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ANZ Business Notice Term Deposit

Last updated: Aug 24, 2020

This account offers fixed interest rates, so you can enjoy secure, guaranteed returns on your business funds.

The ANZ Business Notice Term Deposit offers fixed interest rates on a range of term lengths from one month to five years. Enjoy the security of guaranteed returns on your business deposit over $5,000

Up to 0.47% p.a.

Interest rate

60 months interest rate

$5,000

Minimum opening deposit

Account keeping fee

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Details

Product Name	ANZ Business Notice Term Deposit
3 month interest rate	0.30%
4 month interest rate	0.30%
6 month interest rate	0.30%
7 month interest rate	0.30%
9 month interest rate	0.30%
12 month interest rate	0.40%
24 month interest rate	0.42%
36 month interest rate	0.42%
48 month interest rate	0.42%
60 month interest rate	0.47%
Minimum Opening Deposit	$5,000
Minimum Age Requirement	18

The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

Minimum Age Requirement	18
Joint account availability	No
Min Deposit	$5,000
Available to children	Not available for children

Pros

Lots of term lengths available
Tiered interest rates
Flexible interest payment options

Cons

Must give 31 days’ notice to make a withdrawal
Minimum investment of $5,000

Alison Banney

Alison Banney is the banking and investments editor at Finder. She has written about finance for over seven years, with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business. She has previously worked at Westpac, and has written for several other major banks including BCU, Greater Bank and Gateway Credit Union. Alison has a Bachelor of Communications from Newcastle University, with a double major in Journalism and Public Relations. She has ASIC RG146 compliance certificates for Financial Advice, Securities and Managed Investments and Superannuation. Outside of Finder, you’ll likely find her somewhere near the ocean.

Key features

No fees

There are no set-up fees, service fees or monthly account-management fees.

Terms from one month to five years

Choose how long you'd like to invest your money, with terms from one month to five years available.

$5,000 minimum deposit

You are required to make a minimum deposit of $5,000 with this business term deposit account.

Tiered interest rates

This term deposit offers fixed interest rates, with rates differing depending on the term you opt for. Typically, the longer the term length, the higher the interest rate offered.

Choose how often you receive interest payments

Depending on your term length, you can choose to receive interest payments monthly, quarterly, half yearly, annually or at maturity.

Account maturity options

Ahead of your term deposit reaching maturity, you can either opt to have your funds reinvested into another ANZ Business Notice Term Deposit or to withdraw the funds. If you fail to make any choice, your deposit will be rolled over into a new term deposit for the same length of time.

Early withdrawal with 31 days' notice

If you need to make a withdrawal from the account, you'll need to provide ANZ with at least 31 days' notice. Fees may also apply for early withdrawals.

Account access

You can keep an eye on your deposit via ANZ Internet banking, phone banking or by checking in branch.

How to apply

Eligibility

To apply for this account, head to ANZ's site and fill in the inquiry form online. Before you do, make sure you meet the eligibility criteria below and have the following information ready:

Business use. This account is for Australian registered businesses only, not personal use.
Age requirements. You must be over 18 years of age to apply for this account.

Australian business. The business must be registered in Australia.

Documentation needed

Business details. You'll need to submit the full name of the business as well as some details about what industry the business operates in.
Contact information. By providing your contact information, an ANZ representative can get in touch with you to complete your application.

What happens after I submit my application?

Once you've submitted the online inquiry, an ANZ representative will contact you to complete your application and get your account opened.

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ANZ Business Notice Term Deposit