ANZ Progress Saver | Review & Compare Savings Accounts

Summary
Features & Fees
Similar
About

Maximum rate

1.95%*

Base rate

0.01%

Max. monthly interest

$9.75

Total interest earned

Ongoing fee

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

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Initial deposit

Monthly deposit

Period

months

Pros and Cons

Pros:

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

Cons:

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Features

Maximum rate	Maximum rate 1.95%*
Base rate	Base rate 0.01%
Is online only	Is online only
Has atm access	Has atm access
Has eftpos facility	Has eftpos facility
Has phone facility	Has phone facility
Has branch access	Has branch access
Minimum age restrictions	Minimum age restrictions
Maximum age restrictions	Maximum age restrictions
Minimum opening deposit	Minimum opening deposit $10
Minimum amount	Minimum amount $10
Maximum amount	Maximum amount $99,999,999
Linked account required	Linked account required

Maximum rate	Maximum rate 1.95%*
Base rate	Base rate 0.01%
Is online only	Is online only
Has atm access	Has atm access

Has eftpos facility	Has eftpos facility
Has phone facility	Has phone facility
Has branch access	Has branch access
Minimum age restrictions	Minimum age restrictions
Maximum age restrictions	Maximum age restrictions
Minimum opening deposit	Minimum opening deposit $10
Minimum amount	Minimum amount $10
Maximum amount	Maximum amount $99,999,999
Linked account required	Linked account required

Fees

Atm withdrawal fee	Atm withdrawal fee $1
Account keeping fees	Account keeping fees $0
Internet transaction fee	Internet transaction fee $0
Phone transaction fee	Phone transaction fee $1
Eftpos fee	Eftpos fee $1
Overseas eftpos fee	Overseas eftpos fee $5
Over the counter deposit fee	Over the counter deposit fee $0
Over the counter withdrawal fee	Over the counter withdrawal fee $3

Atm withdrawal fee	Atm withdrawal fee $1
Account keeping fees	Account keeping fees $0
Internet transaction fee	Internet transaction fee $0
Phone transaction fee	Phone transaction fee $1

Eftpos fee	Eftpos fee $1
Overseas eftpos fee	Overseas eftpos fee $5
Over the counter deposit fee	Over the counter deposit fee $0
Over the counter withdrawal fee	Over the counter withdrawal fee $3

Other Benefits

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Compare and review savings accounts with similar features

Online Saver

Maximum rate*

Base rate

1.95%

Intro 3 months then 0.15%

0.15%

Has no ongoing fees
Has no minimum balances

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Online Saver

Maximum rate*

Base rate

2.40%

Intro 4 months then 1.10%

1.10%

Has no ongoing fees
Has no minimum balances

Compare

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Serious Saver Account

Maximum rate*

Base rate

2.60%

Intro 4 months then 0.70%

0.70%

*Make no withdrawals during the month

Has branch access
Has no ongoing fees
Has no minimum balances

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Flexi Saver

*Ensure that on the last business day of the month, your closing balance is at least $300 higher (excluding interest) than the opening balance on the first business day of that month

Has branch access
Has no ongoing fees
Has no minimum balances

Compare

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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.

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