ANZ Term Deposits offer the certainty of an interest rate that’s fixed for the duration of the investment term. If you’re looking for a sound investment where you can earn a competitive interest rate, and you don’t need your funds on call, then an ANZ Term Deposit could be right for you.
For terms less than 12 months, interest is paid at maturity. For terms of 12 months of more, you can have you interest paid:
monthly;
quarterly;
six monthly; or
annually.
At the time of maturity, you can:
add money to your deposit and reinvest;
withdraw part of your funds and reinvest the balance;
withdraw the entire amount; or
reinvest for the same or a different term.
You need to give us your instruction before your current ANZ Term Deposit matures. Changes to the investment amount must be at least $500 and the balance must not fall below $5,000.
Withdrawals
If you need to withdraw part or all of your deposit before maturity, you’ll need to ask for ANZ’s consent and will have to pay a penalty fee. The minimum amount you can withdraw is $500 and the remaining balance of your deposit must not fall below $5,000.
Flexibility
If you need your money on a particular date, we can tailor the term to suit you when you apply for your ANZ Term deposit.
Additional features
If you’re registered for ANZ Phone Direct you can open an ANZ Term Deposit over the phone, make enquiries, obtain up-to-date information and give renewal instructions. If you’re registered for ANZ Internet Banking you can apply for, maintain and close your ANZ Term Deposits online.
Term Deposit calculator
To get an indication of how much you could earn on your investment with an ANZ Term Deposit, refer to our Term Deposit Calculator.
Full details of the terms, conditions and fees for all ANZ products and a current investment statement for Term Deposits is available from any branch or agency of ANZ.
Flexible investment terms.
