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ANZ Progress Saver

Saving for a house, car, holiday or rainy day? Earn a base rate, plus you could earn bonus interest when you deposit at least $10 in one transaction and don't withdraw or transfer money out.disclaimer

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Get started with ANZ Progress Saver

How bonus interest works

Deposit at least $10

Make at least a single deposit of $10 or more in a month.disclaimer


Make no withdrawals

Make no withdrawals (including transfers), or incur any fees and charges in the month.


In any given month you could earn

Total rate*

*Base interest  + bonus interest

Can't make a deposit or need to make a withdrawal in a month?

That’s OK, you’ll still get the base rate of interest and will be eligible to qualify for bonus interest again the following month.

Base rate of interest

Benefits and features

ANZ Progress Saver benefits and features

  • Qualify for bonus interest when you make at least a single deposit of $10 or more in a month and make no withdrawals or incur any fees and charges.disclaimer
  • Enjoy no monthly account service fees.
  • It’s great for Kids Banking.disclaimer ANZ Progress Saver makes it easy for kids to watch their savings grow.
  • Under 18s can apply for a ANZ transaction fees waiver.disclaimer
  • Eligible for the set a savings goal ANZ Appdisclaimer feature


Withdrawal fees

In any month, your first ANZ Transaction incurs no fees (but it will disqualify you from earning bonus interest for that month). From your second ANZ transaction onwards, the following fees and charges apply.


App and Internet Banking Transactions

$0.00 each

Electronic Transactions

$1.00 each

Staff Assisted Transactions

$2.50 each


How to apply

Take a moment to review how ANZ Progress Saver works to help you decide if it's right for you.



  • Bonus interest if you deposit at least $10 in one transaction and don't withdraw or transfer money out (or incur fees and charges)disclaimer
  • No monthly account service fees
  • Unlimited internet banking transactions
  • One other fee-free ANZ Transaction each month
  • The ability to make payments online, by phone or in-branch

Things to consider

  • Taking money out or incurring any fees or charges disqualifies you from earning bonus interest for that month
  • If you don't qualify for bonus interest, you'll get the base ratedisclaimer
  • Generally, ANZ won’t process a transaction that will overdraw your account. However, if your account is overdrawn, you may be charged fees and interestdisclaimer
  • Other charges may apply after the first ANZ Transactiondisclaimer
  • Set up a monthly transfer to ensure you make a deposit
  • Cheque books aren't available
  • This account is for personal use
  • If you want a more flexible saving option, try our Online Saver Accountdisclaimer

Apply online

If you're ready to apply online and have your documents  handy, you can get started now.

Eligibility criteria:

  • Australian residents
  • An Australian residential and mailing address
  • 12 years or older
  • This account is for personal use

Apply now

Other ways to apply

ANZ Internet Banking

If you’ve registered, log in and select Open a new account. Then the click on the Bank accounts tab and look for ANZ Progress Saver.

Log in

Call us

We're available Mon-Fri 8.00am to 8.00pm (AEST).

13 33 33

Visit a branch

Locate an ANZ branch near you.

Locate us

Ready to apply?

Apply now

It takes less than 10 minutes to apply.

Other ways to apply: Visit any ANZ Branch or call 13 33 33 Mon to Fri, 8am to 8pm.

Get the ANZ App

Join over 3 million users who are taking care of the day to day with the ANZ Appdisclaimer. Check your balance, pay bills or set a savings goal* to help you save for that much-needed holiday, your new home, just for a rainy day or whatever matters most.


* Available on ANZ Online Saver and ANZ Progress Saver accounts.

Get more from your account

Saving tips

We've put together some tips to help you start saving and make saving part of your daily routine.

Learn more 


Kids Banking

ANZ Progress Saver makes it easy for kids to watch their savings grow. Kick start their savings journey today and help them save for their future.disclaimer

Learn more 


Saver Plus

Complete the program and ANZ will match your savings, up to $500, toward education-related expenses for you or your children. Find out if you're eligible to participate.

Learn more

Term deposits

If you’re looking for something more long term, then an ANZ Term Deposit account might be the one for you. Enjoy a known rate of return for your choice of term.

