ANZ Plus savings accounts

3.8
Based on 13 ANZ Plus savings account product reviews.
Fact Checked

ANZ Plus is an online-exclusive offering from ANZ. It launched in 2022 with everyday and savings accounts accessible only through its new ANZ Plus mobile app.

ANZ Plus doesn’t have a bank network as an online bank, but it has coaches available through the app. A coach usually replies Monday to Friday, 9am to 5pm AEST. Best of all, it’s super easy to get started online.

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Editor's Review: ANZ Save

ANZ Save

Maximum rate
5.00 % p.a.
(for $0 and over)
Get the 4.50% bonus rate when you grow your balance by $100 or more (excluding interest) each month.
Standard rate
0.50 % p.a.
(for $0 and over)
No Partner link
  • High total interest rate of 5.00% p.a.

  • No monthly account service fees

  • Multiple savings goals feature

  • Round-up feature for faster saving

  • Requires linking to an ANZ Plus everyday account

  • Bonus interest rate has a monthly growth requirement

Our verdict

ANZ Save, part of the ANZ Plus, comes with a 5.00% p.a. total conditional rate. This rate is split between a base rate of 0.50% p.a. and a bonus rate of 4.50% p.a., which is earned when you grow your balance by $100 or more each month (excluding interest earned). 

The account's structure encourages regular saving, which can work well for those looking to build a savings habit. The multi-goal savings feature allows for better organization of your savings, whether you're saving for a holiday, a new car, or an emergency fund.

One of the standout features is the round-up function, which automatically saves the spare change from your everyday transactions. This can help boost your savings without much extra effort and reach the conditions for the most interest.

It's worth noting that to access ANZ Save, you need to open an ANZ Plus everyday transaction account as well. While this provides a seamless banking experience, it may not suit those who prefer to keep their savings with a different institution from their everyday banking.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 250 savings accounts using the filters.
Last updated 11 December 2024 Important disclosures

ANZ Plus savings accounts

  • ANZ Flex Saver

    Maximum rate
    5.00 % p.a.
    (for $0 to $5,000)
    Standard rate
    5.00 % p.a.
    (for $0 to $5,000)
    No Partner link

  • ANZ Save

    Maximum rate
    5.00 % p.a.
    (for $0 and over)
    Get the 4.50% bonus rate when you grow your balance by $100 or more (excluding interest) each month.
    Standard rate
    0.50 % p.a.
    (for $0 and over)
    No Partner link

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ANZ Plus savings account ratings

Overall customer rating for ANZ Plus savings accounts

3.8
Based on 13 product reviews.

Customer reviews

Important disclosures

ANZ Plus products

FAQs

Is ANZ a safe place to keep my savings?

Yes, ANZ is an Authorised Deposit-taking Institution (ADI) regulated by the Australian Prudential Regulation Authority (APRA). Deposits up to $250,000 are protected under the Australian Government's Financial Claims Scheme.

Are there any fees associated with ANZ Save?

ANZ Save currently has no monthly account service fees. 

Can I open an ANZ Save account without being an existing ANZ customer?

You can open an ANZ Save account as a new customer, but you'll need to also open an ANZ Plus everyday transaction account to gain access. Both can be set up through the ANZ Plus app.

Savings account quick links


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