ANZ

Set a money saving goal:
Decide why you want to maximise savings, what you are saving for and how much smart saving you'll need to do. Think about whether money saving is a short-term goal for you (less than two years) or long-term goal (more than two years).

Use the Saving Goal Calculator to determine how much money you need to save to reach your goal, or use the Savings Over Time Calculator to estimate how much your money can grow if you deposit funds on a regular basis.

• Savings Goal Calculator
• Savings Over Time Calculator

Make a budget
Once you have set your goal, you should work out a budget. This allows you to estimate how much 'surplus' income you will have each month to put towards your savings. Use the ANZ Budget Planner to estimate how much 'surplus' income you will have to save.

• ANZ Budget Planner

How do I start saving?
A good way to start saving is to make a lump sum deposit into a separate savings account and make regular deposits each pay day.

How do I choose the best money saving option for me?
Use ANZ ATMs to withdraw cash from your ANZ accounts, to avoid fees charged for using other banks ATMs. ANZ ATM balance enquiries on your ANZ accounts are free. A good starting point is to consider the funds you have currently. If you have more than $5,000, then an ANZ V2 PLUS or an ANZ Term Deposit are options you should consider. If you have more than $10,000, then an ANZ Premium Cash Management Account offers the extra functionality of a cheque book and offers higher rates of interest for balances of $100,000 or more.

If you have less than $5,000, an ANZ Progress Saver account may suit your needs.

When choosing between saving options, it is important to consider how frequently you will need to access these funds and what type of interest structure you prefer.

How do I maximise my savings?
Choose account options that most closely align with your banking needs, so you can minimise additional withdrawal fees. To further increase the interest that you earn it is a good idea to put all excess funds into one interest earning account.

Fees and charges