Thumbnail icon for ANZ

ANZ Premium Cash Management

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

Mozo editorial review ANZ Premium Cash Management

Last updated: 29 July 2020.

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What's hot
  • No ongoing account fees
  • 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 20 October 2020. 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 $100,000: 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

  • Overall 9/10
    Service is great

    The staff are always friendly and helpful and nothing is to much trouble for them. If they say they will ring you that is what they will do.

    Read full review

    The staff are always friendly and helpful and nothing is to much trouble for them. If they say they will ring you that is what they will do.

    Price
    6/10
    Features
    -1/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    5/10
    Less
    Pat, Victoria reviewed about 2 years ago
  • Overall 10/10
    Excellent customer service

    I have always had an excellent experience with the staff and customer support at both the bank and online. While the products and services they provide easily compare with other banks their customer service truly sets them apart.

    Read full review

    I have always had an excellent experience with the staff and customer support at both the bank and online. While the products and services they provide easily compare with other banks their customer service truly sets them apart.

    Price
    8/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Robert, Western Australia reviewed about 4 years ago
  • Overall 10/10
    Genuinely caring and knowledgable staff

    I like my local ANZ branch because of the great personal experience, staff know what they were talking about and aren't pushy, happy to continue.

    Read full review

    I like my local ANZ branch because of the great personal experience, staff know what they were talking about and aren't pushy, happy to continue.

    Price
    10/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Daniel, South Australia reviewed over 4 years ago
  • Overall 10/10
    Good

    Good

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Sean, Queensland reviewed over 4 years ago
  • Overall 9/10
    I will encourage others to use it as well

    I like it because its reliable.

    Read full review

    I like it because its reliable.

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    8/10
    Trust
    10/10
    Less
    Nyasha, Victoria reviewed almost 5 years ago
ANZ

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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