We have committed to reach a further 14,000 Australians and help them to develop a savings habit through our matched savings program Saver Plus. The program helps people on lower incomes build their financial knowledge, establish a savings habit and save for their own or their children's education. Research tells us that Saver Plus establishes savings habits which continue well after participation in the program.
A new Saver Plus site in Ringwood, Victoria, was recently opened by Jenny Macklin, the Federal Minister for Families, Community Services and Indigenous Affairs. The launch was hosted by our community partner, Berry Street, and Ringwood will now link with 60 other Saver Plus sites and almost 500 ANZ branches across Australia to deliver the expansion of the program.
Saver Plus is funded by ANZ and the Australian Government and delivered through partnerships with the Brotherhood of St Laurence, The Smith Family, The Benevolent Society, Berry Street and other community organisations.