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
4.90% p.a.
Base interest rate
4.9%p.a.

Our verdict

The ANZ Save account offers a rate of 4.9% p.a. as long as your balance is $250,000 or less.

This is a simple, no-fuss savings account with a strong ongoing rate and no hoops to jump through. You can earn 4.9% p.a if your savings balance is $250,000 or less, without having to meet any monthly deposit requirements or transaction numbers. You can also make withdrawals and still earn the full interest rate on the account balance.

The 4.9% 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 several 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 earn a lower interest rate on your total balance if you save over $250,000

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 4.90% p.a.
Standard Variable Rate 4.90% p.a.
Monthly Account Fee $0
Minimum Age 15

Key features

Earn up to 4.9% p.a. on your savings

This savings account offers 4.9% p.a. if your ANZ Save balance is $250,000 or less, with no other conditions to meet.

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

However, if your balance is beyond $250,000 then you'll earn a lower rate on the total account balance.

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 - 15 of 186
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Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee Monthly Max Rate Conditions
MyState Bank Bonus Saver Account
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $20
  • 5 debit card purchases
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Bank of Queensland Future Saver Account - 14 to 35 years
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Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 eligible transactions
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AMP Saver Account
Maximum Variable Rate p.a.
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Standard Variable Rate p.a.
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Ongoing
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Rabobank High Interest Savings Account
Maximum Variable Rate p.a.
5.75%
Standard Variable Rate p.a.
4.40%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
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ING Savings Accelerator ($150,000 - $500,000)
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
4.70%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Macquarie Savings Account
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
4.75%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Westpac Life (18-29 year olds only)
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
2.00%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance
  • 5 debit card purchases
Go to siteView details
Newcastle Permanent Online Savings Account
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
1.00%
Intro Period
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
ING Savings Maximiser
Finder Award
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
Go to siteView details
St.George Maxi Saver
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
1.10%
Intro Period
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
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 Max Variable Rate includes 0.35% p.a. for 3 months for new customers who apply online
IMB Reward Saver Account
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
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Australian Unity Freedom Saver ($50,000 - $250,000)
Maximum Variable Rate p.a.
5.10%
Standard Variable Rate p.a.
5.10%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
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Bank of Queensland Simple Saver Account
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
4.85%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Ubank High Interest Save Account
Maximum Variable Rate p.a.
5.10%
Standard Variable Rate p.a.
0.10%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $200
Go to siteView details
Easy Street Bonus Saver Account
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.01%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50+ each month
  • No withdrawals
Go to siteView details
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  1. ANZ Save Account information page
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Your reviews

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Alison Finder

Editor

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PeterK

January 28, 2024

Is this account available for companies?


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Jason Loewenthal Finder

February 02, 2024

Hi Peter,


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


I hope that helps.


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Rhiannon

October 18, 2023

How many accounts can one person have?

Am i able to have multiple ANZ Save Accounts?


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Richard Whitten Finder

October 23, 2023

Hi Rhiannon,


I suggest contacting ANZ directly for help with this query.


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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 ?


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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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Nicole

August 01, 2023

Can the ANZ Plus account be opened as a Joint account?


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Jason Loewenthal Finder

September 08, 2023

Hi Nicole,


According to ANZ, joint accounts are not available at the moment. You can read more about it here: https://www.anz.com.au/plus/support/opening-accounts/joint-accounts/


I hope that helps.


Thanks,

Jason


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Mick

July 22, 2023

Hi,


Is the interest accrued on a monthly basis


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Raj Lal Finder

August 15, 2023

Hi Mick,

Interest rate is calculated on a daily basis.


Thanks

Raj


Avatar

Alison Banney

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full profile

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