21 years of financial empowerment

As the largest and longest running matched savings program in the world, Saver Plus has had a profound impact on participants and their families.

Read the 2024 Saver Plus Impact Report.

ANZ proudly developed Saver Plus with Brotherhood of St Laurence in 2003. Since then, Saver Plus has evolved and is now delivered online, improving access for more eligible people in Australia.

Saver Plus distinguishes itself from other financial education programs by supporting not just financial capability but also behavioural change, using incentives and a goal setting to develop financial skills and habits.

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Saver Plus at 21 – building resilience that lasts

After 21 years, Saver Plus is the world’s largest matched savings and financial education program, helping over 61,000 save more than $30 million since 2003.

Over the same period, ANZ has contributed around $26 million in matched funds to support participants’ and their families’ education journeys.

Saver Plus has continued to help build long-term savings habits for participants, underpinned by improved financial skills and confidence.

These changes have enabled participants to reduce financial stress and improve overall confidence and wellbeing.

In undertaking the latest program evaluation, 953 previous Saver Plus participants were surveyed to understand their financial situation, behaviours and attitudes following the program. Program data, including enrolment and budget data, were also analysed. This study was undertaken during a period of uncertainty and rising living costs, with Saver Plus continuing to deliver benefits and reduce financial harms during tough times

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Speaking about her experience in the program, Saver Plus participant Danielle said:

“My husband and I weren’t saving at all. I still remember having the conversation with the Saver Plus coordinator on how to manage [saving] $50 dollars a month. One thing that stuck with me is the repetition. Making sure to put money aside every week and I’m still doing that today. I ended up losing most of my work through COVID. But we managed to still save.”

Danielle and her family purchased their first home in Queensland in 2021.

“The sense of achievement that came out of it. I’ve managed to put all that money aside all by myself. I feel very empowered,” she says.