ANZ Plus savings accounts

While ANZ Plus has many appealing features. Along with its highly competitive interest rate, another plus is that there is no minimum monthly deposit required in order to achieve interest. You can also make withdrawals without forfeiting interest, there is one aspect I really don't respect is that their condition on paying interest, which states: "We pay interest into your ANZ Save Account on the last Business Day of each month. It will generally include interest up to (but excluding) that day". This is outrageous. I have never experienced another bank which does it this way and only discovered it when I noticed that my interest for the month of March was much lower than expected. This was a result of Easter falling at the end of March, so I effectively lost 3 full days of interest. After checking the calendar I've discovered that my interest would be affected in this way in June, August and November 2024. Consequently, I am moving my money to a bank with very similar rates who pay interest on the full month. I feel there is no reason for this "feature". It is not commonplace practice and certainly not a good way to do business, particularly in terms of gaining trust. Although it is outlined in the terms, I feel that most people wouldn't even be aware of this.

Review of ANZ Plus Account I opened an ANZ Plus account and wanted to share my thoughts on it. Pros: One thing I really like about the ANZ Plus account is the extra features it offers. It’s not just your run-of-the-mill account – it comes with perks like higher interest rates, fee waivers, and top-notch customer support. These extras definitely add value and make banking more convenient. Another great thing about the ANZ Plus account is the access to exclusive banking products and services. From discounts on loans to insurance and wealth management products, there are plenty of benefits that can help you save money and reach your financial goals faster. Cons: One downside to consider is that some ANZ Plus accounts have eligibility requirements. This could be a minimum balance or a monthly deposit threshold, which might not suit everyone. If you’re looking for a simpler banking solution, this could be a drawback. Another thing to watch out for is the fees and charges. While some services have fee waivers, there are still potential costs for certain transactions or maintaining the account. It’s important to check the fee schedule carefully to understand what you might be charged. Overall, ANZ Plus account has a lot to offer for customers. But it’s worth considering your own financial needs and preferences before signing up, to make sure it’s the right fit for you.

A fabulous product that helps you budget and save at the same time!

Yeah same as above plus