ANZ savings and bank accounts

ANZ offers savings accounts and bank accounts to suit different customers including kids, pensioners and business owners.

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ANZ

ANZ savings accounts, bank accounts and term deposits

Name Maximum Variable Rate p.a. Base interest rate Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
ANZ Online Saver
ANZ logo
Maximum Variable Rate p.a.
3.65%
Standard Variable Rate p.a.
1.40%
Intro/Ongoing
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
ANZ Progress Saver
ANZ logo
Maximum Variable Rate p.a.
4.10%
Standard Variable Rate p.a.
0.01%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $10 each month
  • No withdrawals
ANZ Premium Cash Management Account
ANZ logo
Maximum Variable Rate p.a.
0.15%
Standard Variable Rate p.a.
0.15%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balance above $500,000
ANZ SMSF Cash Hub
ANZ logo
Maximum Variable Rate p.a.
2.30%
Standard Variable Rate p.a.
2.30%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balance above $10,000
ANZ Progress Saver for Kids
ANZ logo
Maximum Variable Rate p.a.
4.10%
Standard Variable Rate p.a.
0.01%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $10
  • No withdrawals
ANZ Pensioner Advantage Account
ANZ logo
Maximum Variable Rate p.a.
2.50%
Standard Variable Rate p.a.
2.50%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Portion of balances $50,000 and above
ANZ Business Online Saver
ANZ logo
Maximum Variable Rate p.a.
1.15%
Standard Variable Rate p.a.
1.15%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balances $5,000 and above
ANZ Save Account
ANZ Plus logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.50%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance by $100 or more
ANZ Plus Flex Saver
ANZ Plus logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
5.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $5,000
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Showing 9 of 9 results
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
ANZ Plus Account
ANZ Plus logo
Apple Pay Google Pay Samsung Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
ANZ Business Essentials
ANZ logo
Apple Pay Google Pay Samsung Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
ANZ Business Extra
ANZ logo
Apple Pay Google Pay Samsung Pay Garmin Pay
Monthly fee
$10
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
ANZ Access Advantage
ANZ logo
Apple Pay Google Pay Samsung Pay Garmin Pay
Monthly fee
$5
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
ANZ Access Basic
ANZ logo
Apple Pay Google Pay Samsung Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
ANZ Foreign Currency Account
ANZ logo
Apple Pay Google Pay6 currencies
Monthly fee
$0
Government Guarantee
Own network ATM fee
Card type
Visa
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Showing 6 of 6 results
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 11 Mths p.a. 12 Mths p.a. 24 Mths p.a.
ANZ Term Deposit
ANZ logo
$5,000 min. deposit
3 Mths p.a.
0.05%
4 Mths p.a.
0.05%
5 Mths p.a.
0.05%
6 Mths p.a.
0.10%
7 Mths p.a.
0.10%
11 Mths p.a.
-
12 Mths p.a.
0.15%
24 Mths p.a.
0.15%
More Info
ANZ Advance Notice Term Deposit (31 days notice required for early withdrawals)
ANZ logo
$5,000 min. deposit
3 Mths p.a.
3.15%
4 Mths p.a.
3.25%
5 Mths p.a.
3.35%
6 Mths p.a.
3.50%
7 Mths p.a.
3.60%
11 Mths p.a.
3.80%
12 Mths p.a.
4.20%
24 Mths p.a.
3.80%
More Info
ANZ Business Notice Term Deposit
ANZ logo
$5,000 min. deposit
3 Mths p.a.
3.35%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
3.40%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.00%
24 Mths p.a.
-
More Info
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Showing 3 of 3 results

Quick facts about ANZ

  • ANZ is one of Australia's Big Four banks along with CBA, Westpac and NAB.
  • ANZ began operating under the name of Bank of Australasia in 1835.
  • ANZ operates in more than 30 markets throughout the world, including in Australia, New Zealand, Asia, America and Europe.
  • ANZ was the first big bank in Australia to launch Apple Pay to customers.
  • Customers can withdraw cash at ANZ ATMs with their digital wallet on their phone instead of a physical debit card.

