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The details shown below are for the Progress Saver
The details shown below are for the Progress Saver (Kids)
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Name | |
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| Progress Saver |
| Progress Saver (Kids) |
Progress Saver
Progress Saver (Kids)
ANZ Progress Saver
ANZ Progress Saver
Last updated: 11 October 2019.
1.60% ongoing bonus rate (with minimal conditions)
No monthly account fee
only 1 free ANZ transaction per month
0.01% p.a standard interest rate
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.
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.
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.
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.
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
$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
$10.00
$10.00
Monthly
no
none
no
no
no
yes
no
yes
yes
no
no
none
none
none
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
$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
$10.00
$10.00
Monthly
no
none
no
no
no
yes
no
yes
yes
no
no
none
none
Under 18
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.
Less
Mandy | Queensland
reviewed 6 days ago
Have only ever had positive experiences with them over several calls, and across several...
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Have only ever had positive experiences with them over several calls, and across several branches. Online Banking is simple and easy to use.
Less
Kim | Queensland
reviewed 24 days ago
I have been with ANZ since my mother set up a savings account when she was alive for me. I have...
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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.
Less
Jade | South Australia
reviewed about 1 month ago
My ANZ Progress Saver is growing well, with interest paid every month. The terms and conditions...
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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.
Less
Suzanne | New South Wales
reviewed about 1 month ago
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.
Less
Jessica | South Australia
reviewed about 1 month ago
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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