ANZ Progress Saver | Review & Compare Savings Accounts

*You could get bonus interest when you make a single deposit of $10 or more in a month and no withdrawals.

Pros and Cons

Pros

Has branch access
Has ATM access
Has EFTPOS facility
Has no ongoing fees

Cons

Must satisfy conditions

Features

Maximum rate 1.60%*	Has eftpos facility
Base rate 0.01%	Has phone facility
Ultimate withdrawalThis is Ultimate Withdrawal	Has branch access
Joint application availableThis is Joint Application Available	Minimum age restrictions 12
Is online only	Maximum age restrictions
Minimum opening deposit $0	Has atm access
Minimum amount $10	Maximum amount $99,999,999
Linked account required

Fees

Atm withdrawal fee $0	Eftpos fee $0
Account keeping fees $0	Overseas eftpos fee $0
Internet transaction fee $0	Over the counter deposit fee $0
Phone transaction fee $0	Over the counter withdrawal fee $2.5

Compare and review savings accounts with similar features

Online Saver

1.60%

Intro 3 months then 0.10%

0.10%

Has no ongoing fees
Has no minimum balances

Online Savings Account

*To receive bonus interest open an Online Savings Account and a ME Everyday Transaction Account and Tap & go™ at least four times a month and you could get bonus interest on savings balances up to $250,000.

2.05%*

0.35%

Has no ongoing fees
Has no minimum balances

Growth Saver Account

*Grow your net balance by $200 or more (excluding interest) and make no more than one withdrawal during the month

1.95%*

0.20%

Has branch access
Has ATM access
Has no ongoing fees
Has no minimum balances

TeleNet Saver

2.00%

Intro 4 months then 0.25%

0.25%

Has no ongoing fees
Has no minimum balances

ANZ offers two standard savings accounts – Online Saver and Progress Saver. It also offers a children’s product called Progress Saver for Kids. None of the accounts charges a monthly account-keeping fee. ANZ also offers a cash management account, as well as home loans, personal loans, car loans, credit cards, insurance, investment services and superannuation. ANZ, which is one of Australia’s big four banks, began life in 1835 as the Bank of Australasia. It also has operations in New Zealand, Asia, Europe, America and the Middle East.