ANZ logo

ANZ Online Saver

Advertiser disclosure
Interest rate
1.50% p.a.(for $0 and over)
Maximum rate
3.65% p.a. (for $0 and over)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review ANZ Online Saver - last updated: 17 November 2023

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What's hot
  • 3.65% introductory bonus rate
  • No account fees
  • Bpay functionality
What's not
  • No branch access
Mozo snapshot

The ANZ Online Saver has an introductory savings rate of 3.65% 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.

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Key features

Stash your cash and reap in the rewards! The 3.65% bonus rate is available for the first three months for new accounts. After the bonus rate period, the interest rate drops to 1.50%. 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.

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Who is it 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.

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Any catches

The 3.65% 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.

Details

Rates and fees information correct as at 19 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Balances from $0: 1.50% p.a.

Balances from $0: 3.65% 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

n/a

unlimited free transactions from phone and internet

n/a

n/a

n/a

n/a

n/a

n/a

$0.00

$0.00

n/a

Other financial bits

$0.00

$0.00

Monthly

Features

no

n/a

no

no

no

no

no

yes

yes

yes

no

Must be linked to ANZ deposit account.

none

none

Customer Reviews

How are ANZ savings accounts rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust

Latest reviews of ANZ Online Saver Savings Account

About ANZ

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Macquarie

Savings Account

5.35% p.a. (for $0 to $250,000)

4.75% p.a.(for $0 to $1,000,000)

Yes up to $250,000

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IMB Bank

Reward Saver Account

5.25% p.a. (for $0 to $1,000,000)

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

Yes up to $250,000

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Rabobank

High Interest Savings Account

5.75% p.a. (for $0 to $250,001)

4.40% p.a.(for $0 to $250,001)

Yes up to $250,000

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ubank

Save Account

5.10% p.a. (for $0 to $250,000)

0.10% p.a.(for $0 and over)

Yes up to $250,000

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Bankwest

Hero Saver

4.60% p.a. (for $0 to $250,001)

1.00% p.a.(for $0 to $5,000,001)

Yes up to $250,000

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MyState Bank

Bonus Saver Account

5.00% p.a. (for $0 to $250,000)

0.05% p.a.(for $0 and over)

Yes up to $250,000

Thumbnail icon for Bendigo Bank
Bendigo Bank

Reward Saver

5.25% p.a. (for $0 to $100,000)

0.30% p.a.(for $0 and over)

Yes up to $250,000

Thumbnail icon for Westpac
Westpac

Life - 18-29 years old

5.20% p.a. (for $0 to $30,000)

2.00% p.a.(for $0 and over)

Yes up to $250,000

Thumbnail icon for Macquarie
Macquarie

Savings Account

5.35% p.a. (for $0 to $250,000)

Yes up to $250,000

4.75% p.a.(for $0 to $1,000,000)

Thumbnail icon for ubank
ubank

Save Account

5.10% p.a. (for $0 to $250,000)

Yes up to $250,000

0.10% p.a.(for $0 and over)

Thumbnail icon for IMB Bank
IMB Bank

Reward Saver Account

5.25% p.a. (for $0 to $1,000,000)

Yes up to $250,000

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

Thumbnail icon for Rabobank
Rabobank

High Interest Savings Account

5.75% p.a. (for $0 to $250,001)

Yes up to $250,000

4.40% p.a.(for $0 to $250,001)

Thumbnail icon for Bankwest
Bankwest

Hero Saver

4.60% p.a. (for $0 to $250,001)

Yes up to $250,000

1.00% p.a.(for $0 to $5,000,001)

Thumbnail icon for MyState Bank
MyState Bank

Bonus Saver Account

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

0.05% p.a.(for $0 and over)

Thumbnail icon for Westpac
Westpac

Life - 18-29 years old

5.20% p.a. (for $0 to $30,000)

Yes up to $250,000

2.00% p.a.(for $0 and over)

Thumbnail icon for IMB Bank
IMB Bank

Reward Saver Account

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

5.25% p.a. (for $0 to $1,000,000)

Yes up to $250,000

Thumbnail icon for ubank
ubank

Save Account

0.10% p.a.(for $0 and over)

5.10% p.a. (for $0 to $250,000)

Yes up to $250,000

Thumbnail icon for Bankwest
Bankwest

Hero Saver

1.00% p.a.(for $0 to $5,000,001)

4.60% p.a. (for $0 to $250,001)

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Bonus Saver Account

0.05% p.a.(for $0 and over)

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

Thumbnail icon for Bendigo Bank
Bendigo Bank

Reward Saver

0.30% p.a.(for $0 and over)

5.25% p.a. (for $0 to $100,000)

Yes up to $250,000

Thumbnail icon for Auswide Bank
Auswide Bank

Ziggy Kids Saver

0.01% p.a.(for $0 and over)

3.01% p.a. (for $0 and over)

Yes up to $250,000

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UniBank

Mighty Saver Account

0.01% p.a.(for $0 and over)

1.20% p.a. (for $0 and over)

Yes up to $250,000

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Teachers Mutual Bank

Mighty Saver Account

0.10% p.a.(for $0 and over)

1.20% p.a. (for $0 and over)

Yes up to $250,000

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