ANZ Progress Saver

You could make the most of your savings with ANZ Progress Saver. Whether you are saving for a special goal or setting up a child's first bank account, ANZ Progress Saver could help you. Be rewarded with bonus interest calculated daily and paid monthly when you make a single deposit of $10 or more in a month and no withdrawals or debits in that month¹.

Saving can be challenging, and a disciplined savings plan could make all the difference. With bonus interest¹ payable on your savings and no monthly account service fee, ANZ Progress Saver could help you on the way to achieving your savings goals.

Amount	Interest rate4
Bonus variable interest rate	0.01% p.a. + (View current rates) (Base rate + Bonus rate)

Eligibility

Benefits

Rates and charges

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.

• Reward yourself for saving with bonus interest calculated daily and paid monthly when you make a single 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 ANZ branches.
• 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.
• Teach children good savings habits and how to manage their bank account.
• Receive one free ANZ Transaction as defined in the ANZ Personal Banking Account Fees and Charges (PDF 388kB) 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). A withdrawal will prevent you from qualifying for bonus interest in that month.

 

Interest rates

Interest rates shown below only apply to ANZ Progress Saver.

Amount	Interest rate4
Bonus variable interest rate	0.01% p.a. + (View current rates) (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 388kB) booklet² (remember, a withdrawal will prevent you from qualifying for bonus interest in that month)

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 388kB) or ANZ Personal Banking General Fees and Charges (PDF 416kB).

Is ANZ Progress Saver is right for you?

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

Don't want to apply online?

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

 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 444kB) booklet.

3. Deposit accounts with ANZ are guaranteed by the Federal Government without charge. From 1 February 2012, deposits other than certain term deposits will be guaranteed to $250,000. The guarantee applies to the total balance held in one or more ANZ deposit accounts by each legal entity, subject to the applicable limit. For further information please refer to the Financial Claims Scheme.

4. Rate is current as at Wednesday, 17 August 2011 and is subject to change. Fees and charges apply.

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 Terms and Conditions and the Financial Services Guide (PDF 104kB) before acquiring the product.

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