Different accounts offered by ANZ

Here's a snapshot of some of ANZ's most popular accounts. For a full list of ANZ's deposit accounts, you can refer to the tables above.

ANZ Access Advantage

This is ANZ's primary transaction account product. It comes with a Visa debit card and offers Apple Pay, Google Pay and Samsung Pay. There is a monthly account keeping fee, but this is waived each month that you deposit $2,000. The fee will also be waived if you're a full time student, you're under 18 years old or over the age of 60.

Read our full review of the ANZ Access Advantage Account.

If you have a Healthcare or Concession card you can open an ANZ Access Basic account instead. This is similar account but there's no monthly fee.

ANZ Online Saver

This is ANZ's introductory saver account option, offering a bonus interest rate to new customers for the first 3 months. This account does not charge any account-keeping fees and has no minimum balance requirements or monthly deposit conditions to meet to earn the interest rate.

Read our full review of the ANZ Online Saver.

ANZ Progress Saver

The Progress Saver is ANZ's bonus savings account option. It offers a variable interest rate up to 4.1% p.a. when you make a deposit of $10 or more per month and no withdrawals. You can also get an ANZ Progress Saver for kids if you're under 18.

Read our full review of the ANZ Progress Saver Account.

ANZ Term Deposit

The minimum amount required to open this term deposit is $5,000 and terms can vary between 1 month and 5 years. You'll earn a fixed interest rate for the duration of the term length you choose.

Read our full review of the ANZ Term Deposit.

What do Australians think of ANZ bank account?

  • 4.06/5 overall for Customer Satisfaction — lower than the average of 4.11
  • 4.39/5 for Trust — lower than the average of 4.43
  • 4.02/5 for Customer Service — lower than the average of 4.07

Based on ANZ bank account scores in Finder's 2024 Customer Satisfaction Awards.

Different ways to bank with ANZ

ANZ offers many different ways to do your banking.

ANZ bank branches

ANZ has roughly 400 bank branches spread across Australia. The bank has closed around 150 of its branches over the last few years, as more customers move away from physical banking and take up online banking. Across the globe ANZ has around 1,000 branches. Customers can go into an ANZ branch for general help and assistance with day-to-day banking, to deposit cash or cheques, to open or close accounts or to speak to a professional banker.

ANZ ATM network

ANZ has roughly 900 ATMs around Australia and an additional 3,000 around the world. This is fewer than CommBank and Westpac, but a lot more than many other smaller banks. Some of ANZ's ATMs are Smart ATMs, which allow customers to deposit cash and withdraw cash without their ANZ debit card and using their phone instead. ANZ customers can also withdraw cash from Westpac, CommBank and NAB ATM's for free.

ANZ Internet and mobile banking

ANZ Internet Banking allows you to monitor your accounts, move money between accounts, pay bills, download recent statements and apply for new products with ANZ.

More than 3.5 million Australians have downloaded the ANZ app. It has a 4.5 star rating in the Google Play store, and a 4.7 star rating on the App Store. It offers spending categorisation and tracking tools, spending alerts and the ability to instantly block and unblock your card. The ANZ Spendi feature allows you to set a personal daily spending limit, and get push notifications when you're getting close to reaching it.

ANZ contactless payment options

ANZ made headlines in 2016 for being the first major bank in Australia to launch Apple Pay. It now also offers Google Pay and Samsung Pay to customers with an ANZ debit card. You can also use your phone to withdraw cash at ANZ Smart ATMs.

Pros and cons of banking with ANZ

Pros

  • Accounts for all. ANZ offers dedicated bank accounts for personal and business customers, students, pensioners, seniors and kids.
  • Global presence. ANZ is a major bank with a large global network, so you'll be able to find ANZ branches and ATMs while you're travelling.
  • Large ATM and branch network. Despite the bank closing a lot of its branches over the past few years, ANZ still has more bank branches and ATMs than many other Australian banks.

Cons

  • Conditions for fee waivers. Some ANZ accounts have certain criteria you need to meet to qualify for monthly fee waivers.
  • Interest rates less competitive. The savings account interest rates offered by ANZ are often less competitive than other smaller, digital banks.

