ANZ Progress Saver

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

2.40% p.a. (for $0 and over)

 

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

2.40% p.a. (for $0 and over)

 

ANZ Progress Saver Review

Rates and fees information correct as at 16 November 2018.

Review published: 10 February 2012

What's hot:

  • 2.40% ongoing bonus rate

  • 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 competitive ongoing 2.40% 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 2.40% special ongoing bonus is pretty alluring and 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.

How are ANZ savings accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.4

Based on 6085
ANZ savings accounts reviews

6.6 6.2 7.4 7.9 7.5

Read ANZ savings account reviews by the Mozo community

Latest reviews of ANZ Progress Saver

ANZ

ANZ Progress Saver savings account review

Overall rating   3 / 10

The local branch has been helpful when needed

The fees for accounts are quite high considering all it does is sit there.

Full review

The fees for accounts are quite high considering all it does is sit there.

    Price   3 / 10

    Features   3 / 10

    Customer service   5 / 10

    Convenience   7 / 10

    Trust   5 / 10

Less

Leanne, South Australia, reviewed 9 days ago

ANZ

ANZ Progress Saver savings account review

Overall rating   3 / 10

Good customer service

The customer service is good, but the big banks don't care about the little people and they never have.

Full review

The customer service is good, but the big banks don't care about the little people and they never have.

    Price   1 / 10

    Features   2 / 10

    Customer service   7 / 10

    Convenience   5 / 10

    Trust   2 / 10

Less

Robert, New South Wales, reviewed about 1 month ago

ANZ

ANZ Progress Saver savings account review

Overall rating   7 / 10

Have never had any problem left unresolved

Customer service is exemplary. I am a bit old and the workers have always been polite and extremely helpful. Although I feel a bit like an old fool sometimes, they always make me feel comfortable. They make sure they I understand and queries I have.

Full review

Customer service is exemplary. I am a bit old and the workers have always been polite and extremely helpful. Although I feel a bit like an old fool sometimes, they always make me feel comfortable. They make sure they I understand and queries I have.

    Price   5 / 10

    Features   5 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   10 / 10

Less

Pauline, Victoria, reviewed about 1 month ago

ANZ

ANZ Progress Saver savings account review

Overall rating   9 / 10

Very easy

ANZ is a very good bank that meets all my needs. This includes easy access, good customer service, nice and helpful staff and very trustworthy. I would definitely recommend ANZ to family and friends.

Full review

ANZ is a very good bank that meets all my needs. This includes easy access, good customer service, nice and helpful staff and very trustworthy. I would definitely recommend ANZ to family and friends.

    Price   10 / 10

    Features   10 / 10

    Customer service   7 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Bianca, Queensland, reviewed about 1 month ago

ANZ

ANZ Progress Saver savings account review

Overall rating   10 / 10

Great customer service and rates

Customer service is great and understanding.

Full review

Customer service is great and understanding.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Megan, Victoria, reviewed about 1 month ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Currently showing

Rates

  • Balances from $0: 0.01% p.a.

  • Balances from $0: 2.40% p.a.

  • Bonus interest when you make a single deposit of $10 or more in a month and no withdrawals

Fees

  • $0.00

  • none

  • 1 free transaction per month from phone, branch withdrawal; unlimited free transactions from internet.

  • none

  • none

  • none

  • $0.00

  • $2.50

  • none

  • $1.00

  • $0.00

  • none

Other financial bits

  • $10.00

  • $10.00

  • Monthly

Features

  • no

  • none

  • no

  • no

  • no

  • yes

  • no

  • yes

  • yes

  • no

  • no

  • none

  • none

  • none

Rates

  • Balances from $0: 0.01% p.a.

  • Balances from $0: 2.40% p.a.

  • Bonus interest when you make a single deposit of $10 or more in a month and no withdrawals

Fees

  • $0.00

  • none

  • 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.

  • none

  • none

  • none

  • $0.00

  • $0.00

  • none

  • $0.00

  • $0.00

  • none

Other financial bits

  • $10.00

  • $10.00

  • Monthly

Features

  • no

  • none

  • no

  • no

  • no

  • yes

  • no

  • yes

  • yes

  • no

  • no

  • none

  • none

  • Under 18

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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