ANZ Business Online Saver
Give your business capital the chance to grow in an online account with a competitive interest rate and no fees.
The ANZ Business Online Saver pays interest on your balance and charges no monthly account keeping fees. Balances above $5,000 will earn 0.01% interest.
Maximum variable rate
Base interest rate
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This accounts makes managing your excess business capital easy while giving it a chance to grow when you don’t need it.
Max interest rate of 0.01%
New customers who open an account online will earn the maximum interest rate of 0.01% when your balance is at least $5,000. Balances below this amount will not earn any interest.
No account keeping fees
ANZ charges no monthly account keeping fees for this account.
No transaction fees
Your account will not be charged any fees for making deposits or withdrawals from the Business Online Saver to your linked ANZ transaction account.
Interest calculated daily
Interest is calculated daily on the balance and deposited into the account on the last business day of each month.
This is an online account where you can access and transfer your money online or over the phone at any time of the day or night, any day of the week.
You will need to have an ANZ business transaction account in order to move your savings in and out of the Business Online Saver. There could be fees and charges with that account which you should also compare before making your final choice.
Easily view your balance
You can view your savings balance by logging in to any ANZ ATM through your linked transaction account.
How to applyIf you like the features and benefits that the Business Online Saver offers and believe it is a good fit for your business needs, you can start an online application.
You should check first to ensure that you and your business meet ANZ's eligibility requirements first:
- Use of account. This product is available for an Australian business only. ANZ does offer separate online savings accounts for personal use.
- Residency requirements. Applicants must be permanent residents of Australia, and the business must be operating inside of Australia with all supporting documentation.
- Depository requirements. There's no minimum balance requirement to open this account.
Certain documentation will also be necessary in order for ANZ to be able to complete your request for a business savings account:
- Tax file number. Your Australian tax file number (TFN) or exemption code will help to ensure that ANZ is withholding the correct amount of tax on your interest earnings.
- Identification. If you are not already an existing ANZ customer they will need to verify your identity with a photo identification document and other paperwork. The same applies for any joint applicants you may have.
- Business number. You will be asked to provide your Australian Business Number (ABN) in order for the application to be processed.
What happens after I submit my application?
You will be notified immediately of the receipt of your application along with a reference number that can help you to track it. If ANZ needs further proof of your identity they may ask that you visit a local branch with other documentation. Once your application has been approved, you will be given the details through an email.