ANZ Online Saver Interest Rates & Fees | Up to 0.35% p.a. | finder.com.au
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ANZ Online Saver Account

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

The ANZ Online Saver Account offers new account holders an introductory bonus rate of 0.35% p.a. for the first 3 months after opening the account.

0.35% p.a.

Maximum variable rate

0.05%p.a.

Base interest rate

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Details

Product NameANZ Online Saver
Maximum Variable Rate0.35% p.a.
Standard Variable Rate0.05%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age12

Expert review

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Review by

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

This account is suited for short-term savings goals.

Key features

Bonus interest of 0.35% 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.

Standard interest rate of 0.05%

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

Launch savings calculator

How to apply

Eligibility

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.

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24 Comments

    Default Gravatar
    Serdal
    June 17, 2019

    I’m a current ANZ customer. What is the best term and rate for term deposit or any other type of account?

    Reply
      Avatarfinder Customer Care
      Jeni
      June 18, 2019

      Hi Serdal,

      Thank you for getting in touch with Finder.

      If you consider having an ANZ term deposit account, I suggest that you get in touch with ANZ since you’re an existing customer as they may give you better options.

      If you’re still looking around, you can start comparing your term deposit options. Once you’ve chosen the bank to invest with, please click on the ‘Go to site’ button to be redirected to the bank’s website to start your online application.

      Please make sure that you’ve read the relevant T&Cs or PDS of the account to help consider whether the product is right for you.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

      Reply
    Default Gravatar
    Joe
    January 15, 2019

    I’m a current ANZ customer. Can I renew my online save account or not?

    Reply
      Avatarfinder Customer Care
      Charisse
      January 17, 2019

      Hi Joe,

      Thanks for reaching out to finder.

      Once you have an ANZ Online Saver account, there is no need to renew the account. The account will just continue to operate along side your other accounts until such time you decide to close or terminate the account.

      I hope this helps.

      Cheers,
      Charisse

      Reply
    Default Gravatar
    Aneeta
    January 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

    Reply
      Avatarfinder Customer Care
      May
      January 16, 2017

      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 featured on our website.

      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.

      Cheers,
      May

      Reply
    Default Gravatar
    Michael
    December 21, 2016

    Please advise if this account is available to business customers

    Reply
      Avatarfinder Customer Care
      Dee
      December 21, 2016

      Hi Michael,

      Thanks for your question.

      The ANZ Online Saver Account is for individuals only.

      You may want to compare business savings accounts featured on our website to explore your other options.

      Cheers,
      Anndy

      Reply
    Default Gravatar
    Sarah
    August 31, 2016

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

    Reply
      Avatarfinder Customer Care
      Dee
      August 31, 2016

      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.

      Cheers,
      Anndy

      Reply
    Default Gravatar
    Bev
    August 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?

    Reply
      Avatarfinder Customer Care
      Clarizza
      August 29, 2016

      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.

      Regards,
      Clarizza

      Reply
    Default Gravatar
    Hwai
    May 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?

    Reply
      Default Gravatar
      Ross
      April 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
      Thanks
      Ross

      Reply
      Avatarfinder Customer Care
      Harold
      April 26, 2017

      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.

      Cheers,
      Harold

      Reply
      Avatarfinder Customer Care
      Shirley
      May 24, 2016

      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.

      Reply
    Default Gravatar
    Tony
    March 17, 2016

    Is there a maximum balance the bonus interest applies to?

    Reply
      Avatarfinder Customer Care
      Shirley
      March 17, 2016

      Hi Tony,

      Thanks for your question.

      The bonus rate applies to the entire balance.

      Reply
    Default Gravatar
    Karl
    March 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.

    Reply
      Avatarfinder Customer Care
      Shirley
      March 14, 2016

      Hi Karl,

      Thanks for your question.

      Please note at the content on this page have been written by the staff of finder.com.au, 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).

      Reply
    Default Gravatar
    Tan
    November 19, 2015

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

    Reply
      Avatarfinder Customer Care
      Shirley
      November 19, 2015

      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.

      Cheers,
      Shirley

      Reply
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