We know that your finances can change so we make it easy for you to apply for new a ANZ Term Deposit online. You can also apply for products and services to make your existing term deposits work better for you.
How do I request a new ANZ Term Deposit account?
To request a new ANZ Term Deposit account:
- Go to the "Apply" menu.
- Select "Bank accounts".
- Select "Apply now" under any of the term deposit products.
Step 1 - Fill in the term deposit details
Complete the required details about the new term deposit in this section.
Deposit amount: enter the amount you want to invest in your new term deposit. The minimum deposit amount is $5,000.
Funding account: select an account to fund your term deposit, from the drop down list. The initial deposit amount will be deducted from this account when your term deposit is opened.
Term of investment: select the investment period for your term deposit from the drop down list. You can choose from 1-120 months.
Frequency of interest payments: select the frequency required from the drop down list. If your term is less than 12 months you can only select "At Maturity". For a term of 12 months or more you can choose between monthly, quarterly, semi-annually, annually or at maturity.
Step 2 - Enter the interest payment instructions
Choose what you want to do with the interest earned on your term deposit. You can choose between two options:
Reinvest interest: to put the interest back into the term deposit (only available for interest 'at maturity').
Transfer interest: to transfer the interest to a selected linked account.
Step 3 - Enter the principal payment instructions
Choose what you want to do with the principal amount when your ANZ Term Deposit matures. You can choose between two options:
Reinvest principal amount into term deposit: to reinvest the principal amount into your term deposit at maturity.
Transfer principal amount to a selected account: to transfer the principal amount to a selected linked account at maturity.
Step 4 - Complete the tax agreement
Under a tax agreement between the Australia and the United States Governments, ANZ is required to ask you to confirm whether you are a US resident for tax purposes or a US citizen when you open an account.
This is a mandatory selection.
Select Yes if you are:
- a US resident for tax purposes, or
- a US citizen
Select No if this is not applicable to you.
Step 5 - Enter your contact details
Provide your current contact details in case we need to contact you regarding your request.
Select the "Continue" button to proceed.
Step 6 - Review your request
Review your request on the "Apply for a term deposit - review request" page to ensure all information is correct.
If you need to change any details, select "Back" on the bottom left and re-enter any details by following steps 1-5.
Step 7 - Confirm your request
When you are happy with the details provided, click the checkbox to acknowledge and accept the customer authorisation conditions.
Select "Confirm" on the bottom right to confirm your request.
Step 8 - SecureMail sent
The "Apply for a term deposit - SecureMail sent" page will display confirming that a SecureMail has been sent on your behalf requesting term deposit opening as per your instructions.
What happens next?
The ANZ Term Deposit team will process your request and respond to your enquiry accordingly.
The new ANZ Term Deposit will be set up in the name of the account from which the term deposit is being funded.
All requests submitted by 5:00pm Melbourne time on a bank business day will be treated as having an effective date of the same day.
Requests submitted after that time or on a bank holiday will be treated as having an effective date of the next bank business day.
The term deposit will commence on the effective date and the interest rate applicable on the effective date will apply to your deposit.
The new term deposit will be linked to your CRN once it is opened.
A set of terms and conditions will be sent to you once your deposit is opened.
If you wish to cancel this request and close your term deposit, you can do so once the deposit is opened by selecting the "Terminate your term deposit" link.
Requests received within a week of the term deposit being opened will be processed, at the discretion of ANZ, without any charges.
If your investment is greater than $100,000 please call our ANZ Sales team on 13 33 33 (International callers: +61 3 9683 9999 and request to be to be transferred to the ANZ Sales team) from Monday to Friday 8.00am to 8.00pm Melbourne time. We can let you know what rates you may be eligible for.