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ANZ Progress Saver

Looking for a high interest savings account? ANZ Progress Saver pays higher bonus interestdisclaimercompared to ANZ Online Saver when you deposit at least $10 in one transaction, and don’t make any withdrawals or transfers or incur any fees or charges during a calendar month.disclaimerIt’s the account that could help you save more. 

  • No monthly account service fee
  • No minimum balance
  • Bonus interest on your savingsdisclaimer

Apply online

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Bonus interest

ANZ Progress Saver is a savings account that offers a higher bonus interest rate in comparison to the bonus interest rate offered with ANZ Online Saver. 

In any given month you could earn bonus interest:

Total rate*

*Base interest  + bonus interest

 

To qualify for bonus interest:

  • Make at least a single deposit of $10 or more in a month.disclaimer
  • Make no withdrawals (including transfers), or incur any fees and charges in the month.

Can't make a deposit or need to make a withdrawal in a month?

Hang in there! You'll get the base rate of  interest, but you may be eligible to qualify for bonus interest the following month.disclaimer

Features and benefits

With an ANZ Progress Saver account you could earn bonus interest when you make at least a single deposit of $10 or more in a month and make no withdrawals or incur any fees and charges.disclaimer

  • No monthly account service fee
  • Great for kids bankingdisclaimer

Progress Saver Features and Benefits

Earn bonus interest

Earn up to interest (base rate of plus bonus interest of ) when you deposit at least $10 in one transaction and don't withdraw or transfer money for that month or incur any fees and charges in a month.disclaimer

No monthly account service fee

There's no monthly account service fee and the first ANZ Transaction every month incurs no Additional Transaction Fee.disclaimer

Set and track your savings goal

Whether you're saving for something big or small, you can set a goal in the ANZ Appdisclaimer to help you save, and see how you're tracking. Set a savings goal today.

Great for kids banking

Open your child’s first savings account and help to start their journey of banking with ease!disclaimer

Fee waiver for under 18s

If you are under 18disclaimer you can apply for a fee waiver and you won’t have to pay ANZ Transaction Fees on your ANZ Progress Saver.disclaimer

  

Fees

Withdrawal fees

In any month, your first ANZ Transaction (withdrawal or transfer) incurs no fee, but it will disqualify you from earning bonus interest for that month. From your second transaction onwards, the following fees and charges apply.

fees

Transaction type

Fees

App and Internet Banking Transactions

$0

Electronic Transactions

$1.00 each

Staff Assisted Transactions

$2.50 each

Looking for concession everyday accounts with no monthly account service fee?

If you hold a concession card, or are receiving Government benefits, you may be eligible for one of ANZ’s concession everyday bank accounts that has no monthly account service fees.disclaimer Have a look at ANZ Access Basic and ANZ Pensioner Advantage.

What is a high interest savings account?

If you’re looking to save money and reach a savings goal, a high interest savings account could help you get here. A high interest savings account typically offers a higher interest rate than a standard savings account.

Some high interest savings accounts offer incentives, such as bonus interest. Bonus interest can be tied to qualifying criteria such as growing your balance, making a deposit or not making any withdrawals in any given month.

compare bank accounts

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Not the account you’re looking for?
We’ve got a handy tool to help you consider some other options. Our bank accounts comparison tool will show you some options side-by-side for transaction, savings and term deposit accounts.

How to apply

Take a moment to review how ANZ Progress Saver works to help you decide if it's right for you.

Eligibility criteria:

  • Australian residents
  • An Australian residential address
  • 12 years or older
  • This account is for personal use

Apply for ANZ Progress Saver

Apply online

If you're ready to apply online and have your documents handy, you can get started now.

Apply now

For joint account applications, after ANZ has opened your account, you will need to visit an ANZ branch with all account holders to sign a Joint Account Authority Form. You will not be able to access your joint account until this form is signed.

ANZ Internet Banking

If you've registered, log in and click Product & Offers, then select the Bank accounts tab and look for ANZ Progress Saver.

Log in

The ANZ App

If you are an existing customer, you can apply for an ANZ Progress Saver account in the ANZ Appdisclaimer in minutes. Easy as.

Learn more

Call us or visit a branch

Call us on 13 33 33 Mon-Fri 8.00am to 8.00pm (Sydney/Melbourne time) or find an ANZ branch near you.

Your questions answered

I keep hearing about ANZ Plus; how is it different from ANZ?

ANZ Plus is ANZ’s digital banking service available in the new ANZ Plus app.

It comes with an ANZ Plus transaction account and a multi-goal ANZ Save account, and a new-look ANZ Plus Visa Debit Card.

The ANZ Plus app has a range of features to provide more visibility and control of your money and spending.

You can only access ANZ Plus in the ANZ Plus app. You can't access other ANZ accounts in the ANZ Plus app.

