ANZ Online Saver
ANZ Online Saver
Mozo Review ANZ Online Saver Review
Last updated: 11 October 2019.
What's hot:
1.60% 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 1.60% 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 1.60% bonus rate is available for the first three months for new accounts. After the bonus rate period, the interest rate drops to 0.10%. 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 1.60% 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 10 December 2019. 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: 0.10% p.a.
-
Balances from $0: 1.60% 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
-
none
-
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?
Latest reviews of ANZ Online Saver
- Overall8/10
Great to keep money you don't want easy access to.
The online saver is easy to use online and in app. There are no fees and a medium interest rate....
Read full review
The online saver is easy to use online and in app. There are no fees and a medium interest rate. Easy to transfer money in and out of the account with no fees.
Price7/10Features4/10Customer service7/10Convenience9/10Trust6/10Less
Kayla | South Australia
reviewed 13 days ago
- Overall9/10
Very happy with my choice
Everything was explained clearly and easy to understand.
Read full review
Everything was explained clearly and easy to understand.
Price6/10Features4/10Customer service7/10Convenience7/10Trust7/10Less
Barbra | Queensland
reviewed 12 months ago
- Overall3/10
Don't support them
Their fees are extraordinarily high.
Read full review
Their fees are extraordinarily high.
Price3/10Features3/10Customer service4/10Convenience3/10Trust4/10Less
Steven | South Australia
reviewed about 1 year ago
- Overall9/10
Great online service.
Service is friendly and they are easily accessible to do business.
Read full review
Service is friendly and they are easily accessible to do business.
Price5/10Features6/10Customer service9/10Convenience10/10Trust5/10Less
Michael | Victoria
reviewed about 1 year ago
- Overall5/10
Decent but not amazing
The account works as long as you can transfer funds into an ATM access account. More features...
Read 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.
Price5/10Features2/10Customer service7/10Convenience2/10Trust9/10Less
Linda | Western Australia
reviewed about 1 year ago
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.
Promoted
UBank
USaver with Ultra Transaction Account
2.10% p.a. (for $0 to $200,000)
1.04% p.a.(for $0 to $5,000,000)
$0.00
Promoted
AMP
Saver Account
2.36% p.a. (for $0 to $250,000)
1.40% p.a.(for $0 to $5,000,000)
$0.00
Promoted
ME
Online Savings Account
2.05% p.a. (for $0 to $250,000)
0.35% p.a.(for $0 and over)
$0.00
Promoted
Suncorp
Growth Saver Account
1.95% p.a. (for $0 and over)
0.20% p.a.(for $0 and over)
$0.00
Promoted
Rabobank
High Interest Savings Account
2.50% p.a. (for $0 to $250,001)
1.05% p.a.(for $0 to $250,001)
$0.00
Promoted
Bankwest
Hero Saver
1.85% p.a. (for $0 to $250,000)
0.01% p.a.(for $0 to $5,000,000)
$0.00
Promoted
ANZ
Online Saver
1.60% p.a. (for $0 and over)
0.10% p.a.(for $0 and over)
$0.00
Promoted
UBank
USaver with Ultra Transaction Account
2.10% p.a. (for $0 to $200,000)
1.04% p.a.(for $0 to $5,000,000)
$0.00
Promoted
Suncorp
Growth Saver Account
1.95% p.a. (for $0 and over)
0.20% p.a.(for $0 and over)
$0.00
Promoted
Citi
Online Saver
2.30% p.a. (for $0 to $500,000)
0.85% p.a.(for $0 and over)
$0.00
Promoted
Bankwest
Hero Saver
1.85% p.a. (for $0 to $250,000)
0.01% p.a.(for $0 to $5,000,000)
$0.00
Promoted
ME
Online Savings Account
2.05% p.a. (for $0 to $250,000)
0.35% p.a.(for $0 and over)
$0.00
Promoted
Bankwest
Hero Saver
0.01% p.a.(for $0 to $5,000,000)
1.85% p.a. (for $0 to $250,000)
Promoted
Newcastle Permanent
Smart Saver
0% p.a.(for $0 and over)
2.30% p.a. (for $0 and over)
Promoted
Auswide Bank
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
2.26% p.a. (for $0 and over)
