ANZ Online Saver

ANZ Online Saver

Maximum Variable Rate


Standard Variable Rate


Take advantage of monthly interest and at-call access to your savings.

  • Introductory rate of 2.55% p.a. for 3 months, reverting to 0.50% p.a.
  • Available on the entire balance
  • $0 account keeping fee
  • Link to an ANZ Everyday transaction account

Product details

One of the big four banks, ANZ has been helping Aussies with their savings needs for 180 years. The Online Saver offers an introductory bonus rate of 2.55% p.a. for the first 3 months. If you already hold an ANZ bank account and looking for somewhere to temporarily park your funds, this could be an account worth reading about.

Remember to check if your interest rate is still competitive after the introductory period.

Product Name
ANZ Online Saver
Maximum Variable Rate
2.55% p.a.
Standard Variable Rate
0.50% p.a.
Bonus Variable Rate
2.05% p.a.
Introductory / Bonus Offer Conditions
The bonus rate offer is only available to new ANZ Online Saver customers who have not held an ANZ Online Saver account during the last 6 months and apply online. After 3 months the rate reverts to the standard variable rate
Monthly Fee
Minimum Opening Deposit
Introductory Interest Period
3 month(s)
Internet Banking
Internet Transaction Fee
Phone Banking
Phone Transaction Fee
Joint application?
Minimum Age Requirement
Maximum Age Requirement
No Maximum Age
Covered by Government Guarantee?
Yes (Up to $250,000 per person, per institution)

What are the features of the ANZ Online Saver Account?

There are plenty of reasons to think about the ANZ Online Saver if you have big plans for the future. When comparing other savings accounts with this one, you should keep the following features in mind:

Bonus interest of 2.55% p.a. for the first 3 months

New customers are given a bonus rate on top of the variable standard interest rate, just for opening the Online Saver account. This introductory interest rate lasts for 3 months before it will revert back to the standard interest rate. The bonus rate offer is only available to new ANZ Online Saver customers who have not held an ANZ Online Saver account during the last 6 months and apply online. The maximum variable rate is also not available to beneficiaries for an ANZ Online Saver account held on trust within the past 6 months.

Standard interest rate of 0.50%

After the introductory period, the rate will revert to the standard variable rate.

Online accessibility

You can transfer funds in and out of your savings account easily by logging into your account and making the transfer. You can use ANZ internet banking, phone banking or the ANZ App to log into your savings account whenever you need to.

Linked bank account

You can only link this account with an ANZ Everyday transaction account. This account can only be linked to: the ANZ Access Advantage, ANZ Access Select, ANZ Access Basic, ANZ Pensioner Advantage, ANZ Progress Saver, ANZ V2 PLUS, ANZ Premium Cash Management Account and ANZ Everyday Visa Debit. Please note that fees could apply to these accounts and these cards all come with linked debit cards.

Direct debits

The ANZ Online Saver account can support direct debits, but cannot support periodical transfers.

$0 fees

The ANZ Online Saver carries no monthly service fees.

No minimum balance

With an ANZ Online Saver you are not required to maintain a monthly minimum balance.

How is my interest calculated?

Your interest will be calculated daily and deposited into your account at the beginning of the following month. It is a variable interest rate, so will most likely move alongside the RBA cash rate.

Easy-to-use app

With a 4 digit pin to log in, you can access your ANZ online saver from an iPhone or Android mobile phone. The ANZ App offers fingerprint login, and allows you to check your balance and transfer money between accounts as well as pay bills on the go.

Transfer instantly between ANZ accounts

You can transfer funds instantly between your ANZ Everyday account and your ANZ Online Saver account, so you hav the convenience of accessing larger amounts of money in real time should you ever need to. Just remember, while you be able to access the money in real time, it may still take up to 3 business days for the funds to clear to an external account.

Protected by the Government Guarantee

The ANZ Online Saver is protected by the Australian Government guarantee scheme, securing that your deposits of up to $250,000 are safe.

Launch savings calculator


  • Introductory rate of 2.55% p.a. for first 3 months
  • $0 Account keeping fees
  • Interest rate is available on the entire balance


  • Interest rate drops to 0.50% p.a. after the introductory period
  • Must link to an ANZ Everyday transaction account

How do I apply for the ANZ Online Saver?

If the ANZ Online Saver has all you need in a savings account, you can click ‘Go to Site’ and be taken to a secure application page.

Eligibility to apply online

There are some eligibility requirements you should make sure you can meet before proceeding to the application:

  • Minimum age. Applicants for the ANZ Online Saver must be at least 12 years old.
  • Residency requirements. Only Australian residents with a valid Australian address can open an ANZ Online Saver.
  • Depository requirements. There is no minimum deposit requirement, but you will have to provide account information for an ANZ transaction account in order to transfer money.

Documentation to apply online

When filling out the application you are going to need information from the following documentation:

  • Tax file number. Depending on your circumstance and the amount of interest earned, you could be required to pay taxes to the Australian government. Providing your tax file number ensures that the correct taxes are applied.
  • Identification. All Australian banks require that you are able to verify your identity using a valid driver’s licence, passport or other documentation such as a utility bill.
  • Transaction account. Be sure that you have your transaction account information ready in order to be able to link the accounts.

What happens after I complete the application?

Completing the application should take about ten minutes after which it will be processed through ANZ who will set up your savings account within two business days.

What if I'm a non-resident or not eligible to apply online?

If you're currently overseas but planning to migrate to Australia, you can open an ANZ online saver before you arrive. If you're not eligible to apply online or if none of the above situations apply to you, please visit your local ANZ branch to apply.