Other ANZ bank accounts can be accessed through the ANZ app or Internet Banking, ANZ branches and over the phone.

Find out more about ANZ Plus at www.anz.com/plus

For ANZ Online Saver accounts, ANZ Progress Saver accounts, ANZ Premium Cash Management Accounts and ANZ Pensioner Advantage accounts we will work out interest on the balance of your account at the end of each day.

Learn more

Use our calculators to estimate how much interest you could earn.

Savings Calculator

We will pay the base interest and, if applicable, the bonus interest calculated for each calendar month into your account on the last business day of that month.

Learn more

High interest savings accounts are bank accounts that have the potential to pay a higher rate of interest as a reward for keeping money in your savings account. High interest savings accounts are different to transaction or everyday accounts that would usually pay low or no interest and are typically used for day-to-day bank transactions. Term deposits usually have a fixed rate of interest and a known rate of return for an agreed duration of time. The term (the length of time your money is locked away) can vary. You often need to provide notice if withdrawing funds from a term deposit before the end of term. High interest savings accounts usually have a variable rate, that is, the interest rate has the potential to change month to month. You would also expect to make deposits into the savings account.

Compare our savings accounts and see for yourself! Our ANZ Online Saver account has some great benefits and flexibility, however ANZ Progress Saver has a higher interest rate. 

You’ll be eligible for bonus interest each month. It’s your best chance to save money and get rewarded for it!

When using ANZ Internet Banking or the ANZ App, you’ll be reimbursed for any unauthorised transactions, provided that you have complied with the applicable product terms and conditions, and any applicable Electronic Banking Conditions of Use contained in your product terms and conditions.

Find out more about ANZ's internet banking security 

Some extra peace of mind for banking in Australia. Deposits of up to $250,000 with ANZ can be covered by the Australian Government’s Financial Claims Schemedisclaimer. This means that this money is guaranteed if anything happens to ANZ.

Important information

Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you. ANZ recommends you read the ANZ Saving & Transaction Products Terms and Conditions (PDF) and the Financial Services Guide (PDF) which are available at anz.com or by calling 13 13 14 before deciding whether to acquire, or continue to hold, the product. Fees, charges and eligibility criteria apply.

Apple, the Apple logo, iPhone and iPad are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

Android, Google Play and the Google Play logo are trademarks of Google Inc.

BPAY®  is registered to BPAY Pty Ltd ABN 69079137518.

Bonus interest is subject to eligibility. ANZ Progress Saver pays bonus interest (in addition to the current variable base interest) in respect of a particular month if the set minimum deposit (currently single deposit of $10) and no withdrawals, fees or charges are processed to the account on or before the last business day of that calendar month, and after the last business day of the previous calendar month. Refer to ANZ Saving & Transaction Products Terms and Conditions for further details about transactions processed outside of this period. Bonus and base rates are variable and subject to change. Base interest rates are tiered. A tiered interest rate means the annual interest rate applicable to your account for a particular day can vary depending on the balance of your account on that day. This means that the rate of interest applicable on the whole balance of your account can be different depending upon the balance of your account on a particular day.

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Customers aged under 18 need to show proof of age at an ANZ branch in order to receive their transaction fees waiver. Fees and charges apply. Please refer to ANZ Personal Banking Account Fees and Charges (PDF) for fees and charges that apply.

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For children under 12, a parent or guardian will need to open the account in Trust for the child. Customers aged 12 to 17 who can sign a consistent satisfactory signature can open an account in their own name or as a joint account with a parent or guardian.

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One fee-free ANZ Transaction per month. Additional ANZ Transactions charged as: Electronic Transactions $1.00 each, Staff Assisted Transactions $2.50 each. ANZ Internet Banking transactions are free. ANZ Transactions, Electronic Transactions, Staff Assisted Transactions and Internet Banking Transactions are defined in the ANZ Personal Banking Account Fees and Charges (PDF) booklet. Any withdrawals in a particular month, including those that are free of charge, will disqualify you from bonus interest for that month.

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The ANZ App is provided by Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Super and Insurance (if available) are not provided by ANZ but entities which are not banks. ANZ does not guarantee them. This information is general in nature only and does not take into account your personal objectives, financial situation or needs. ANZ recommends that you read the ANZ App Terms and Conditions available here for iOS (PDF) and here for Android (PDF) and consider if this service is appropriate to you prior to making a decision to acquire or use the ANZ App.

ANZ App for Android is only available on Google Play™. ANZ App for iPhone is only available from the App Store.

Apple, Apple Pay, Apple Watch, Face ID, iPad, iPhone and Touch ID are trade marks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android, Google Play and the Google Play logo are trade marks of Google Inc.

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The guarantee applies to the total balance held in one or more ANZ deposit accounts by each legal entity, up to a maximum amount of A$250,000. For further information please refer to the Financial Claims Scheme.

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