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ANZ Progress Saver - Accounts

ANZ Progress Saver

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With bonus interest1 payable on your savings and no monthly account service fee - you could be well on your way to achieving your savings goals.

The ANZ Progress Saver could also be a great introductory savings account for kids, helping to teach them the benefits of saving.

  • Reward yourself for saving with bonus interest calculated daily and paid monthly when you make one deposit of $10 or more in a month and no withdrawals or debits in that month1.
  • Make every dollar work harder for you with no monthly account service fee.
  • Deposit cash directly into your account through branches – could be great for teaching children good savings habits.
  • Track your saving progress with a savings graph on each statement.
  • Automatic savings plan – automatically transfer funds from your everyday account to your savings account each month.
  • Receive one free ANZ Transaction as defined in the ANZ Personal Banking Account fees and charges (PDF 324kB) booklet2 – and if you’re under 18, you won’t pay additional ANZ Transaction fees for certain additional ANZ Transactions including Staff Assisted Transactions and Electronic Transactions (for eligible customers).

To open an ANZ Progress Saver account online, you must:

  • be an Australian resident, with an Australian address - who can complete the ANZ Customer Identification Process in Australia upon opening the account or be an existing ANZ customer
  • open your account with a minimum $10 deposit.

If you would like to open an account for a child under 12, the account should be opened in the name of an adult in trust for the child.

The account must be used wholly and exclusively for private or domestic use.

Interest rates

Interest rates shown below only apply to ANZ Progress Saver.

Amount Interest rate
Bonus variable interest rate 0.01% p.a. + 3.00% p.a.
(Base rate + Bonus rate)

Interest on ANZ Progress Saver is calculated daily and paid monthly.

The ANZ Progress Saver account pays bonus interest in addition to the current base interest when you make a single deposit of $10 or more per month and make no withdrawals or debits in that same month. Month commences on account opening date.

Fees and charges

Monthly account service fee
$0
Minimum opening and ongoing balance
$10
Included ANZ Transactions per month
1 free ANZ Transaction as defined in the ANZ Personal Banking Account fees and charges (PDF 324kB) booklet2
Additional transaction fees
Staff assisted $2.50
Electronic $1.00
Internet banking free

For more information on fees download the ANZ Personal Banking Account fees and charges (PDF 324kB) or ANZ Personal Banking General Fees and Charges (PDF 148kB).

 

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Unsure if ANZ Progress Saver is right for you?

Compare all ANZ accounts to see which one suits your needs.

Don't want to apply online?

Telephone icon  Call 1800 008 177 from 8.00am to 8.00pm (AEST) Monday to Friday

Visit branch icon  Visit any ANZ branch

 

ANZ Progress Saver is covered by the Australian Government Deposit Guarantee scheme3.

Terms and conditions are available on application. Fees and charges apply.

1. The ANZ Progress Saver account pays bonus interest in addition to the current base interest when you make a single deposit of $10 or more per month and make no withdrawals or debits in that same month. Month commences on account opening date.

2. Additional ANZ Transactions charged as: Electronic Transactions $1.00 each and Staff Assisted Transactions $2.50 each. ANZ Transactions, Electronic Transactions and Staff Assisted Transactions are defined in the ANZ Personal Banking Account fees and charges (PDF 324kB) booklet.

3. 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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