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.
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
FEATURED
Savings Accelerator
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%
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Harry O'Sullivan
Denise Raward
Jacob Cocciolone
