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What's the difference between ANZ Plus Growth Saver and an ANZ Plus Flex Saver?

Whats the difference between ANZ Save and an ANZ Plus Flex Saver

Both ANZ Plus Growth Saver and ANZ Plus Flex Saver are savings accounts that earn interest.

Here are the key differences:

ANZ Plus Growth Saver

ANZ Plus Growth Saver can reward you for saving regularly, with smart tools and features like savings goals that help to keep your savings on track.

You can earn standard and bonus interest on your entire ANZ Plus Growth Saver balance. You'll need to grow your balance by $100 or more (on top of any interest you receive) each month, to qualify for bonus interest. If you don't qualify, only standard interest will apply.

ANZ Plus Flex Saver

ANZ Plus Flex Saver is designed to work with ANZ Plus Growth Saver and give you more flexibility to save, earn and pay without growing your balance each month.

With the ANZ Plus Flex Saver, you can earn banded interest. This means that different interest rates apply to different parts of the effective daily balance. A higher rate applies for that part of the balance that is up to $5,000, and a lower rate applies to that part of your balance that is above $5,000.

You can use the ANZ Plus Flex Saver to set money aside for bills and expenses, and pay them directly from the account. 

The ANZ Plus Flex Saver allows you to make internal transfers, Pay Anyone, direct debits, PayTo, BPAY and PayID payments. Card payments are not available.