SmartyPig - Accounts

SmartyPig

Looking for an easy, goal-oriented savings account? Then SmartyPig¹ could be for you. Simply set your goal and you can watch your piggy bank fill up. You can even invite family and friends to contribute and receive value boosts from top retailers when you reach your savings goal.

Whether you’re saving for a big-ticket item, such as a car, luxury holiday or to simply go on a shopping spree, a SmartyPig Account can be the clever way to save.

Benefits

Eligibility

Rates and charges

Make your money work harder with a competitive interest rate
Rewards – you could receive value boosts from top retailers when you reach your savings goal, which could be perfect for that shopping spree
It's social – let your family and friends contribute to your savings goal and make saving team effort
Make every dollar work for you with no monthly account service fee.

To open a SmartyPig account, you must:

be 16 years old or over
be an Australian resident living in Australia or an Australian tax resident
have at least one personal transaction account with an Australian Financial Institution (must have valid BSB and account number to which your SmartyPig Account will need to be linked )
nominate your savings goal within 14 days of setting up your Smartypig Account.

Your SmartyPig Account cannot be held jointly with one or more persons or held in trust.

Interest rates

The following interest rate applies to SmartyPig Accounts.

Amount	Interest rate
Interest rate on balances²	Find out rate variable and subject to change

Interest on the SmartyPig Account is calculated daily and paid quarterly.

Fees and charges

Monthly account service fee

Minimum balance

$10 initial deposit

Funds transfer

Minimum $10 per month
Maximum $10,000 per month

Saving goal

Minimum $250
Maximum $100,000³

Additional fees

$2.50 per page if you require a paper periodic statement, issued every 6 months. Interim paper statements can be requested on an ad-hoc basis at a cost of $25 per statement. The cost of a paper statement will be debited to the Account to which the statement relates.

Unsure if SmartyPig is right for you?

For more information visit the SmartyPig website or compare all ANZ accounts to see which one could suit your needs.

SmartyPig is covered by the Australian Government Deposit Guarantee Scheme⁴.

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

1. The SmartyPig account is a deposit product offered by Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. ANZ is trading as “SmartyPig”. “SmartyPig is a Trademark of SmartyPig LLC, which is licensed to ANZ.

2. Interest rate is variable and subject to change.

3. $100,000 is the combined maximum allowable across your SmartyPig Accounts.

4. 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% p.a. 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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