ANZ Online Saver

0.50% p.a.(for $0 and over)

2.30% p.a. (for $0 and over)

 

ANZ Online Saver Review

Rates and fees information correct as at 16 November 2018.

Review published: 10 February 2012

What's hot:

  • 2.30% introductory bonus rate

  • No minimum balance or account fees

  • Bpay functionality

What's not:

  • No branch access

Mozo snapshot:

The ANZ Online Saver has an introductory savings rate of 2.30% and fee friendly features like no account fees and minimum balance requirements. It also comes with BPay functionality so you can pay bills directly from the account.

Key features:

Stash your cash and reap in the rewards! The 2.30% bonus rate is available for the first three months for new accounts. After the bonus rate period, the interest rate drops to 0.50%. Interest is calculated daily and paid into your account on a monthly basis.

You'll have to do all your transactions through phone or internet banking with the ANZ Online Saver as there is no ATM card or branch access. But the upshot to this is you'll never be slugged with transaction and account fees. Unlike many other online savings accounts where you have to transfer funds to a linked account to pay bills, the ANZ Online Saver features Bpay functionality so you can do all your banking direct from the account.

You can even open multiple ANZ Online Saver accounts under one name if you're keen to save for a number of goals. Since no minimum deposit amount is required, this means that you can whip out your wish list and tick each one off as the interest earnings come in.

Who it's good for:

If you're looking for a high interest savings account that lets you save for multiple goals, your cash will find itself right at home with the ANZ Online Saver.

Any catches?

The 2.30% introductory interest rate is only offered to new ANZ customers. You'll also need to open an everyday ANZ bank account in order to access the funds in your ANZ Online Saver account.

How are ANZ savings accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.4

Based on 6085
ANZ savings accounts reviews

6.6 6.2 7.4 7.9 7.5

Read ANZ savings account reviews by the Mozo community

Latest reviews of ANZ Online Saver

ANZ

ANZ Online Saver savings account review

Overall rating   3 / 10

Don't support them

Their fees are extraordinarily high.

Full review

Their fees are extraordinarily high.

    Price   3 / 10

    Features   3 / 10

    Customer service   4 / 10

    Convenience   3 / 10

    Trust   4 / 10

Less

Steven, South Australia, reviewed 3 days ago

ANZ

ANZ Online Saver savings account review

Overall rating   9 / 10

Great online service.

Service is friendly and they are easily accessible to do business.

Full review

Service is friendly and they are easily accessible to do business.

    Price   5 / 10

    Features   6 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   5 / 10

Less

Michael, Victoria, reviewed 8 days ago

ANZ

ANZ Online Saver savings account review

Overall rating   5 / 10

Decent but not amazing

The account works as long as you can transfer funds into an ATM access account. More features could be added for it to be better.

Full review

The account works as long as you can transfer funds into an ATM access account. More features could be added for it to be better.

    Price   5 / 10

    Features   2 / 10

    Customer service   7 / 10

    Convenience   2 / 10

    Trust   9 / 10

Less

Linda, Western Australia, reviewed 8 days ago

ANZ

ANZ Online Saver savings account review

Overall rating   10 / 10

Awesome

Banking with ANZ was an awesome choice I have made and I am very happy with them.

Full review

Banking with ANZ was an awesome choice I have made and I am very happy with them.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Talisua, Queensland, reviewed 17 days ago

ANZ

ANZ Online Saver savings account review

Overall rating   9 / 10

All good

Haven’t gotten any issues and the staff is extremely friendly.

Full review

Haven’t gotten any issues and the staff is extremely friendly.

    Price   8 / 10

    Features   7 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Wan, New South Wales, reviewed 24 days ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • Balances from $0: 0.50% p.a.

  • Balances from $0: 2.30% p.a.

  • Bonus rate for the first 3 months from account opening. The bonus rate offer is only available to new ANZ Online Saver customers who have not held an ANZ Online Saver account during the last 6 months, and apply online. Offer not available to beneficiaries for an ANZ Online Saver account held on trust within the past 6 months

Fees

  • $0.00

  • none

  • unlimited free transactions from phone and internet

  • none

  • none

  • none

  • none

  • none

  • none

  • $0.00

  • $0.00

  • none

Other financial bits

  • $0.00

  • $0.00

  • Monthly

Features

  • no

  • none

  • no

  • no

  • no

  • no

  • no

  • yes

  • yes

  • yes

  • no

  • Must be linked to ANZ deposit account.

  • none

  • none

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 App, it's easier to do banking on the go.

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