ANZ Term Deposit

How do I apply for the ANZ Term Deposit online?

You must have an existing ANZ Everyday Account or Savings account in order to apply for a term deposit online. If you're not sure if a term deposit is the right choice for you, you can compare ANZ's range of high interest savings accounts instead.

Eligibility criteria:

• Minimum age. You must be at least 12 years of age or older for your application to be considered.
• Residency requirements. In order to be eligible for a term deposit from ANZ you must be an Australian resident with an Australian residential address.
• Depository requirements. You will have to be able to make a deposit of at least $5,000 for the account to be opened and begin earning interest.

Documentation needed for the application:

• Tax file number. As this is an interest earning account, providing ANZ with your tax file number (TFN) or TFN exemption code will help in making sure that the withholding tax on your earned interest is at the correct rate.
• Identification. An Australian driver’s licence or passport is required as an identifying document in order for your application to be processed. If you do not have either of these, ANZ can provide you with a list of other acceptable forms of identification.
• US citizens. If you are a United States resident or citizen, you will need to provide your tax identification number (TIN) or Social Security Number (SSN) as required by law.
• ANZ account. You need to have an ANZ savings or transaction account already active before applying for this account. When completing the application you will be asked for that account number. If you do not already have an account with ANZ, you will need to first apply for one.

What happens next?

Once your application has been reviewed and your initial deposit cleared, ANZ will provide you with the details for your new term deposit account.

• 
  Currently I am holding a term deposit account that will be mature soon. Can I negotiate my rates at other ANZ branches instead of going to my original ANZ branches where I opened my account?
  
  
  
  
  
  

  I would recommend contacting ANZ directly to discuss your term deposit account and negotiation of rates.

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  What is interest rates for term deposits over 100.000 at ANZ Australia?
  
  
  
  
  
  

  Please refer to this page for the latest on ANZ term deposit rates.

• 
  Can I open an online saving account at a Citibank branch in Melbourne. If so where?
  
  
  
  
  
  

  If you’d like to apply for the Citibank online saver account, you can visit your nearest branch. To locate a branch in Melbourne, you can use the ‘Find my Citi’ application on the Citibank website and search using your suburb or postcode.

• 
  Can I open two separate Citibank Online Saver Accounts linked to the same Citibank account offset account ?
  
  
  
  
  
  

  Generally, you can only use one linked account at a given time from an Australian financial institution. You can change this linked account at any time, but normally you can only have one linked account.

• 
  I have $600,000 to invest for three to four months before buying a house. What is the best place to lodge it to earn maximum interest please?
  
  
  
  
  
  

  Unfortunately as we’re a comparison service we’re not able to provide personal advice on where to lodge your funds to earn the maximum interest on your savings. I would recommend contacting a financial advisor to find out the best type of account or investment to earn maximum interest.

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  What are the ATM fees and which ATM’s should be used?
  
  
  
  
  
  

  Please be mindful that you don’t have ATM access to this account. You’ll need to link this to an Australia bank account and access the funds through there.

• 
  I have $490,000.00 available to deposit for 4 months. Please advise what interest rate is available for this term.
  
  
  
  
  
  

  At the time of writing, the interest rate for this account is 4.00%p.a. for four months on balances up to $499,999.99. For balances above $500,000, the rate at the current time of writing is 2.90%p.a. for four months.

• 
  What is the BSB number for Citibank , required for transfer of funds from linked account to online (citibank) account ?
  
  
  
  
  
  

  The BSB number for Citibank Australia is 242 200.

• 
  Can I directly transfer money from my online savers account to another international citibank account? What is the maximum amount that is allowed per day? Are there any fees for the transaction?
  
  
  
  
  
  

  You can’t directly transfer money from your online savers account to another international Citibank account. You’ll need to transfer the funds first into your linked Australian bank account, and then transfer the funds again from there.

  Generally the limit is $10,000, but you can change this by contacting Citibank, or changing your account settings online. The fees and charges will ultimately depend on which transaction account you’re transferring from.