The details shown below are for the Progress Saver

The details shown below are for the Progress Saver (Kids)

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  • Progress Saver

  • Progress Saver (Kids)

Interest rate
0.01% p.a.(for $0 and over)
Maximum rate
0.25% p.a. (for $0 and over)
Govt deposit guarantee
Yes up to $250,000
Interest rate
0.01% p.a.(for $0 and over)
Maximum rate
0.25% p.a. (for $0 and over)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review ANZ Progress Saver - last updated: 8 October 2021

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What's hot
  • 0.25% 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 0.25% ongoing bonus rate as long as you make at least a $10 deposit per month and no withdrawals, fees or charges are processed to the account.

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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 0.25% special ongoing bonus is all yours as long as you make a minimum monthly deposit of $10 and no withdrawals, fees or charges are processed to the account.

snapshot
Who is it 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.

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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 3 December 2021. 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: 0.25% p.a.

Bonus interest when you make a single deposit of $10 or more in a month and no withdrawals, fees or charges are processed to the account.

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 3 December 2021. 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: 0.25% p.a.

Bonus interest when you make a single deposit of $10 or more in a month and no withdrawals, fees or charges are processed to the account.

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

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