ANZ Progress Saver | Review & Compare Savings Accounts

Summary
Features & fees
Similar
About

Maximum rate

1.00%*

Base rate

0.01%

Maximum monthly interest

Total interest earned

$105.4

Ongoing fee

*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 1.00%*	Has eftpos facility
Base rate 0.01%	Has phone facility
Ultimate withdrawal	Has branch access
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	Minimum monthly deposit $10

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

Other Benefits

One fee-free transaction per calendar month. Other charges may apply after the first ANZ transaction ($2.50 per staff assisted transaction, $1.00 per electronic transaction). However, when a customer makes a withdrawal, bonus interest will not be paid for the month.

Compare and review savings accounts with similar features

Fast Track Savings Account

Gold Award Winner 2020

Maximum rate

Base rate

1.85%*

0.20%

*Receive bonus interest when you deposit $1000 into a linked Day2Day account from an external account and make 5 eligible transactions per month. Available on balances up to $250,000.

Has no ongoing fees
Has no minimum balances

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Online Saver

Maximum rate

Base rate

2.05%

Intro 4 months then 0.35%

0.35%

Has no ongoing fees
Has no minimum balances

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Serious Saver Account

Maximum rate

Base rate

2.10%*

Intro 4 months then 0.15%

0.15%

*Make no withdrawals during the month

Has branch access
Has no ongoing fees
Has no minimum balances

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High Interest Savings Account

Maximum rate

Base rate

2.25%*

Intro 4 months then 0.80%

0.80%

*Bonus introductory variable rate for the first 4 months (on balances up to $250,000). Interest paid monthly.

Has no ongoing fees
Has no minimum balances

Go to site

ANZ offers two main savings accounts. The Online Saver account provides easy online access to your savings, as well as a higher bonus interest rate for the first three months. The Progress Saver account can help you save towards a goal by offering a higher bonus interest rate each month you deposit at least $10 and make no withdrawals.

ANZ also has a children’s savings account called Progress Saver for Kids, as well as a retirement savings option called Pensioner Advantage. None of these accounts charge a monthly account-keeping fee.

ANZ also offers home loans, personal loans, car loans, credit cards, insurance, investment services and superannuation.

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