ANZ Term Deposit

1.05% p.a.1 year

no

ANZ Term Deposit

1.05% p.a.1 year

no

Mozo Review   ANZ Term Deposit Review

Last updated: 16 September 2019.

What's hot:
  • Terms up to 5 years

  • No service fees

What's not:
  • Maximum deposit limit of $99,999

Mozo snapshot:

If you’re hoping to stash away a lump sum for the long term without the hassle of set-up costs or monthly service fees, then the ANZ Term Deposit may be what you’re looking for. With terms of up to 5 years, the ANZ Term Deposit offers the certainty of fixed returns for any savers searching for a set-and-forget option.

Key features:

The ANZ Term Deposit offers terms from as short as 1 month all the way up to 5 years. Savers who invest for 6 months will be able to receive a 1.00% p.a. interest rate when they invest between $5,000 (minimum) and $99,999 (maximum). At 2 years, the interest rate increases to 1.30% p.a., while investing your funds for 5 years earns you a 1.55% p.a. interest rate. 

Bear in mind that the ANZ Term Deposit has an automatic rollover feature, so make sure to let ANZ know if you want to withdraw your funds at the end of your investment period. If you don’t notify them, your account will roll into a new term and you might get a lower interest rate.

Who it's good for:

The ANZ Term Deposit could be a good choice for Aussies looking for a low-maintenance place to store away a bit of cash for the long term.

Any catches?

The ANZ Term Deposit doesn’t pay interest to another bank, so you’ll need to have an ANZ bank account to receive interest on your term deposit.

Details

Rates and fees information correct as at 18 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
  • 0.85% p.a. ($5,000 to $99,999)

  • 0.85% p.a. ($5,000 to $99,999)

  • 1.00% p.a. ($5,000 to $99,999)

  • 1.00% p.a. ($5,000 to $99,999)

  • 1.00% p.a. ($5,000 to $99,999)

  • 1.00% p.a. ($5,000 to $99,999)

  • 1.00% p.a. ($5,000 to $99,999)

  • 1.00% p.a. ($5,000 to $99,999)

  • 1.00% p.a. ($5,000 to $99,999)

  • 1.00% p.a. ($5,000 to $99,999)

  • 1.00% p.a. ($5,000 to $99,999)

  • 1.05% p.a. ($5,000 to $99,999)

  • 1.05% p.a. ($5,000 to $99,999)

  • 1.30% p.a. ($5,000 to $99,999)

  • 1.30% p.a. ($5,000 to $99,999)

  • 1.45% p.a. ($5,000 to $99,999)

  • 1.55% p.a. ($5,000 to $99,999)

Other financial bits
  • $5,000.00

  • $99,999.00

Features
  • direct credit, cheque

  • no

  • yes

  • none

  • 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

Latest reviews of ANZ Term Deposit

  • Overall
    10/10
    id reckomend them to anyone

    they are just really good what can i say

    they are just really good what can i say

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

    Lee |

    reviewed over 4 years ago

  • Overall
    2/10
    OK to operate, hopeless to set up

    I have several accounts with ANZ. The average wait time to set up a simple account in a branch is...

    I have several accounts with ANZ. The average wait time to set up a simple account in a branch is more than 1/2 hr. They have recently lost an account of mine. I am seriously looking at alternatives.

    Price
    3/10
    Features
    2/10
    Customer service
    1/10
    Convenience
    3/10
    Trust
    3/10

    Andrew | Victoria

    reviewed over 5 years ago

  • Overall
    6/10
    Better term deposit rates in person

    We have a term deposit with ANZ as it is located close to where we live. The rate we get at the...

    We have a term deposit with ANZ as it is located close to where we live. The rate we get at the branch is better than the rate we get by mail.

    Price
    5/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    6/10
    Trust
    6/10

    Liduina | Victoria

    reviewed almost 6 years ago

  • Overall
    6/10
    Great service by friendly people

    Friendly people and service.

    Friendly people and service.

    Price
    4/10
    Features
    5/10
    Customer service
    10/10
    Convenience
    4/10
    Trust
    8/10

    Lesley | Victoria

    reviewed almost 6 years ago

  • Overall
    10/10
    Very informative and explanatory

    Spoke to me about various options for investment. Discussed the pros and cons - very informative....

    Spoke to me about various options for investment. Discussed the pros and cons - very informative. Explained how withdrawals work and how they will automatically renew if advised. Send letters with status of investment, amount of interest and balances.

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

    Margaret | South Australia

    reviewed almost 6 years 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.

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