account is for individuals only.

You may want to compare business savings accounts featured on our website to explore your other options.

Cheers,

Anndy

Show more Show less

Sarah

August 31, 2016

Can I renew the online saver after three months and receive the bonus interest rate again?

Anndy Lou Finder

August 31, 2016

Hi Sarah,

Thanks for your question.

Unfortunately, that is not possible. The bonus interest rate offer is only available to new ANZ Online Saver customers who:

– Have not held an ANZ Online Saver account during the last 6 months

– Have submitted an application online.

After 3 months, the interest rate will revert to the standard variable rate.

Cheers,

Anndy

Show more Show less

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

ANZ Online Saver Account

Pros

Cons

Key features

Standard interest rate of 1.15%

Online accessibility

Linked bank account

Direct debits

$0 fees

No minimum balance

How is my interest calculated?

Easy-to-use app

Transfer instantly between ANZ accounts

Protected by the Government Guarantee

How to apply

Eligibility

Documentation needed

What happens after I submit my application?

What if I'm a non-resident or not eligible to apply online?

Compare other savings accounts

How the Finder Score helps you find a better savings account

Your reviews

Important information about this website

Advertiser disclosure

How we make money

Sorting and ranking products

Terms of service and privacy policy