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

  • Progress Saver

  • Progress Saver (Kids)

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

1.95% p.a. (for $0 and over)

ANZ Progress Saver

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

1.95% p.a. (for $0 and over)

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

1.95% p.a. (for $0 and over)

ANZ Progress Saver

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

1.95% p.a. (for $0 and over)

Mozo Review   ANZ Progress Saver Review

Last updated: 13 September 2019.

What's hot:
  • 1.95% 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 1.95% 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 1.95% 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 22 September 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: 1.95% 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

  • 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 22 September 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: 1.95% 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?

Overall customer rating
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 Progress Saver

  • Overall
    9/10
    Very easy

    ANZ is a very good bank that meets all my needs. This includes easy access, good customer...

    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

    Bianca | Queensland

    reviewed 6 months ago

  • Overall
    9/10
    Great

    ANZ is a great bank. I have been with ANZ bank for a long time now.

    ANZ is a great bank. I have been with ANZ bank for a long time now.

    Price
    7/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    9/10

    Paul | Victoria

    reviewed 8 months ago

  • Overall
    3/10
    The local branch has been helpful when needed

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

    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

    Leanne | South Australia

    reviewed 11 months ago

  • Overall
    3/10
    Good customer service

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

    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

    Robert | New South Wales

    reviewed 11 months ago

  • Overall
    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...

    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

    Pauline | Victoria

    reviewed 12 months 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.

See ANZ savings accounts

Promoted

ANZ

ANZ

Online Saver

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

1.95% p.a. (for $0 and over)

Promoted

UBank

UBank

USaver with Ultra Transaction Account

2.41% p.a. (for $0 to $200,000)

1.35% p.a.(for $0 to $5,000,000)

$0.00

Promoted

Bankwest

Bankwest

Hero Saver

2.10% p.a. (for $0 to $250,000)

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

$0.00

Promoted

Suncorp

Suncorp

Growth Saver Account

2.05% p.a. (for $0 and over)

0.20% p.a.(for $0 and over)

$0.00

Promoted

ING

ING

Savings Maximiser

2.20% p.a. (for $0 to $100,000)

0.50% p.a.(for $0 and over)

$0.00

Promoted

HSBC

HSBC

Serious Saver

2.60% p.a. (for $0 to $1,000,000)

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

$0.00

Promoted

ME

ME

Online Savings Account

2.35% p.a. (for $0 to $250,000)

0.80% p.a.(for $0 and over)

$0.00

Promoted

MyState Bank

MyState Bank

Bonus Saver Account

2.50% p.a. (for $0 to $150,000)

0.80% p.a.(for $0 and over)

$0.00

Promoted

ANZ

ANZ

Online Saver

1.95% p.a. (for $0 and over)

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

$0.00

Promoted

HSBC

HSBC

Serious Saver

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

2.60% p.a. (for $0 to $1,000,000)

Promoted

Newcastle Permanent

Newcastle Permanent

Smart Saver

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

2.55% p.a. (for $0 and over)