ANZ Progress Saver Summary
Description
Savings account with bonus interest if you meet the eligibility criteria.
Benefits
- No monthly savings-account fee.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- For bonus interest, make a deposit of at least $10 each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
On this page
Details
Key details
| Product name | ANZ Progress Saver |
|---|---|
| Maximum variable rate | 4.00% p.a. |
| Ongoing interest rate | 4.00% p.a. |
| Base interest rate | 0.01% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 0.01% |
|---|---|
| Ongoing | 4.00% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | - |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.01% p.a., before bonus interest.
- Ongoing: 4.00% p.a. when bonus conditions are met. No upper cap.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.01% | Whole balance | All balances |
| Ongoing total, conditions met | 4.00% | Whole balance | All balances |
Source: noren.com.au
Share/Export
Requirements
- Make a single deposit of at least $10 in the qualifying month.
- No withdrawals, transfers, fees or charges may be processed in the qualifying month. Processing dates may differ from transaction dates.
- Qualifying transactions are assessed after the last business day of the previous calendar month through the last business day of the current calendar month.
- Provider fee review 29 October 2026: this savings account has no monthly account-keeping fee. This does not waive transaction, statement, special-service or separately linked-account charges, their published conditions still apply.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with ANZ.
- You must be 12 years of age or older to apply
- You must be an Australian resident with an Australian residential and mailing address.
- Age 12 applies to self-opening. A parent or guardian can open an account in trust for a child under 12.
More from ANZ
Similar products
Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected on 31 Oct 2026. Pricing verified on 28 Oct 2026.