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
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 |
Your reviews
Alison Finder
Editor
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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?
Jason Loewenthal Finder
February 02, 2024
Hi Peter,
This is a personal account. ANZ has different options business accounts.
I hope that helps.
Rhiannon
October 18, 2023
How many accounts can one person have?
Am i able to have multiple ANZ Save Accounts?
Richard Whitten Finder
October 23, 2023
Hi Rhiannon,
I suggest contacting ANZ directly for help with this query.
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 ?
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.
Nicole
August 01, 2023
Can the ANZ Plus account be opened as a Joint account?
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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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.