ANZ Progress Saver
This product is available in different versions. Pick the right version for you here.
The details shown below are for the Progress Saver
The details shown below are for the Progress Saver (Kids)
Choose the version of this loan that suits you best
| Name | |
|---|---|
| | Progress Saver |
| | Progress Saver (Kids) |
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Progress Saver
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Progress Saver (Kids)
ANZ Progress Saver
ANZ Progress Saver
Mozo Review ANZ Progress Saver Review
Last updated: 11 October 2019.
What's hot:
1.60% ongoing bonus rate (with minimal conditions)
No monthly account fee
What's not:
only 1 free ANZ transaction per month
0.01% p.a standard interest rate
Mozo snapshot:
The ANZ Progress Saver is an account for the committed saver. It has a 1.60% ongoing bonus rate as long as you make at least a $10 deposit per month and no withdrawals.
Key features:
The ANZ Progress Saver has no account fees and free unlimited transactions over the internet but the Progress Saver only comes with 1 free ANZ transaction per month (EFTPOS, phone, or branch) so do most of your banking online.
The 1.60% special ongoing bonus is all yours as long as you make a minimum monthly deposit of $10 and make no withdrawals in that month.
Who it's good for:
This savings account is good for anyone wanting a high interest savings account with some restrictions so that they are less tempted to touch their savings pot. The savings account can be opened for children of all ages but if they're under 12 the account has to be opened in the name of the adult.
Any catches?
This is really a savings account for people who want to do their banking online. If you want to do your banking over the phone, via the ATM or in branch With the Progress Saver you only get 1 free transaction. After which you'll have to pay $1 ($2.50 over the counter) per transaction.
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
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Balances from $0: 0.01% p.a.
-
Balances from $0: 1.60% p.a.
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Bonus interest when you make a single deposit of $10 or more in a month and no withdrawals
Fees
-
$0.00
-
n/a
-
1 free transaction per month from phone, branch withdrawal; unlimited free transactions from internet.
-
n/a
-
n/a
-
n/a
-
$0.00
-
$2.50
-
n/a
-
$1.00
-
$0.00
-
n/a
Other financial bits
-
$10.00
-
$10.00
-
Monthly
Features
-
no
-
none
-
no
-
no
-
no
-
yes
-
no
-
yes
-
yes
-
no
-
no
-
none
-
none
-
none
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: 0.01% p.a.
-
Balances from $0: 1.60% p.a.
-
Bonus interest when you make a single deposit of $10 or more in a month and no withdrawals
Fees
-
$0.00
-
n/a
-
If you are under 18, you wont pay additional ANZ Transaction fees for certain additional ANZ Transactions including Staff Assisted Transactions and Electronic Transactions (for eligible customers). A withdrawal will prevent you from qualifying for bonus interest in that month.
-
n/a
-
n/a
-
n/a
-
$0.00
-
$0.00
-
n/a
-
$0.00
-
$0.00
-
n/a
Other financial bits
-
$10.00
-
$10.00
-
Monthly
Features
-
no
-
none
-
no
-
no
-
no
-
yes
-
no
-
yes
-
yes
-
no
-
no
-
none
-
none
-
Under 18
Customer Reviews
How are ANZ savings accounts rated by the Mozo community?
Latest reviews of ANZ Progress Saver
- Overall10/10
Very easy to save with the ANZ Progress Saver.
Great account for savings, make a small deposit each month with bonus interest if no withdrawals...
Read full review
Great account for savings, make a small deposit each month with bonus interest if no withdrawals in the month. Can access the funds if necessary and only miss interest that month. NO fees, how good is that.
Price10/10Features9/10Customer service10/10Convenience10/10Trust10/10Less
Mandy | Queensland
reviewed 11 days ago
- Overall10/10
Terrific customer service & great online banking!
Have only ever had positive experiences with them over several calls, and across several...
Read full review
Have only ever had positive experiences with them over several calls, and across several branches. Online Banking is simple and easy to use.
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Kim | Queensland
reviewed 29 days ago
- Overall9/10
My bank for life.
I have been with ANZ since my mother set up a savings account when she was alive for me. I have...
Read full review
I have been with ANZ since my mother set up a savings account when she was alive for me. I have not changed or looked at any other banks as ANZ have always helped me in store and over the phone straight away. I have used travel cards and apps and works quick and easy.
Price8/10Features5/10Customer service8/10Convenience9/10Trust9/10Less
Jade | South Australia
reviewed about 1 month ago
- Overall10/10
Simple terms, superb results, satisfied customer.
My ANZ Progress Saver is growing well, with interest paid every month. The terms and conditions...
Read full review
My ANZ Progress Saver is growing well, with interest paid every month. The terms and conditions are simple to understand and ideal for an aged pensioner like me with no other income, and my local branch is convenient when face to face support is needed. I completely trust that my limited finances are in the best hands.
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Suzanne | New South Wales
reviewed about 1 month ago
- Overall4/10
Mid-range saver account.
The bonus interest is only paid if you make a deposit of at least $10 and no withdrawals during...
Read full review
The bonus interest is only paid if you make a deposit of at least $10 and no withdrawals during the month. The interest rate is not comparable to other banks.
Price4/10Features4/10Customer service7/10Convenience7/10Trust5/10Less
Jessica | South Australia
reviewed about 1 month 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.
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