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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 Pacific Savings Account:

  New rate Change
Base interest rate 0.05% p.a. -0.20% p.a.
Bonus interest rate* 0.50% p.a. No change

*Bonus interest is earned when you make no withdrawals and deposit $50 or more (not including credit interest) on or before the last business day of the month, and have a minimum balance of $50.

ANZ Priority Cash Management Account:

Amount New rate Change
$0 - $4,999.99 0.20% p.a. -0.50% p.a.
$5,000 - $9,999.99 0.75% p.a. -0.50% p.a.
$10,000 - $14,999.99 0.75% p.a. -0.50% p.a.
$15,000+ 1.00% p.a. -0.50% p.a.

ANZ Term Deposits:

Term New rate Change
1 month 0.05% p.a. -0.20% p.a.
3 months 0.75% p.a. -0.50% p.a.
6 months 1.05% p.a. -0.50% p.a.
12 months 1.25% p.a. -0.50% p.a.
24 months 1.50% p.a. -0.50% p.a.

Current Account:

  New rate Change
  1.60% p.a. -0.50% p.a.

 

These changes will be reflected on our website (anz.com/tonga) 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 Card offering

From 1 April 2020, ANZ Tonga will no longer offer or renew ANZ International Access Cards.

If you currently have an ANZ International Access Card, you will be able to continue to use this until its expiry date, after which the card will no longer work. You will then be able to choose between the following cards:

  • the ANZ Visa Debit Card, which can be used both locally and overseas*, or
  • the ANZ Access Card, which can only be used locally.*

You may also cancel your ANZ International Access Card immediately and choose one of the above cards now.

From 1 April 2020, only the above cards will be offered to customers.

For more information about these changes or on what to do if you would like an ANZ Card, please:

  • visit our website atanz.com/tonga;
  • talk to a member of staff by contacting us on 20500 during business hours; or
  • visit any ANZ branch.

The ANZ Visa Debit Card Products Terms and Conditions, the ANZ Savings and Transaction Products Terms and Conditions and the ANZ Visa Debit Card Fees and Charges brochure are available on our website or from any ANZ branch. You can obtain a copy of the ANZ Fees and Charges brochure from any ANZ branch.

* Terms and conditions apply.