The increase comes following the major bank lifting its ANZ Save account rate for ANZ Plus customers by 50 basis points post-RBA's August decision.
Previously, ANZ Save customers were eligible to receive a rate of 2.50% p.a. on balances up to $250,000.
Now sitting at 2.70% p.a, ANZ Save boasts one of the most competitive savings account offerings from a major bank based on Savings.com.au's market research.
ANZ Save customers receive the 2.70% p.a. rate on balances up to $250,000, with balances over this amount receiving a sole rate of 0.05% p.a.
ANZ states interest is calculated based on the effective daily balance of your ANZ Save account, paid monthly.
It's important to note ANZ Plus is a digital product offered through both iOS and Android applications which differs to traditional ANZ saving account offerings.
All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product.
By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here. Rates correct as of December 8, 2023. View disclaimer.