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Start saving

People save in different ways and for different reasons. Maybe you're saving for a holiday, a home or you've just landed a new job. Whatever the reason, these saving tips could be a good starting point for your savings plan.


Set a goal

If you have a clear goal it can be easier to set money aside regularly. Ask yourself:

  • What am I saving for?
  • How much do I need to save?
  • How much can I afford to put aside?
  • When do I need to reach my goal by?

A dedicated savings account and a savings plan could help you reach your saving goals.

Make a budget

Once you have thought about these questions it's time to create a budget. Work out your extra income after you cover all your necessary costs. The ANZ Budget Planner can help you get a clear idea of what your budget could look like. 

  ANZ Budget Planner


Estimate your potential savings

See how much you could save with different ANZ accounts. 

 ANZ savings calculator

ANZ term deposit calculator

Choose the right accounts

A dedicated savings account and a savings plan could help you reach your saving goals. Think about how often you will need to access your savings and how you would like to earn interest.

It could be worth considering using multiple accounts to help you save. You could remove the temptation to access your money by opening a term deposit with a fixed investment term. Plus, at the same time keep some of your money accessible but still earning interest in a dedicated savings account. 

Make sure you consider things like bonus interest offers and incentives for making regular deposits when you choose your accounts.  

Savings accounts

You could consider getting multiple savings accounts - one with access to your savings for emergencies and another that encourages you to stick to your savings plan. 

Compare our savings accounts

Term deposits

If you already have a lump sum set aside of more than $5,000 you could consider a term deposit. A term deposit allows you to invest your money for a fixed term with the certainty of fixed return.disclaimer

Compare our term deposits

Make regular payments

You can set up regular payments so you are putting some of your income into your savings accounts. Think of your savings account as just another bill that has to be paid each month or week. Depositing even just a little regularly can make a big difference.  

Set up regular payments

Make saving part of your routine.

Make the most of your money

After you have started saving it's time to find ways to cut back on unnecessary expenses. Make every dollar count! 

Here are some actions you could consider:

  • Talk to someone about whether consolidating existing debts could help you save on interest
  • Make sure your banking is set up to make the most of your money
  • Are there any memberships or subscriptions that you never use and could cancel? 
  • Cut back on indulgences like buying lunch
  • Keep track of your spending using a diary or mobile app


Don't give up!

Everyone finds it difficult to save sometimes. Stay focused on your goal and start to see your savings grow. Then when you look back you'll be glad you started saving. Keep your eye out for new and innovative ways to save - online can be a good source of new ideas. Don't forget to review your saving accounts and habits regularly.

All applications for credit are subject to ANZ’s credit assessment criteria. Terms and conditions are available on application. Fees and charges apply. 

The information set out above is general in nature and has been prepared without taking into account your objectives financial situation or needs.  By providing this information ANZ does not intend to provide any financial advice or other advice or recommendations.  You should seek independent financial, legal, tax and other relevant advice having regard to your particular circumstances.

Different interest rates apply to different investment amounts, terms and interest frequencies. Restrictions, fees and interest reductions apply to early withdrawals from term deposits.

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