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ANZ Premium Cash Management

Advertiser disclosure
Interest rate
0% p.a.(for $0 to $10,000)
Maximum rate
No Current Offer
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review ANZ Premium Cash Management

Last updated: 21 January 2021.

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What's hot
  • No monthly account service fee
  • Unlimited free transactions via the internet
  • 5 free transactions made via the phone, ANZ ATMs, EFTPOS & branch withdrawal.
What's not
  • $10,000 minimum opening deposit amount
Mozo snapshot

On the hunt for a savings account companion to help you manage your investment cash flow and earn interest on the balance? Well, with a 0.10% p.a. tiered variable interest rate on balances over $10,000, no ongoing account fees and unlimited free transactions via the internet, say hello to the ANZ Premium Cash Management account!

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Key features

The ANZ Premium Cash Management account hits the ground running with no ongoing account fees, making it a suitable option for online traders and investors who are looking for a savings account to help manage and earn interest on cash flow.

On top of this, the ANZ Premium Cash Management account offers tiered variable interest rates ranging from 0.10% p.a. on balances over $10,000, right up to 0.25% p.a. on balances over $500,000, so the more money you save in your account, the more interest you’ll earn (interest paid monthly).

Keep in mind this account comes with a minimum opening deposit amount of $10,000 and a $1,000 minimum balance requirement that you’ll need to budget for.

The ANZ Premium Cash Management account comes with a bunch of flexible features, like unlimited free transactions made via the internet and up to 5 free transactions made via the phone, ANZ ATMs, EFTPOS and branch withdrawal.

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Who is it good for

If you’re an Aussie investor and meet the account eligibility criteria (meaning you have an Australian residential address, are over the age of 16 and have at least $10,000 set aside to cover the minimum opening deposit requirement), then the ANZ Premium Cash Management account could potentially be the right savings account fit for you.

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Any catches

If you do decide to go with the ANZ Premium Cash Management account, then be aware that you’ll need to come up with a $10,000 minimum opening deposit and keep a $1,000 minimum ongoing balance.

Details

Rates and fees information correct as at 11 May 2021. 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: 0.00% p.a.
    Balances from $10,000: 0.10% p.a.
    Balances from $500,000: 0.25% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • 5 free transactions from phone, own-bank ATM, eftpos, branch withdrawal; unlimited free transactions from internet.

  • $0.50

  • ANZ

  • $0.00

  • $0.00

  • $2.50

  • $0.50

  • $0.50

  • $0.00

  • $0.50

Other financial bits
  • $10,000.00

  • $1,000.00

  • Monthly

Features
  • yes

  • none

  • yes

  • no

  • no

  • yes

  • yes

  • yes

  • yes

  • yes

  • no

  • none

  • none

  • none

Customer Reviews

How are ANZ savings accounts rated by the Mozo community?

Overall
7.4/10
Price
6.6/10
Features
6.2/10
Customer service
7.4/10
Convenience
7.9/10
Trust
7.5/10

Latest reviews of ANZ Premium Cash Management

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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.

See ANZ savings accounts

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1.20% p.a. (for $0 to $250,000)

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0.65% p.a. (for $0 and over)

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

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Serious Saver

0.30% p.a. (for $0 to $1,000,000)

0.15% p.a.(for $0 and over)

Yes up to $250,000

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Hero Saver

0.70% p.a. (for $0 to $250,001)

0.01% p.a.(for $0 to $5,000,000)

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1.05% p.a. (for $1 to $250,000)

0.05% p.a.(for $1 and over)

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0.25% p.a. (for $0 to $5,000,000)

0.05% p.a.(for $0 to $5,000,000)

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1.10% p.a. (for $0 to $500,000)

0.35% p.a.(for $0 and over)

Yes up to $250,000