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ANZ First Home Saver Account - Accounts
ANZ First Home Saver Account
Buying your first home may be the single biggest purchase you’ll make in your lifetime, so make sure you make the right savings choices.
With low taxes and government contributions to boost your savings, the ANZ First Home Saver Account could be a tax effective way to save for your first home.
- Receive a variable interest rate
- No monthly account service fee
- Have the peace of mind that your money is covered under the Australian Government Guarantee Scheme1
- You could receive government contributions up to $850 each year to boost your savings when you contribute up to a total of $5000 per year.
Please note: Special restrictions apply on accessing funds. Please consider if this product is appropriate for you.
To open an ANZ First Home Saver Account, you must:
- be aged between 18 and 65
- have a tax file number (TFN)
- have never owned a home in Australia that you have lived in
- have never opened a First Home Saver Account – you can open another First Home Saver Account if you are transferring your savings from one First Home Saver Account to another.
Important information
Buying or building a home
Once you have met the eligibility criteria, use this form to withdraw the balance of your account to buy or build a home.
Turning 60
If you are 60 and over you are entitled to withdraw the balance of your account, regardless of whether you are purchasing a first home.
Transfer a First Home Saver Account to ANZ from another financial institution
Use this form to transfer your First Home Saver Account balance that is currently held with another institution, to ANZ. You will also need to complete an account opening form.
Transfer to superannuation
The balance of your ANZ First Home Saver Account can be transferred into superannuation at any time. A form is available for this purpose on the Government First Home Saver Account web site.
Family law obligation - transfer to superannuation
Use this form to transfer funds from an existing ANZ First Home Saver Account to Superannuation pursuant to a Family Law obligation.
If the receiving party does not already hold an ANZ First Home Saver Account, they can open one using the Account Opening form, and include it with this application.
Family law obligation - transfer to individual over 60
Use this form to transfer funds from an existing ANZ First Home Saver Account to an individual over the age of 60 pursuant to a Family Law obligation.
Family law obligation - transfer to ANZ First Home Saver Account
Use this form to transfer funds from an existing First Home Saver Account (ANZ or non-ANZ) to an ANZ First Home Saver Account pursuant to a Family Law obligation.
If the receiving party does not already hold an ANZ FHSA, they can open one using the Account Opening form, and include it with this application.
Interest rates
Interest rates shown below only apply to ANZ First Home Saver.
| Amount | Interest rate |
|---|---|
| Interest rate on all balances | Find out rate variable |
Interest on ANZ First Home Saver is calculated daily and paid monthly.
Fees and charges
Monthly account service fee
$0
Access your savings
To withdraw funds to purchase a home, the minimum of $1000 contribution over four separate financial years needs to have been made. Funds can be transferred into superannuation at any time.
A cooling off period of 14 days applies to this account – in this time you are entitled to close your ANZ First Home Saver Account and have the balance returned to you.
For further information on the ANZ First Home Saver Account download the ANZ First Home Saver Account product disclosure statement (PDF 380kB).
If you would like more information about how first home saver accounts work, eligibility, fees and taxes, you can also visit the Australian Taxation Office online.
To apply – download the ANZ First Home Saver Account application form (PDF 68kB).
For related ANZ First Home Saver forms view forms and brochures.
At ANZ we can also help you on the way to owning your home with a range of award-winning home loans to choose from. Use our home loan selector to match your needs with the appropriate loan and get pre-approval for your loan to start the buying process.
Need more help?
Call 1800 008 177 from 8.00am to 8.00pm (AEST) Monday to Friday
The ANZ First Home Saver Account is covered by the Australian Government Deposit Guarantee scheme1.
1. This is a deposit product offered by ANZ. Deposits with ANZ of up to and including A$1 million in aggregate will continue to be automatically guaranteed by the Federal Government without charge. The $1 million fee-free guarantee threshold is calculated on the total deposits held in one or multiple ANZ accounts by each ‘legal entity’. For deposits of more than A$1 million, we will offer customers the ability to opt-in to receive the benefit of the guarantee for a monthly fee of 0.7%pa. This is the fee we will be charged directly by the Federal Government as a AA rated bank. For information about what is a ‘legal entity’, please refer to the Federal Government Guarantee on Deposits fact sheet.
Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you.
ANZ recommends you read the Product Disclosure Statement and the Financial Services Guide (PDF 208kB) before acquiring the product.
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© Australia and New Zealand Banking Group Limited (ANZ) 2010 ABN 11 005 357 522. ANZ's colour blue is a trade mark of ANZ.