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  1. Home
  2. Term Deposits
  3. Companies
  4. Anz
ANZ

ANZ term deposits

Commonly known as ANZ, the Australian and New Zealand Banking Group Limited is the third largest bank in Australia. ANZ doors first opened in Melbourne in the early 1830s, where its head office remains to this day.

As its name suggests, ANZ operates in both Australia and New Zealand as a retail banking, regional, rural and small business banking and mortgages provider. Since its inception over 170 years ago, the institution has grown to be one of the top 50 banks in the world, and Australia and New Zealand’s largest international banking and financial services group.

Customers can contact ANZ via:

  • Branch
  • Customer service centre (phone)
  • Mobile app
  • Online banking
  • Email
  • Social media
Other available products
Content updated
Product data updated22 Oct, 2023

Important disclosure

Why choose ANZ

Benefits

  • Customer service
  • Variety of term deposits

Drawbacks

  • Some lower-rate term deposits

ANZ Term Deposits

Deposit amount

$

Deposit term (in months)

Interest payment frequency

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Compare
Company
Product
Advance Notice Term Deposit
Real Time Rating™
Features
1 month
Automatic maturity rollover
Joint application available
Maturity alert by phone
Max rate
Min. deposit
Interest rate
Next rate increased

4.75%

p.a

for 12 months

$5,000

1.25%

p.a

for 1 month

1.50%

p.a

for 2 months

Go to site
Compare
Company
Product
Term Deposit
Real Time Rating™
Features
1 month
Automatic maturity rollover
Joint application available
Maturity alert by phone
Max rate
Min. deposit
Interest rate
Next rate increased

0.15%

p.a

for 12 months

$5,000

0.05%

p.a

for 1 month

0.10%

p.a

for 6 months

Go to site

Term Deposits calculator

Use our term deposit calculator to see how much you can earn under different investment scenarios.

$
months

Final balance at the end of term would be

at interest rate 1.25 %

About ANZ term deposits

ANZ offers term deposits from 7 days up to 5 years. Interest is paid monthly, quarterly, half-yearly or annually. 

ANZ offers two categories of term deposit: standard and advance notice. For the latter, if you give ANZ its required 31 days’ notice to break your term deposit, you may get slightly higher rates. 

Its term deposit rates range from low to moderate, with shorter-term deposits earning less than longer-term deposits, with some special exceptions. 

ANZ does not charge any monthly service fees. However, early termination or break fees may apply. 

ANZ term deposits review

ANZ may not offer the highest rates in the market compared to smaller providers with lower overheads, but it does offer a competitive range of deposit terms with low to moderate rates. 

Some term deposits can be as short as 7 days up to 1 month, which is rare in the term deposit market. 

Customers who choose ANZ will also benefit from strong customer service, including access to over 1,000 branches across the country. 

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