SmartyPig®

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SmartyPig® – a savings goal bank account

Looking for an easy, goal oriented savings account? Then SmartyPig®1 could be for you. Simply set your savings goal and you can watch your piggy bank fill up. You can invite family and friends to contribute to your account and you could 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, SmartyPig® can be the smart way to save.

  • Make your money work harder and earn interest on your savings
  • 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 account and make saving a team effort
  • Make every dollar work for you with no monthly account service fee.

To open a SmartyPig® account, you must:

  • be 12 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
$0
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.

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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 Registered 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. 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.

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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