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ANZ Advance Notice Term Deposit

Best rate (up to 1 year)
1.00% p.a.8 months
Interest paid to another bank?
no

Mozo editorial review ANZ Advance Notice Term Deposit

Last updated: 11 June 2020.

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What's hot
  • 1.00% interest rate for 8 months
  • 0.85% interest rate for 1 year
  • Wide range of deposit term options from 1 month to 5 years
What's not
  • Early withdrawal has 31 day waiting period
Mozo snapshot

If you’re looking for a place to lock your savings away, ANZ’s Advance Notice Term Deposit could be just the place. With a competitive 8 month rate of 1.00% and healthy rates from 0.85% on deposits from 3 years, whether you deposit your funds with ANZ for a short or long period, you could earn a fair amount in interest. Keep in mind, the minimum deposit amount is $5,000, so if you have a big stash that you don’t need to touch for a little while, this may be a term deposit worth considering.

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Key features

Whether you’re a commitment-phobe or not, ANZ’s Advance Notice Term Deposit has a wide variety of terms that could suit your savings strategy. At the moment, ANZ is offering a special rate of 1.00% on 8 month terms and 0.85% on 1 year terms which could be the perfect short stay option for your savings while you figure out what to do next. But get in quick it’s only for a limited time! 

In addition, ANZ have an instant rollover feature, so if you decide to keep your money locked away once your term reaches maturity, you can. Just bear in mind that your rate may be subject to change after the initial loan period. 

ANZ don’t only offer competitive rates on shorter terms though. On its 3 year term it offers a solid 0.85% interest rate, and 0.90% on 5 year terms. If you have a long term goal and you need to keep your hands off your money, this could be a great way to ensure your money stays out of arm’s reach and earning interest. 

There is also a 31 day notice restriction on ANZ’s Advance Notice Term Deposit, meaning if you want to break your fast and withdraw from your savings, you must give at least a month’s notice before you have access.

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Who is it good for

With its current special offer on 8 month terms, the ANZ Advance Notice Term Deposit could suit anyone with a short-term savings goal who has a solid savings stash their wanting to earn interest on.

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Any catches

Keep in mind this term deposit is not for small bags of cash, as the minimum deposit amount is $5,000. Also remember that you must give 31 days notice if you want to withdraw your funds.

Details

Rates and fees information correct as at 5 July 2020. 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
  • 0.25% p.a. ($5,000 to $99,999)

  • 0.35% p.a. ($5,000 to $99,999)

  • 0.75% p.a. ($5,000 to $99,999)

  • 0.65% p.a. ($5,000 to $99,999)

  • 0.65% p.a. ($5,000 to $99,999)

  • 0.75% p.a. ($5,000 to $99,999)

  • 0.65% p.a. ($5,000 to $4,999,999)

  • 1.00% p.a. ($5,000 to $99,999)

  • 0.70% p.a. ($5,000 to $99,999)

  • 0.70% p.a. ($5,000 to $99,999)

  • 0.70% p.a. ($5,000 to $99,999)

  • 0.85% p.a. ($5,000 to $99,999)

  • 0.85% p.a. ($5,000 to $99,999)

  • 0.85% p.a. ($5,000 to $99,999)

  • 0.85% p.a. ($5,000 to $99,999)

  • 0.85% p.a. ($5,000 to $99,999)

  • 0.90% p.a. ($5,000 to $99,999)

Other financial bits
  • $5,000.00

  • $4,999,999.00

Features
  • direct credit, cheque

  • no

  • yes

  • 31 days notice required if customers want to withdraw their funds before the maturity date.

  • none

*Different interest rates apply to different amounts or different interest payment frequencies.

Customer Reviews

How are ANZ term deposits rated by the Mozo community?

Overall customer rating
7.2/10
Price
6.6/10
Features
6.0/10
Customer service
7.3/10
Convenience
7.6/10
Trust
7.5/10
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.

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