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. Standard Variable Rate p.a. 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
View details
ANZ Progress Saver
ANZ logo
Maximum Variable Rate p.a.
4.25%
Standard Variable Rate p.a.
0.01%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $10 each month
  • No withdrawals
View details
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
View details
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
View details
ANZ Progress Saver for Kids
ANZ logo
Maximum Variable Rate p.a.
4.25%
Standard Variable Rate p.a.
0.01%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $10
  • No withdrawals
View details
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
View details
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
View details
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
View details
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
View details
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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 4.25% 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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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 626 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
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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.

Ask a question

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20 Responses

    Default Gravatar
    SueFebruary 20, 2018

    Which bank will allow me to open a trust account for Grandchildren if I don’t have their birth certificates?

      Default Gravatar
      JoelMarch 8, 2018

      Hi Sue,

      Thanks for leaving a question on Finder.

      We have a comparison of trust account for your children. However, you may need your child’s birth certificate and other forms of acceptable ID, for example, a Medicare card or school attendance letter. The documentation requirements vary between banks, so it’s a good idea to phone ahead and confirm what paperwork you need to bring. Finally, you will need to provide your Tax File Number (TFN) when you open an account. Read on for information about why this is important.

      Please check out the comparison table from the link above then click the name of your preferred account to find out the details and their minimum eligibility. You may then click the green ‘Go to site’ button to get in touch with the bank and to submit your application online.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      Cheers,
      Joel

    Default Gravatar
    AlisonJanuary 31, 2018

    I’m moving to Australia from NZ. The money I’m bringing over is around $400,000. What’s the best and cheapest way for me to transfer. Which is the best account to open?

      Default Gravatar
      AshFebruary 16, 2018

      Hi Alison,

      Thank you for reaching out to us.

      You may like to reconsider opening a multi-currency account. This type of savings account allows you to hold different currencies (the popular ones) including NZD in one account. You can also deposit your money in NZD (with varying fees, depending on the account). When you arrive in Australia, you can then withdraw them in AUD denominations. While these accounts accept non-Australian citizens, they may require you to have an Australian address when you apply. Best to contact the bank first to confirm this info and discuss your other questions related to account opening. Please read through the guide on that page to get more details about how multi-currency accounts work and the possible fees you may incur.

      For your options in sending money to Australia, you may refer to our list of money transfer services with no maximum sending limit. Our page provides information on what you should know when sending large sums into Australia.

      I hope this helps.

      Please do not hesitate to reach out to us again if you have additional questions.

      Cheers,
      Ash

    Default Gravatar
    BenjaminJanuary 7, 2016

    Can I open an ANZ banking account in Australia as a non-resident/tourist?

      AvatarFinder
      ShirleyJanuary 7, 2016Finder

      Hi Benjamin,

      Thanks for your question.

      You can open an ANZ bank account if you intend to stay in Australia for an extended period of time, such as expats or migrants.

      Short-term tourist Visa holders may not be eligible and are assessed on a case-by-case basis.

      Cheers,
      Shirley

    Default Gravatar
    EdwardOctober 14, 2015

    What is the interest rate for Senior or retirement account.

      AvatarFinder
      ShirleyOctober 15, 2015Finder

      Hi Edward,

      Thanks for your question.

      At the time of writing, interest rates for the ANZ Advantage Pensioner was 0.25% p.a. for balances below $2,000.

      Cheers,
      Shirley

    Default Gravatar
    NopsSeptember 24, 2015

    Request For Information on Opening a Savings Account

    I would like to introduce myself as a permanent resident of New Zealand with foreign passport. I would like to open an online savings account to enable my Aussie share dividends to be paid into this bank account as a requirement of receiving my Aussie dividends from Aussie companies. I am also an investor in Aussie companies.

    Please kindly let me know the process and procedure to open such savings account with your bank.

    Thank you with best wishes.

    Nops.
    Auckland, New Zealand.

      AvatarFinder
      ShirleySeptember 25, 2015Finder

      Hi Nops,

      Thanks for your question.

      Please note that to open an account with ANZ in Australia as a first-time customer, you’re required to present valid ID at a local branch.

      An alternative you may want to consider is to approach an ANZ branch in New Zealand and requesting that they open an Australian bank account for you using their brand relationship.

      Another alternative could be to use a multi-currency account issued in New Zealand.

      Cheers,
      Shirley

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