8.7

Finder Score

Great

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Maximum variable rate: 4.15% p.a.
Base interest rate: 0.05% p.a.
Minimum deposit: $100

Our verdict

The ANZ Plus Growth Saver account offers a rate of 4.15% 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 4.15% 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

Track multiple savings goals helping you manage and stay on top of different savings goals in one account.
Automatic round-ups for eligible card transactions, making saving even easier by rounding up and saving spare change.

Cons

Bonus interest conditions require you to deposit at least $100 each month and make no withdrawals which may not be achievable for all customers.

Details

Key details

Product Name	ANZ Plus Growth Saver
Maximum Variable Rate	4.15% p.a.
Standard Variable Rate	0.05% p.a.
Monthly Account Fee	$0
Minimum Age	15

Key features

Earn up to 4.15% p.a. on your savings

This savings account offers up to 4.15% p.a. on your ANZ Plus Growth Saver 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.

Bank account and savings account in the one app

The ANZ Plus app comes with 2 accounts: an ANZ Plus Everyday bank account and an ANZ Plus Growth Saver account. The everyday account is your day-to-day account for spending and receiving payments, while your ANZ Plus Growth Saver account pays interest on your balance to help you save. You can move money between the 2 accounts easily and instantly in the app.

You'll initially get both accounts when you download the ANZ Plus app, however you can choose to close either one at any time and just have one account. If you close both accounts, you will be removed as an ANZ Plus customer.

No monthly account keeping fees

There are no monthly account keeping fees with the ANZ Plus Everyday account or the linked Growth Saver 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.

Digital money tools

The ANZ Plus app will show you an overview of your monthly spending from your linked ANZ Plus Everyday account and compare your spending month to month.

ANZ Plus Coaches

You can contact an ANZ Coach via messaging within the ANZ Plus app, for any general banking or account questions you have. This can save you time and hassle instead of visiting a branch or calling the call center.

Covered by the $250,000 financial claims scheme

Your combined deposit up to $250,000 in an ANZ bank account or savings account is protected under the government's financial claims scheme. The scheme is per person per ADI, so if you have multiple ANZ accounts the scheme covers your combined deposits up to $250,000.

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.

Identification. You must have an Australian drivers licence or passport to verify your identity.

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. ANZ Save Account information page
2. ANZ Save Account TMD

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Alison Finder

Editorial Manager, Money

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Sue

August 30, 2024

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

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.

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.

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

ANZ Plus Growth Saver Account

Pros

Cons

Key features

Earn up to 4.15% p.a. on your savings

Bank account and savings account in the one app

No monthly account keeping fees

Set up multiple savings goals

Digital money tools

ANZ Plus Coaches

Covered by the $250,000 financial claims scheme

How to apply

Sources

Sources

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