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    • ANZ Progress Saver

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    • 0.01%

    • 5.76%

    ANZ Progress Saver Review

    Review published: 10 February 2012

    What's hot:

    • 5.75% bonus rate
    • No monthly account fee

    What's not:

    • only 1 free ANZ transaction per month
    • 0.01% standard interest rate

    Mozo snapshot:

    The ANZ Progress Saver is an account for the committed saver. It has a decent ongoing 5.75% bonus rate as long as you make at least a $10 deposit per month and no withdrawals.

    Key features: The ANZ Progress Saver is one of the only high interest savings accounts to come with an EFTPOS card and have ATM access. It has no account fees and free unlimited transactions over the internet but the Progress Saver only comes with 1 free ANZ transaction per month (EFTPOS, phone, or branch) so do most of your banking online.

    The 5.75% special bonus is pretty alluring and is all yours as long as you make a minimum monthly deposit of $10 and make no withdrawals in that month. If you're looking to make big savings, throw away the ATM card because even one withdrawal will slip your interest down to 0.01%.

    Who it's good for: This savings account is good for anyone wanting a high interest savings account with some restrictions so that they are less tempted to touch their savings pot. The savings account can be opened for children of all ages but if they’re under 12 the account has to be opened in the name of the adult.

    Any catches? This is really a savings account for people who want to do their banking online. If you want to do your banking over the phone, via the ATM or in branch With the Progress Saver you only get 1 free transaction. After which you’ll have to pay $1 ($2.50 over the counter) per transaction.

    How are ANZ savings accounts rated by the Mozo community?

    Product Type Overall Price Features Service Convenience Trust
    ANZ savings accounts 7.3 Based on 672
    ANZ savings account reviews     		6.5 5.9 7.2 7.9 7.3

    Read ANZ savings account reviews by the Mozo community

    Latest reviews of ANZ

      • ANZ Progress Saver

        ANZ Online Saver

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          11. Overall customer rating
          12. (Reviewed 11 days ago)

        Not happy. Really all banks are the same aren't they?       Full review 

        Not happy. Really all banks are the same aren't they?


          11. Price
          11. Features
          11. Service
          11. Convenience
          11. Trust
        Less
        ANZ savings account review by Angela from South Australia

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        Yes

      • ANZ Progress Saver

        ANZ Online Saver

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        Show Rates

        No hassles, excellent customer service.

          11. Overall customer rating
          12. (Reviewed 13 days ago)

        I have had no problems with ANZ, hence I will stay witht them. I find other banks I have been with to be 'not customer' friendly and sneaky. With ANZ what you see is what you get.       Full review 

        I have had no problems with ANZ, hence I will stay witht them. I find other banks I have been with to be 'not customer' friendly and sneaky. With ANZ what you see is what you get.


          11. Price
          11. Features
          11. Service
          11. Convenience
          11. Trust
        Less
        ANZ savings account review by Lee from Western Australia

        Was this review helpful?

        Yes

    Rates

    Rates
    Balances from $0: 0.01%pa
    Special Rates
    Balances from $0: 5.76%pa
    Special rate conditions
    Special rate is fixed 5.75% above the base rate of 0.01%. Make a single deposit of $10 or more and no withdrawals in that same month to earn the bonus rate.

    Features

    Atm access
    yes
    Daily atm withdrawal limit
    $
    Eftpos card
    yes
    Mastercard debit card
    no
    Visa debit card
    no
    Branch access
    yes
    Cheque book
    no
    Phone banking
    yes
    Internet banking
    yes
    Bpay
    no
    Australia post banking
    no
    Other restrictions
    none
    Other benefits
    none

    Fees

    Account fee
    $0.00
    Account fee waiver
    none
    Free transactions per month
    1 free transactions from phone, own-bank ATM, eftpos, branch withdrawal; unlimited free transactions from internet.
    Network ATM fee
    $1.00
    ATM networks
    ANZ
    Other bank ATM fee
    $0.00
    Over the counter deposit fee
    $0.00
    Over the counter withdrawal fee
    $2.50
    Eftpos fee
    $1.00
    Phone fee
    $1.00
    Internet fee
    $0.00
    Cheque fee
    $

    Other financial bits

    Minimum opening deposit
    $10.00
    Minimum balance
    $10.00
    Interest paid
    Monthly

    About ANZ

    ANZ is one of the largest companies in Australia and New Zealand, with a history that stretches back over 170 years. The bank offers a range of banking and financial products to more than 5.7 million retail customers, including home loans, credit cards and debit cards, personal loans, savings and banking accounts and personal insurance. And now, with its new mobile banking application, ANZ goMoney, it’s easier to do banking on the go.

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    ANZ Online Saver

    • Open an ANZ Online Saver by 29 Feb 2012 and earn up to 6.00% p.a. until 30 June 2012
    • No minimum balance
    • No account fees
    Go to site