ANZ Plus will also include a new dynamic card verification value (CVV), providing customers with an extra layer of fraud protection when shopping either online or over the phone.

The extra security feature provides a digital alternative to the static three-digit number on the back of a payment card with a code that automatically updates every 12 hours within the ANZ Plus app.

A recent report from the Australian Competition and Consumer Commission (ACCC) revealed $227 million was lost to payment redirection scams in 2021.

ANZ Plus was launched back in March, offering customers savings and transaction accounts coupled with smart, digital money management tools.

ANZ recently followed the lead of the RBA for July, passing on a 50 basis point increase to ANZ Plus savings accounts increasing the rate to 2.00% p.a. for balances under $250,000.

No conditions, such as minimum balance or transactions, need to be met to attain the rate.

The 2.00% p.a. savings rate on offer for ANZ Plus customers with no age restrictions is currently one of the most competitive interest rates offered from the major banks.

The list of new ANZ Plus features and functional inclusions are:

  • BPAY - Pay bills using BPAY.
  • PayID - ANZ Plus customers can send payments to a PayID such as a mobile number, email address or ABN.
  • Add digital card to Apple Wallet immediately - Customers can instantly set up digital card when joining ANZ Plus. 
  • Dynamic CVV - Provides a digital alternative to the static three-digit number on the back of the ANZ Plus card.
  • Query a transaction - ANZ Plus customers can dispute all available transaction types via the self-service option.
  • Age to join reduced to 15 years - ANZ Plus customers can begin learning how to manage their money and save earlier.
  • Card-less cash - ANZ Plus customers can securely withdraw cash from an ATM without their card.

ANZ Managing Director Design and Delivery ANZx Peter Dalton said these upgrades were amongst the most requested features from customers.

"Our enhanced retail banking platform, is allowing us to respond quickly to customer feedback and rapidly deliver new features to give people greater visibility and control of their finances, with much more due for delivery in the coming months," Mr Dalton said. 

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Need somewhere to store cash and earn interest? The table below features savings accounts with some of the highest interest rates on the market.

Update resultsUpdate
Filters
BankSavings AccountBase Interest Rate Max Interest Rate Total Interest Earned Introductory Term Minimum Amount Maximum Amount Minimum Monthly Deposit Minimum Opening Deposit ATM Access Joint Application TagsFeaturesLinkComparePromoted ProductDisclosure
5.00% p.a.
5.35% p.a.
Intro rate for 4 months
then 5.00% p.a.
$1,036
4 months
$0
$249,999
$0
$0
  • A high-interest online savings account with no monthly fees, easy withdrawals and award-winning digital banking
  • No withdrawal notice periods or interest rate penalties
  • Save up to 10% on eGift cards at over 50 retailers with Macquarie Marketplace
 Disclosure
4.70% p.a.
5.40% p.a.
Intro rate for 4 months
then 4.70% p.a.
$998
4 months
$250,000
$99,999,999
$0
$0
  • Special offer: Savings Accelerator (Kick Starter offer).
  • For a limited time, new ING customers can get a bonus 0.70% p.a. on their savings rate on balances of $150,000 up to $500,000 for the first 4 months. T&Cs apply.
  • If your balance is over $500,000 (but less than $5 million) you will earn the ongoing variable rate of 4.7%
 Disclosure
0.00% p.a.
Bonus rate of 5.50%
Rate varies on savings amount.
5.50% p.a.
$1,128
–
$0
$99,999
$0
$0
  • Set up your Pay Cycle and connect your accounts from over 140 financial institutions.
  • Retrace your spending steps into categories with Spending Footprint.
  • No monthly or international fees on any of your transactions.
 Disclosure
1.00% p.a.
Bonus rate of 4.20%
Rate varies on savings amount.
5.20% p.a.
$1,065
–
$0
$99,999,999
$1,000
$0
  • Earn up to 5.20% pa by depositing $1,000 in the previous month
  • No account fees
  • Easy access to your money
0.55% p.a.
Bonus rate of 4.95%
Rate varies on savings amount.
5.50% p.a.
$1,128
–
$0
$99,999
$1,000
$0
  • Deposit at least $1,000+ each month from an external source
  • Make 5 or more eligible transactions. Grow your savings balance each month
 Disclosure
  • Set up your Pay Cycle and connect your accounts from over 140 financial institutions.
  • Retrace your spending steps into categories with Spending Footprint.
  • No monthly or international fees on any of your transactions.

More details
Important Information and Comparison Rate Warning

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 . View disclaimer.

Important Information and Comparison Rate Warning

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