In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question
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ANZ Term Deposit
Interest rate 12 months interest rate
Up to 0.15% p.a.
Minimum opening deposit
$5,000
Account keeping fee
$0

Summary

With a fixed interest rate spread out over terms you choose, you can start making plans for your financial future.

The ANZ Term Deposit is a high interest savings product that locks your money away until the terms you set have been met. Terms can range from one month to five years, allowing you to meet short term saving plans or a long term financial goal. It has no monthly fees and provides you with choices on how and when your interest payments are made.

Pros

  • $0 Account keeping fees
  • Wide ranges of terms from from 1 month to 5 years

Cons

  • If a withdrawal is made before the term reaches maturity, a $30 administration fee will be applied
  • Minimum investment of

In this guide

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

Details

Key details

Product Name ANZ Term Deposit
3 month interest rate 0.05%
4 month interest rate 0.05%
6 month interest rate 0.10%
7 month interest rate 0.10%
9 month interest rate 0.10%
12 month interest rate 0.15%
24 month interest rate 0.15%
36 month interest rate 0.15%
48 month interest rate 0.15%
60 month interest rate 0.15%
Minimum Opening Deposit $5,000
Minimum age requirement 12
Government guarantee Yes

Eligibility

Minimum Age Requirement 12
Joint account availability Yes
Min Deposit $5,000
Available to children Not available for children under 12 years of age

2023 Transaction Account Customer Satisfaction Highly Commended:

ANZ

ANZ took third place in our Transaction Account category this year, with 93% of the users that we surveyed saying they'd recommend the bank to a friend. Its customer satisfaction rating was 4.36 out of 5. Find more about Finder Banking Satisfaction Awards 2023.

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Key features

No monthly fees

No monthly maintenance fees are deducted from your savings with the ANZ term deposit.

Tiered high interest rates

The interest rates are fixed with the term deposit and tiered according to how long you choose to invest and the amount of your investment.

Launch term deposit calculator


How to apply

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

  • 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.

Compare other savings accounts

1 - 12 of 185
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Rabobank High Interest Savings Account
Rabobank logo
Maximum Variable Rate p.a.
5.75%
Standard Variable Rate p.a.
4.35%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
Earn a high interest rate of 5.75% for the first 4 months and then 4.35% thereafter, with $0 account keeping fees and no monthly balance requirements.
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
Rabobank High Interest Savings Account
Rabobank logo
Maximum Variable Rate p.a.
5.75%
Standard Variable Rate p.a.
4.35%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
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
Ideal for higher balances, savers can earn up to 5.4% for the first 4 months and up to 4.7% thereafter. There are no conditions and $0 account-keeping fees.
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
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
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.
Newcastle Permanent Smart Saver Account - Under 25s
Newcastle Permanent logo
Maximum Variable Rate p.a.
5.00%
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
Macquarie Savings Account
Macquarie Bank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
4.75%
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
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
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Alison Finder

Editor

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

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Jess

November 02, 2023

my 16 year old son wants to put some money in a term deposit. say for instance he chooses to invest his money for 12 months, can you continue putting money into the term deposit, through out the year? thanks


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Richard Whitten Finder

November 06, 2023

Hi Jess,


Many term deposit products allow you to deposit extra cash over time. I suggest asking ANZ directly if the bank allows this.


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Liz

October 31, 2016

Best interest rate for 6 month term deposit


Avatar

rimu96

June 08, 2017

best interest rate for 6 month term deposit


Avatar

Anndy Lou Finder

October 31, 2016

Hi Liz,


Thanks for reaching out.


You can compare term deposit accounts through our website. Please do take advantage of the calculator on that page to check which term deposit account can give you high-interest earnings for your particular amount of deposit.


Cheers,

Anndy


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