Interest is calculated on the ledger balance of your account. The rate applied each day is equal to your annual percentage rate applicable at the time the account is opened, divided by 365 (366 in leap years). For advice on how frequently interest will be credited, refer to your Term Deposit Record Of Investment and the relevant ANZ terms and conditions.
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ANZ Term Deposits are a low risk investment that delivers a fixed rate of interest over a fixed investment term. If you need reliable income from your deposit and the assurance that your investment is secure and invested with a major bank, a Term Deposit could be for you.
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The interest rate is the percentage your deposit earns fixed for the term of the investment. You have the convenience to choose a term or a specific date of maturity to suit your needs with ANZ competitive interest rates.
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Yes, our Term Deposits have the ability to be broken early, however a penalty will apply. An administration fee of $30 will be charged and the money withdrawn early will incur an interest rate reduction based on the percentage of the original term that has elapsed. Refer to your Terms & Conditions and your Record of Investment for details as to the interest rate reductions that apply. For further details speak our Customer Service Centre on 13 13 14 or visit your nearest ANZ branch and speak to a Customer Service Officer.
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You can view current interest rates online or for negotiated rates please call us on 13 13 14 or visit your nearest ANZ branch.
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In most cases you can apply online for a Term Deposit. However, in certain cases you will need to visit a branch. You can open a Term Deposit at any ANZ branch.
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