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Changes to ANZ rates, fees and agreements

Changes to ANZ account and deposit interest rates effective 1 June 2020

We’re reducing the interest rates on the following ANZ deposits and accounts effective Monday 1 June 2020. See below for a summary of the changes.

ANZ Priority Cash Management Account:

Amount New rate Change
$0 - $24,999.99 0.05% p.a. No change
$25,000 - $49,999.99 0.05% p.a. No change
$50,000 - $99,999.99 0.05% p.a. No change
$100,000 0.05% p.a. -0.05% p.a.

ANZ Term Deposits:

Term New rate Change
1 month 0.05% p.a. No change
2 months 0.05% p.a. No change
3 months 0.05% p.a. -0.15% p.a.
6 months 0.05% p.a. -0.15% p.a.
12 months 0.10% p.a. -0.30% p.a.
24 months 0.10% p.a. -0.30% p.a.

Other accounts:

Account type New rate Change
Current Account Bearing Interest Please contact your usual ANZ contact for information on the exact rate applicable to your account. The interest rate on your account could be reduced by up to -0.50% p.a.
Call Account Please contact your usual ANZ contact for information on the exact rate applicable to your account. The interest rate on your account could be reduced by up to -0.20% p.a.

 

These changes will be reflected on our website (anz.com/solomonislands) from 1 June 2020. All interest rates are subject to change. Interest rate reductions apply to local currency deposits only. All interest rates are advised on a per annum basis (p.a.). ANZ terms and conditions and fees apply. For further information, please talk to one of our branch staff.

Changes to ANZ interest rates and the removal of the Loan Administration Charge

We're making changes to some of our interest rates on local currency loans. See below for a summary of the changes and effective dates.

ANZ Commercial and Business Variable Term Loans and Overdrafts

  Interest rate decrease Effective date for existing and new overdrafts and term loans
ANZ Commercial and Business Overdraft base rate 0.50%p.a. 6 April 2020
ANZ Commercial and Business Variable Term Loan base rate 0.50%p.a. 1 May 2020

ANZ Variable Home Loans

  Interest rate decrease Effective date for existing and new overdrafts and term loans
ANZ Variable Home Loan 0.50%p.a. 1 May 2020
ANZ Variable Residential Investment Property Loan* 0.50%p.a. 1 May 2020

*applies to Cook Islands, Fiji, Solomon Islands and Vanuatu where Variable Residential Investment Property Loans are offered.

ANZ Variable Personal Loans

  Interest rate decrease Effective date for existing and new overdrafts and term loans
ANZ Secured Variable Personal Loan 0.50%p.a. 1 May 2020
ANZ Unsecured Variable Personal Loan 0.50%p.a. 1 May 2020
ANZ Variable Car Loan** 0.50%p.a. 1 May 2020
ANZ Rural Bank Micro Loan** 0.50%p.a. 1 May 2020
ANZ Partially Secured Variable Loan*** 0.50%p.a. 1 May 2020

**applies to Fiji only

***applies to Cook Islands only

Removal of Loan Administration Charge for all term loans

  • We are removing the monthly Loan Administration Charge for term loans for both Retail and Commercial customers (effective 1 May 2020).

Interest rates are subject to change. Interest rate reductions apply to local currency loans only. All interest rates are advised on a per annum basis (p.a.). Our lending criteria, terms, conditions and fees apply.

Changes to the ANZ Trade Terms

On 1 September 2019, we’re making some changes to the ANZ Trade Terms to improve the way we interact with you and improve your experience in dealing with ANZ.  The changes we have made to the Trade terms:

1. Make it clearer in regards to:

  • rights and obligations relating to various products covered by the Trade Terms;
  • the scope of the indemnity provisions;
  • when overdue fees are compounded;
  • how dishonour interest is calculated;
  • the scope of ANZ and your liability for indirect losses suffered by the other party; and
  • the circumstances when we may make changes to the Trade Terms, how much notice we will give you and how we may do this using options such via the ANZ website and e-mail.

2. Include changes needed to strengthen our anti-money laundering and counter-terrorism compliance.

A copy of the Trade Terms can be found here.