In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question
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ANZ Save Account

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ANZ Save Account
Maximum variable rate
5.00% p.a.
Base interest rate
0.5%p.a.

Our verdict

The ANZ Save account offers a rate of 5% p.a. as long as you grow your balance by $100 or more.

This is a simple, no-fuss savings account with a strong ongoing rate and a very simple requirement: grow your balance by $100 a month. You can also make withdrawals and still earn the full interest rate on the account balance.

The 5% p.a. interest rate is only slightly lower than other leading high interest savings accounts in the market at the moment, but most other savings accounts come with more complicated monthly conditions to meet.

Pros

  • Round up extra cents on eligible card transactions and send them to your savings
  • Set and track up to 99 savings goals
  • Easily track savings progress in the ANZ Plus app

Cons

  • You need to grow your balance by $100 or more to earn the bonus interest.

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name ANZ Save Account
Maximum Variable Rate 5.00% p.a.
Standard Variable Rate 0.50% p.a.
Monthly Account Fee $0
Minimum Age 15

Key features

Earn up to 5% p.a. on your savings

This savings account offers up to 5% p.a. on your ANZ Save balance as long as you grow your balance by $100 a month.

A multi-goal savings account that lets you earn interest, set and track up to 99 savings goals, all from the one app.

Linked ANZ Plus everyday account

The ANZ Plus app comes with 2 linked accounts: an everyday account and a savings account. The everyday account is your day-to-day account for spending and receiving payments, while your savings account pays interest on your balance to help you save. The everyday account currently does not earn interest.

You can move money between the 2 accounts easily and instantly in the app. You can't open these accounts separately, you'll get both when you download the ANZ Plus app.

No monthly account keeping fees

There are no monthly account keeping fees with the ANZ Plus account or the linked Save account, and no fees to download the app.

Set up multiple savings goals

You can set up multiple individual savings goals in the ANZ Plus app, and track your progress towards each one.

Launch savings calculator


How to apply

To create an account, download the ANZ Plus app and complete the account set up and verification process via the app.

  • Age. You must be 15 or older to open an ANZ Plus account
  • Residency. You must have an Australian residential address.

Compare other savings accounts

1 - 12 of 184
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Suncorp Bank Growth Saver Account
Suncorp Bank logo
Maximum Variable Rate p.a.
5.05%
Standard Variable Rate p.a.
0.35%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance by $200 each month (excl. interest)
  • Only 1 withdrawal
  • No balance limit on earning interest
Go to siteView details
Ubank High Interest Save Account
Ubank logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • Savings up to $100,000
Go to siteView details
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Rabobank PremiumSaver
Rabobank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
1.45%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance by $200+ each month
  • Balances up to $250,000
Go to siteView details
Macquarie Savings Account
Macquarie Bank logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
5.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
Newcastle Permanent Smart Saver Account
Newcastle Permanent logo
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance
  • No more than 2 withdrawals
Go to siteView details
ING Savings Maximiser
ING logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
  • Balances up to $100,000
Go to siteView details
Get 6 months free delivery and $50 Menulog credit with a new Orange Everyday & Savings Maximiser account. New ING customers only. Use code INGMENU1 and activate accounts by 24 Nov 2024. T&Cs apply.
IMB Reward Saver Account
IMB logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
  • Balances up to $1,000,000
Go to siteView details
Earn up to 3.25% p.a. after the introductory period ends.
First Option Bank Savings+Bonus Account
First Option Bank logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $100
  • No withdrawals
  • Balances up to $249,999
Go to siteView details
Newcastle Permanent Online Savings Account
Newcastle Permanent logo
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
1.00%
Intro/Ongoing
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Bankwest Easy Saver
Bankwest logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
4.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000.99
Go to siteView details
BCU Bonus Saver
BCU logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
1.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
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Alison Finder

Editor

Hi there, looking for more information? Ask us a question.

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Avatar

Sue

August 30, 2024

If I have an ANZ save account, what is the maximum daily withdrawal?


Avatar

Angus Kidman Finder

September 15, 2024

Hi Sue, The maximum daily cash withdrawal limit for ANZ Save is $2,500. If you’re transferring to the connected transaction account, there’s no limit to how much you can move – but you won’t earn interest once you’ve moved, so you’d likely only do that if you wanted to use the funds to pay for something specific. Hope this helps!


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JustinR

May 22, 2024

ANZ is stating that you can earn interest this way until 1st September 2024, after which additional criteria will apply that may affect how much interest you earn. Are you aware of what the additional criteria involves? The ANZ and ANZ Plus app does not specify the additional criteria.


Avatar

Sarah Megginson Finder

May 23, 2024

Hi Justin,


We haven’t been advised of these changes yet either, but we will update this page as soon as we’re able to. Watch this space! In the meantime if you want to look up other options for earning free money on your savings, check out these options.


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PeterK

January 28, 2024

Is this account available for companies?


Avatar

Jason Loewenthal Finder

February 02, 2024

Hi Peter,


This is a personal account. ANZ has different options business accounts.


I hope that helps.


Avatar

Rhiannon

October 18, 2023

How many accounts can one person have?

Am i able to have multiple ANZ Save Accounts?


Avatar

Richard Whitten Finder

October 23, 2023

Hi Rhiannon,


I suggest contacting ANZ directly for help with this query.


Avatar

Mohammed

August 14, 2023

Can I transfer money from ANZ plus saver to ANZ everyday and savings account and is there a limit in amount that I can transfer from ANZ plus saver to savings account ?


Avatar

Alison Banney Finder

August 14, 2023

You can transfer money from your ANZ Plus Saver to your ANZ Plus bank account, and then from there you can transfer to another ANZ account like you would a normal bank-to-bank transfer.


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