What is the interest rate on ANZ savings account?
Open your first ANZ Online Saver account and you'll receive an introductory fixed bonus rate of 2.15% p.a. for 3 months, on top of the ANZ Online Saver standard variable rate (currently 1.50% p.a.).
| Base rate standard variable rate (subject to change) | 1.50% p.a. |
|---|---|
| Bonus rate disclaimer | 2.15% p.a. |
| Total rate (base rate + bonus rate) for 3 months if current variable rate remains unchanged | 3.65% p.a. |
Go to the Internet Banking log in page. Go to the Settings menu. Under Account Preferences, select View interest and charges summary.
| Savings Account | APY |
|---|---|
| CIT Bank Platinum Savings | 5.05% APY on balances of $5,000 or more; 0.25% APY on balances under $5,000 |
| Salem Five Direct eOne Savings | 5.01% APY |
| Laurel Road High Yield Savings® | 5.00% APY |
| Wealthfront Cash Account | 5.00% APY |
Earn up to 4.50% p.a. interest if you make no withdrawals and deposit $20 or more (not including credit interest) on or before the last business day of the month.
Things you need to know. Interest is calculated at the end of each day and paid monthly into your ANZ Save account. One interest rate applies to your total ANZ Save balance each day. Your daily interest rate will depend on whether your total ANZ Save balance is below $250,000 or $250,000 and above.
Like Commonwealth bank, that will be effective from November 17. ANZ followed suit just hours later, also increasing its variable mortgage rates by a quarter of a per cent on November 17, and Westpac announced its own 0.25 per cent hike would begin on November 21.
- ANZ Plus 'Save' Account.
- MOVE Bank Growth Saver.
- Bank of Queensland Future Saver Account.
- Virgin Money Boost Saver.
- Macquarie Savings Account.
- Great Southern Bank Advantage Saver.
- Rabobank High Interest Savings Account.
- Frequently Asked Questions (FAQs)
ANZ Progress Saver pays bonus interest (in addition to the current variable base interest) in respect of a particular month if the set minimum deposit (currently $10) and no withdrawals, fees or charges are processed to the account on or before the last business day of that calendar month, and after the last business ...
- Evergreen Bank Group – 5.25% APY.
- CFG Bank – 5.25% APY.
- Upgrade – 5.21% APY.
- EverBank (formerly TIAA Bank) – 5.15% APY.
- RBMAX – 5.15% APY.
- Bread Savings – 5.15% APY.
- Popular Direct – 5.15% APY.
- Western State Bank – 5.15% APY.
Which bank gives 7% interest on savings account?
Which Bank Gives 7% Interest Rate? Currently, no banks are offering 7% interest on savings accounts, but some do offer a 7% APY on other products. For example, OnPath Federal Credit Union currently offers a 7% APY on average daily checking account balances up to and under $10,000.
Example of APY
If you deposited $100 for one year at 5% interest and your deposit was compounded quarterly, at the end of the year you would have $105.09. If you had been paid simple interest, you would have had $105. It pays 5% a year interest compounded quarterly, and that adds up to 5.095%.
As of March 2024, no banks are offering 7% interest rates on savings accounts. Two credit unions have high-interest checking accounts. Eligibility for these credit unions is limited according to geographic location and other narrow criteria.
ANZ Term Deposits are a low risk investment that delivers a fixed rate of interest over a fixed investment term. If you need reliable income from your deposit and the assurance that your investment is secure and invested with a major bank, a Term Deposit could be for you.
How is ANZ Plus different from ANZ? ANZ Plus is ANZ's digital banking service available in the new ANZ Plus app. The ANZ Plus app has a range of features to provide more visibility and control of your money and spending. You can only access ANZ Plus in the ANZ Plus app.
| Deposit taker | Min. deposit | 6 month |
|---|---|---|
| Kiwibank | $10,000 | 6.15% |
| Rabobank | $1,000 | 6.15% |
| SBS | $1,000 | 6.1% |
| TSB | $1,000 | 6% |
Today, ANZ is one of the world's top 50 banks, operating across more than 30 global markets and having more than 5 million customers. It provides bank accounts, home loans, credit cards and many more financial products to its customers. ANZ has around 2500 ATMS around the country, and around 700 branches.
ANZ will also increase the rate available to savings customers on the ANZ Plus Save account by 0.25% pa, with balances less than $250,000 to increase to 4.90% pa, and balances $250,000 or more to increase to 3.75% pa effective 16 November 2023. ANZ continues to review other deposit rates.
ANZ Progress Saver account
The ANZ progress saver has a very low base interest rate (0.01% p.a). However, the appeal of this product is the bonus interest rate available for customers who make at least one deposit of $10 per more each month, and don't make any withdrawals. Again, there are no account service fees.
| Product | Interest Rate | APR |
|---|---|---|
| 10-year fixed-rate | 5.832% | 6.083% |
| 7-year ARM | 6.733% | 7.553% |
| 5-year ARM | 6.796% | 7.736% |
| 30-year fixed-rate FHA | 5.957% | 6.734% |
What's the interest rate right now?
Today's national mortgage interest rate trends
On Monday, April 01, 2024, the current average interest rate for a 30-year fixed mortgage is 6.88%, falling 10 basis points over the last seven days.
Rates and fees
2.50% p.a. For more details about fees, read ANZ Personal Banking Account Fees and Charges. Interest is banded and paid quarterly.
| Bank | Forbes Advisor Rating | Learn More |
|---|---|---|
| Chase Bank | 5.0 | Learn More Read Our Full Review |
| Bank of America | 4.2 | |
| Wells Fargo Bank | 4.0 | Learn More Read Our Full Review |
| Citi® | 4.0 |
- CITIBANK. ...
- WELLS FARGO. ...
- CAPITAL ONE. ...
- M&T BANK CORPORATION. ...
- AGRIBANK. ...
- COBANK. ...
- AGFIRST. ...
- FARM CREDIT BANK OF TEXAS. Farm Credit Bank of Texas is the fourth member of the U.S. Farm Credit System, providing wholesale lending and business services in states like Texas, Alabama, and New Mexico.
| Bank | Savings Account | Base Interest Rate |
|---|---|---|
| Rabobank Australia | Rabobank Australia 60 day Notice Saver (under $250k) | 5.20% p.a. |
| Australian Unity | Australian Unity Freedom Saver (Amounts <$50000) | 5.20% p.a. |
| BCU Bank | BCU Bank Bonus Saver ($0+) | 1.00% p.a. |
| P&N Bank | P&N Bank Hi Saver | 1.00% p.a. |
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