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20 Responses

  1. Default Gravatar
    AneetaJanuary 16, 2017

    I am an ANZ customer and I want to save money for holiday like $25 per week.

    Which account is the best for this type of option

    • finder Customer Care
      MayJanuary 16, 2017Staff

      Hi Aneeta,

      Thank you for your inquiry.

      Basically, you can go with a savings account for that purpose. If you’ve already decided to go with ANZ Online Saver, you may open an account by clicking the green “Open” button above.

      Meanwhile, you can also check your other online savings account options on this page. You can use the calculator above the table on that page to calculate your approximate interest earnings by indicating your initial and monthly deposits as well as term/period of investment.


  2. Default Gravatar
    MichaelDecember 21, 2016

    Please advise if this account is available to business customers

    • finder Customer Care
      LouDecember 21, 2016Staff

      Hi Michael,

      Thanks for your question.

      The ANZ Online Saver Account is for individuals only.

      Please check this page to compare business savings account.


  3. Default Gravatar
    SarahAugust 31, 2016

    Can I renew the online saver after three months and receive the bonus interest rate again?

    • finder Customer Care
      LouAugust 31, 2016Staff

      Hi Sarah,

      Thanks for your question.

      Unfortunately, that is not possible. The bonus interest rate offer is only available to new ANZ Online Saver customers who:

      – Have not held an ANZ Online Saver account during the last 6 months
      – Have submitted an application online.

      After 3 months, the interest rate will revert to the standard variable rate.


  4. Default Gravatar
    BevAugust 29, 2016

    My current online saver account is due to expire next week. What is the interest rate if I renew again seeing I am not a new customer?

    • finder Customer Care
      ClarizzaAugust 29, 2016Staff

      Hi Bev,

      Thanks for your question. The interest rate should revert to the base rate. For the ANZ Online Saver, the standard rate is 1.55% p.a.


  5. Default Gravatar
    HwaiMay 23, 2016

    If a person opens a new savers account, they receive the bonus interest of 2.9%. Then after 3 months it goes down to 1.55%. What happens if the person closes that account after 3 months and then re-opens a new savers account 6 months later. Does that person receive the 2.9% bonus again?

    January – person opens new savers account and receives 2.9% bonus interest rate.
    April – 3 months later, savers account drops to 1.55%, person closes the savers account and transfers the money to access account in ANZ.
    October – opens a new savers account which is 6 months from April. What will be the interest rate at this time? Will it be 1.55% or 2.9% if that bonus rate is still available?

    • Default Gravatar
      RossApril 26, 2017

      If I transfer funds from my Online Saver to my Everyday Account for the purpose of obtaining a Bank Cheque to buy a car, can the Bank Chq be drawn immediately or is there a period of to wait till the funds clear

    • finder Customer Care
      HaroldApril 26, 2017Staff

      Hi Ross,

      Thank you for your inquiry.

      You can transfer instantly between the ANZ online saver and the ANZ everyday account. So you can write a cheque for the car dealer in real time but it might take up to 3 days to process the cheque on the dealer’s end.

      I hope this information has helped.


    • finder Customer Care
      ShirleyMay 24, 2016Staff

      Hi Hwai,

      Thanks for your question.

      Please note that the interest rate on the ANZ online saver is variable. Should you open another ANZ online saver account in October, you’ll receive whatever the bonus rate is at the time.

      Hope this helps.

  6. Default Gravatar
    TonyMarch 17, 2016

    Is there a maximum balance the bonus interest applies to?

    • finder Customer Care
      ShirleyMarch 17, 2016Staff

      Hi Tony,

      Thanks for your question.

      The bonus rate applies to the entire balance.

  7. Default Gravatar
    KarlMarch 13, 2016

    Hi Shirley,

    Re: your comments “Unfortunately you can’t withdraw money from your ANZ online Saver account via electronic direct debit or periodical payment”

    I presume this has changed as explain on the ANZ website and have already been introduced? ANZ advised below as read on 13-03-16

    Accessibility. Linked to your ANZ Everyday Account, moving money in and out of your savings account is as easy as logging into your account and making the transfer.

    • finder Customer Care
      ShirleyMarch 14, 2016Staff

      Hi Karl,

      Thanks for your question.

      Please note at the content on this page have been written by the staff of, not ANZ.

      What that section is saying is that if you’d like to access your ANZ online saver account, you need to do so via your linked bank account. For this reason, you won’t be able to set up electronic direct debit or periodical payments (you’ll need to do so via the linked bank account).

  8. Default Gravatar
    November 19, 2015

    I like to transfer fund , does ANZ Online Saver permit direct debit ? any limit applied?

    • finder Customer Care
      ShirleyNovember 19, 2015Staff

      Hi Tan,

      Thanks for your question.

      Unfortunately you can’t withdraw money from your ANZ online Saver account via electronic direct debit or periodical payment.


  9. Default Gravatar
    timSeptember 6, 2015

    what happen after the 3months interest period. do u keep getting interest on the money u got in the bank. what happens if I make a withdrawal from my account
    if I put $40 a month in this account how much interest would I make a year. what happens if I make a with drawl from this account do I get a bank card for this account

    • finder Customer Care
      ShirleySeptember 7, 2015Staff

      Hi Tim,

      Thanks for your question.

      After the introductory period, you’ll get the standard variable interest rate. If you make a withdrawal, the interest is calculated based on the balance you have in account.

      You’d get $2.72 in interest for the year. If you make a withdrawal the interest will be less. There is no debit card linked to this account.


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