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In any given month you could earn:
Total rate*
*Base interest + bonus interest
To qualify for bonus interest:
- Make at least a single deposit of $10 or more in a month.disclaimer
- Make no withdrawals (including transfers), or incur any fees and charges in the month.
Can't make a deposit or need to make a withdrawal in a month?
That's OK, you'll still get the base rate of interest and you may be eligible to qualify for bonus interest again the following month.
Withdrawal fees
In any month, your first ANZ Transaction incurs no fee (but it will disqualify you from earning bonus interest for that month). From your second ANZ Transaction onwards, the following fees and charges apply:
Transaction type | Fees |
|---|---|
App and Internet Banking Transactions | $0 |
Electronic Transactions | $1.00 each |
Staff Assisted Transactions | $2.50 each |
Looking for concession everyday accounts with no monthly account service fee?
If you hold a concession card, or are receiving Government benefits, you may be eligible for one of ANZ’s concession everyday bank accounts that has no monthly account service fees.disclaimer Have a look at ANZ Access Basic and ANZ Pensioner Advantage.
With an ANZ Progress Saver account you could earn bonus interest when you make at least a single deposit of $10 or more in a month and make no withdrawals or incur any fees and charges.disclaimer
- Earn bonus interestdisclaimer
- Set and track your savings goal
- ANZ Transaction fees waiver for under 18s (on application)disclaimer
- No monthly account service fee
- Great for kids bankingdisclaimer
Looking for a new
bank account?
We've got a handy tool for that.
Our bank account comparison tool will show you some options side-by-side for term deposits, everyday transaction and savings accounts. Compare bank accounts
Features
- Bonus interest if you deposit at least $10 in one transaction and don't withdraw or transfer money out (or incur fees and charges)disclaimer
- No monthly account service fees
- Unlimited ANZ Internet Banking transactions
- One other included ANZ Transaction each monthdisclaimer
- The ability to make payments online, by phone or in-branch
Things to consider
- Taking money out or incurring any fees or charges disqualifies you from earning bonus interest for that month
- If you don't qualify for bonus interest, you'll get the base ratedisclaimer
- Generally, ANZ won’t process a transaction that will overdraw your account. However, if your account is overdrawn, you may be charged interestdisclaimer
- Other charges may apply after the first ANZ Transactiondisclaimer
- Set up a monthly transfer to ensure you make a deposit
- This account is for personal use
- If you want a more flexible saving option, try our Online Saver Accountdisclaimer
Eligibility criteria:
- Australian residents
- An Australian residential address
- 12 years or older
- This account is for personal use
Apply for ANZ Progress Saver
Apply online
If you're ready to apply online and have your documents handy, you can get started now.
For joint account applications, after ANZ has opened your account, you will need to visit an ANZ branch with all account holders to sign a Joint Account Authority Form. You will not be able to access your joint account until this form is signed.
ANZ Internet Banking
If you’ve registered, log in and select open a new account. Then click on the Bank accounts tab and look for ANZ Progress Saver.
The ANZ App
If you are an existing customer, you can apply for an ANZ Progress Saver account in the ANZ Appdisclaimer in minutes. Easy as.
Call us or visit a branch
Call us on 13 33 33 Mon-Fri 8.00am to 8.00pm (Sydney/Melbourne time) or find an ANZ branch near you.
Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you. ANZ recommends you read the ANZ Saving & Transaction Products Terms and Conditions (PDF) and the Financial Services Guide (PDF) which are available at anz.com or by calling 13 13 14 before deciding whether to acquire, or continue to hold, the product. Fees, charges and eligibility criteria apply.
Apple, the Apple logo, iPhone and iPad are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.
Android, Google Play and the Google Play logo are trademarks of Google Inc.
BPAY® is registered to BPAY Pty Ltd ABN 69079137518.
Bonus interest is subject to eligibility. ANZ Progress Saver pays bonus interest (in addition to the current variable base interest) in respect of a particular month if the set minimum deposit (currently $10) and no withdrawals, fees or charges are processed to the account on or before the last business day of that calendar month, and after the last business day of the previous calendar month. Bonus and base rates are variable and subject to change.
ReturnRefer to ANZ Savings & Transaction Products Terms and Conditions (PDF) for criteria.
ReturnCustomers aged under 18 need to show proof of age at an ANZ branch in order to receive their transaction fees waiver. Fees and charges apply. Please refer to ANZ Personal Banking Account Fees and Charges (PDF) for fees and charges that apply.
ReturnFor children under 12, a parent or guardian will need to open the account in Trust for the child. Customers aged 12 to 17 who can sign a consistent satisfactory signature can open an account in their own name or as a joint account with a parent or guardian.
ReturnOne fee-free ANZ Transaction per month. Additional ANZ Transactions charged as: Electronic Transactions $1.00 each, Staff Assisted Transactions $2.50 each. ANZ Internet Banking transactions are free. ANZ Transactions, Electronic Transactions, Staff Assisted Transactions and Internet Banking Transactions are defined in the ANZ Personal Banking Account Fees and Charges (PDF) booklet. Any withdrawals in a particular month, including those that are free of charge, will disqualify you from bonus interest for that month.
ReturnThe ANZ App is provided by Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Super and Insurance (if available) are not provided by ANZ but entities which are not banks. ANZ does not guarantee them. This information is general in nature only and does not take into account your personal objectives, financial situation or needs. ANZ recommends that you read the ANZ App Terms and Conditions available here for iOS (PDF) and here for Android (PDF) and consider if this service is appropriate to you prior to making a decision to acquire or use the ANZ App.
ANZ App for Android is only available on Google Play™. ANZ App for iPhone is only available from the App Store.
Apple, Apple Pay, Apple Watch, Face ID, iPad, iPhone and Touch ID are trade marks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android, Google Play and the Google Play logo are trade marks of Google Inc.
ReturnAll relevant transactions on an ANZ Progress Saver account will be taken into account for the purposes of determining whether bonus interest will be paid on the account in respect of a particular calendar month, even if the transactions do not attract Additional Transaction Fees.
ReturnDebit interest may apply. Please refer to ANZ Personal Banking Account Fees and Charges (PDF).
ReturnANZ Online Saver is only available to customers who open or who are the account holders of, or signatories to, eligible ANZ everyday banking accounts with ANZ Internet Banking or ANZ Phone Banking access. Eligible accounts include ANZ Access Advantage, ANZ Access Basic, ANZ Pensioner Advantage, ANZ Progress Saver, ANZ V2 PLUS and ANZ Premium Cash Management Account. Terms and conditions and fees and charges apply to the eligible account.
ReturnThe guarantee applies to the total balance held in one or more ANZ deposit accounts by each legal entity, up to a maximum amount of A$250,000. For further information please refer to the Financial Claims Scheme.
Return