ANZ Term Deposit
- Interest rate 12 months interest rate
- Up to 0.15% p.a.
- Minimum opening deposit
- $5,000
- Account keeping fee
- $0
Summary
With a fixed interest rate spread out over terms you choose, you can start making plans for your financial future.
The ANZ Term Deposit is a high interest savings product that locks your money away until the terms you set have been met. Terms can range from one month to five years, allowing you to meet short term saving plans or a long term financial goal. It has no monthly fees and provides you with choices on how and when your interest payments are made.
Pros
-
$0 Account keeping fees
-
Wide ranges of terms from from 1 month to 5 years
Cons
-
If a withdrawal is made before the term reaches maturity, a $30 administration fee will be applied
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Minimum investment of
Details
Key details
| Product Name | ANZ Term Deposit |
| 3 month interest rate | 0.05% |
| 4 month interest rate | 0.05% |
| 6 month interest rate | 0.10% |
| 7 month interest rate | 0.10% |
| 9 month interest rate | 0.10% |
| 12 month interest rate | 0.15% |
| 24 month interest rate | 0.15% |
| 36 month interest rate | 0.15% |
| 48 month interest rate | 0.15% |
| 60 month interest rate | 0.15% |
| Minimum Opening Deposit | $5,000 |
| Minimum age requirement | 12 |
| Government guarantee | Yes |
Eligibility
| Minimum Age Requirement | 12 |
| Joint account availability | Yes |
| Min Deposit | $5,000 |
| Available to children | Not available for children under 12 years of age |
2023 Transaction Account Customer Satisfaction Highly Commended:
ANZ
ANZ took third place in our Transaction Account category this year, with 93% of the users that we surveyed saying they'd recommend the bank to a friend. Its customer satisfaction rating was 4.36 out of 5. Find more about Finder Banking Satisfaction Awards 2023.
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Your reviews
Alison Finder
Editor
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Richard Whitten Finder
November 06, 2023
Hi Jess,
Many term deposit products allow you to deposit extra cash over time. I suggest asking ANZ directly if the bank allows this.
Liz
October 31, 2016
Best interest rate for 6 month term deposit
rimu96
June 08, 2017
best interest rate for 6 month term deposit
Anndy Lou Finder
October 31, 2016
Hi Liz,
Thanks for reaching out.
You can compare term deposit accounts through our website. Please do take advantage of the calculator on that page to check which term deposit account can give you high-interest earnings for your particular amount of deposit.
Cheers,
Anndy
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Jess
November 02, 2023
my 16 year old son wants to put some money in a term deposit. say for instance he chooses to invest his money for 12 months, can you continue putting money into the term deposit, through out the year? thanks