Learn more 


Are you a concession card holder?

If you are a concession card holder or receiving Government benefits, you may be eligible for one of ANZ's concession everyday bank accounts. Find out more about our concession accounts - ANZ Pensioner Advantage and ANZ Access Basic.

Understand more

For ANZ Online Saver accounts, ANZ Access Advantage accounts, ANZ Progress Saver accounts, ANZ Premium Cash Management Accounts and ANZ Pensioner Advantage accounts we will work out interest on the balance of your account at the end of each day.

Learn more

Use our calculators to estimate how much interest you could earn.

Savings Calculator

We will pay the base interest and, if applicable, the bonus interest calculated for each calendar month into your account on the last business day of that month.

Learn more

When using ANZ Internet Banking or the ANZ App, you’ll be reimbursed for any unauthorised transactions, provided that you have complied with the Electronic Banking Conditions of Use.

Find out more about ANZ's internet banking security

Some extra peace of mind for banking in Australia. Deposits of up to $250,000 with ANZ can be covered by the Australian Government’s Financial Claims Schemedisclaimer. This means that this money is guaranteed if anything happens to ANZ.

Contact Us

Make an appointment

Contact us to make an appointment.

Get in touch

Call us

General enquiries.

13 33 33

Visit a branch

Locate an ANZ branch near you. 

Find a branch

Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you. ANZ recommends you read the ANZ Saving & Transaction Products Terms and Conditions (PDF 427kB) and the Financial Services Guide (PDF 112kB) which are available at or by calling 13 13 14 before deciding whether to acquire, or continue to hold, the product. Fees, charges and eligibility criteria apply.

Apple, the Apple logo, iPhone and iPad are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

Android, Google Play and the Google Play logo are trademarks of Google Inc.

BPAY®  is registered to BPAY Pty Ltd ABN 69079137518.

Bonus interest is subject to eligibility. 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 day of the previous calendar month. Bonus and base rates are variable and subject to change.


For children under 12, a parent or guardian will need to open the account in Trust for the child. Customers aged 12 to 17 who can sign a consistent satisfactory signature can open an account in their own name or as a joint account with a parent or guardian.


Customers aged under 18 need to show proof of age at an ANZ branch in order to receive their transaction fees waiver. Fees and charges apply. Please refer to ANZ Personal Banking Account Fees and Charges (PDF 544kB) for fees and charges that apply.


The ANZ App is provided by Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Super, Shares and Insurance (if available) are not provided by ANZ but entities which are not banks. ANZ does not guarantee them. This information is general in nature only and does not take into account your personal objectives, financial situation or needs. ANZ recommends that you read the ANZ App Labels and Conditions available here for iOS and here for Android and consider if this service is appropriate to you prior to making a decision to acquire or use the ANZ App.


Fees, charges and debit interest may apply. Please refer to ANZ Personal Banking Account Fees and Charges (PDF 180kB).


One fee-free ANZ Transaction per month. Additional ANZ Transactions charged as: Electronic Transactions $1.00 each, Staff Assisted Transactions $2.50 each. ANZ Internet Banking transactions are free. ANZ Transactions, Electronic Transactions, Staff Assisted Transactions and Internet Banking Transactions are defined in the ANZ Personal Banking Account Fees and Charges (PDF 132kB) booklet. Any withdrawals in a particular month, including those that are free of charge, will disqualify you from bonus interest for that month.


ANZ Online Saver is only available to customers who open or who are the account holders of, or signatories to, eligible ANZ everyday banking accounts with ANZ Internet Banking or ANZ Phone Banking access. Eligible accounts include ANZ Access Advantage, ANZ Access Select, ANZ Access Basic, ANZ Pensioner Advantage, ANZ Progress Saver, ANZ V2 PLUS and ANZ Premium Cash Management Account. Terms and conditions and fees and charges apply to the eligible account.


The guarantee applies to the total balance held in one or more ANZ deposit accounts by each legal entity, up to a maximum amount of A$250,000. For further information please refer to the Financial Claims Scheme.