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)

1.60% p.a. (for $0 and over)

ANZ Progress Saver

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

1.60% p.a. (for $0 and over)

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

1.60% p.a. (for $0 and over)

ANZ Progress Saver

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

1.60% p.a. (for $0 and over)

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
  • 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

  • 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?

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
    10/10
    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...

    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.

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

    Mandy | Queensland

    reviewed 11 days ago

  • Overall
    10/10
    Terrific customer service & great online banking!

    Have only ever had positive experiences with them over several calls, and across several...

    Have only ever had positive experiences with them over several calls, and across several branches. Online Banking is simple and easy to use.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Kim | Queensland

    reviewed 29 days ago

  • Overall
    9/10
    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...

    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.

    Price
    8/10
    Features
    5/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    9/10

    Jade | South Australia

    reviewed about 1 month ago

  • Overall
    10/10
    Simple terms, superb results, satisfied customer.

    My ANZ Progress Saver is growing well, with interest paid every month. The terms and conditions...

    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.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Suzanne | New South Wales

    reviewed about 1 month ago

  • Overall
    4/10
    Mid-range saver account.

    The bonus interest is only paid if you make a deposit of at least $10 and no withdrawals during...

    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.

    Price
    4/10
    Features
    4/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    5/10

    Jessica | South Australia

    reviewed about 1 month 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

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

1.60% p.a. (for $0 and over)

Promoted

UBank

UBank

USaver with Ultra Transaction Account

2.10% p.a. (for $0 to $200,000)

1.04% p.a.(for $0 to $5,000,000)

$0.00

Promoted

AMP

AMP

Saver Account

2.36% p.a. (for $0 to $250,000)

1.40% p.a.(for $0 to $5,000,000)

$0.00

Promoted

ME

ME

Online Savings Account

2.05% p.a. (for $0 to $250,000)

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

$0.00

Promoted

Suncorp

Suncorp

Growth Saver Account

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

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

$0.00

Promoted

Rabobank

Rabobank

High Interest Savings Account

2.50% p.a. (for $0 to $250,001)

1.05% p.a.(for $0 to $250,001)

$0.00

Promoted

Bankwest

Bankwest

Hero Saver

1.85% p.a. (for $0 to $250,000)

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

$0.00

Promoted

CUA

CUA

eSaver Flexi

No Current Offer

1.30% p.a.(for $0 and over)

$0.00

Promoted

ANZ

ANZ

Online Saver

1.60% p.a. (for $0 and over)

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

$0.00

Promoted

UBank

UBank

USaver with Ultra Transaction Account

2.10% p.a. (for $0 to $200,000)

1.04% p.a.(for $0 to $5,000,000)

$0.00

Promoted

Suncorp

Suncorp

Growth Saver Account

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

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

$0.00

Promoted

Citi

Citi

Online Saver

2.30% p.a. (for $0 to $500,000)

0.85% p.a.(for $0 and over)

$0.00

Promoted

CUA

CUA

eSaver Flexi

No Current Offer

1.30% p.a.(for $0 and over)

$0.00

Promoted

Bankwest

Bankwest

Hero Saver

1.85% p.a. (for $0 to $250,000)

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

$0.00

Promoted

ME

ME

Online Savings Account

2.05% p.a. (for $0 to $250,000)

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

$0.00

Promoted

Newcastle Permanent

Newcastle Permanent

Smart Saver

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

2.30% p.a. (for $0 and over)