How to apply for an ANZ account online

You can apply for a new ANZ account online in less than 10 minutes. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.

Eligibility

  • You're over 18 years old
  • You're an Australian resident for tax purposes
  • You have an Australian phone number and residential address

Documentation

  • Personal details like your name, date of birth, residential address, phone number and email address
  • ID documents such as your driver's licence, Medicare card, passport or proof-of-age card

If you haven't found what you're looking for yet, you can compare a wide range of additional savings accounts and bank accounts from other providers with Finder.

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Written by

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full bio

Alison's expertise
Alison has written 625 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
  • Budgeting and money-saving hacks
  • Managing the cost of living

Read more on this topic

  • ANZ SMSF Cash Hub Account

    This account is for SMSF trustees to access their SMSF cash balance, to make payments and investments, and to receive income to the one account.

  • ANZ Access Basic

    Are you a Concession card holder? This account could help you manage your day-to-day finances while charging no account keeping fees.

  • ANZ Progress Saver for Kids

    With no fees, minimal deposit requirements and a competitive bonus interest rate, The ANZ Progress Saver is an ideal choice for your child’s first savings account.

  • ANZ Advance Notice Term Deposit

    Take advantage of more flexibility with a term deposit that allows you to give notice when you need your funds.

  • ANZ Premium Cash Management Account

    Managing your investment money is easy with an account that provides multiple access methods and no fee banking.

  • ANZ Pensioner Advantage account

    Have financial peace of mind by managing your pension income from an interest-earning transaction account by ANZ.

  • ANZ Term Deposit

    With their term deposit account, ANZ provides you with a flexible way of keeping your savings secure whether you need them for four months from now or four years.

  • ANZ Online Saver Account

    With an introductory bonus interest rate from ANZ, the Online Saver is an account worth taking into consideration.

  • ANZ Progress Saver savings account

    If you have a long term financial goal that you want to work towards, the Progress Saver from ANZ is an account worth looking into.

  • ANZ Access Advantage Transaction Account

    With its flexibility in purchase options and virtually fee-free transactions, this is an everyday account to consider if you are able to meet the monthly minimum deposit requirement.

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22 Responses

    Default Gravatar
    RichardDecember 16, 2024

    I want to get a debit card for our Body Corporate to enable retail purchases. When we want to buy something, such as cleaning supplies or equipment from Bunnings, we put enough money on the card to cover the cost. Otherwise we need a committee member to purchase the goods then reimburse them. It’s a pain.
    How can we get a debit card?

      AvatarFinder
      RichardDecember 18, 2024Finder

      Hi Richard,

      The debit card will need to be linked to a transaction account in the Body Corporate’s name. So you’ll need to contact the bank your Body Corporate uses.

    Default Gravatar
    DonnaJune 19, 2023

    Does Anz have a o fee transaction card for travelling overseas?

    Default Gravatar
    SeanMay 3, 2023

    The interest rates for the ANZ Advance Notice Product are incorrect as per ANZ’s website. You should update them given you have a ‘fact checked’ tick at the top of the page – seems to be not fully fact checked.

    Default Gravatar
    SavasMarch 20, 2023

    Am I covered for up to $250,000 for monies on my ANZ bank accounts? Is the ANZ Bank covered by the Federal Guarantee Scheme in the event of a collapse? Is the ANZ bank in which I have my funds at – Kew Branch- incorporated in Australia? The Guarantee applies only to Banks incorporated in Australia … Does it apply to my ANZ Bank here in Kew, Melbourne? Please advise urgently…

      AvatarFinder
      AlisonMarch 20, 2023Finder

      Hi Savas,
      Yes, your deposit up to $250,000 in an ANZ account is covered by the government’s guarantee scheme.
      Thanks,
      Alison

    Default Gravatar
    georgeNovember 17, 2022

    hi there
    how can i open a anz joint account online

      AvatarFinder
      AlisonNovember 22, 2022Finder

      Hi George,

      If you are looking for an ANZ joint account, you can choose between, ANZ Access Advantage and ANZ Online Saver. Both of these savings accounts have joint account access. You can apply directly on their website. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.

      All the best,
      Alison

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