ANZ ANZ Progress Saver — Interest Rate & Review
The ANZ Progress Saver pays bonus interest when you deposit at least $10 and make no withdrawals in a calendar month. ANZ's digital brand ANZ Plus offers higher-rate alternatives.
⚠ You only earn 3.74% in months you meet the conditions. Miss them and you drop to 0.01%. Use the calculator to model your real return.
ANZ ANZ Progress Saver at a glance
The conditions, in plain English
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. | When you make a single deposit of $10 or more in a month and no withdrawals
ANZ, est. 1835. Data source: ANZ Consumer Data Right product feed.
How it compares
| # | Bank & product | Max rate p.a. | Base rate | Conditions | Bonus cap | Fee |
|---|---|---|---|---|---|---|
| 1 |  RabobankRabobank High Interest Savings Account |
5.90%Introductory | 4.00% | Intro rate | $250,000 | No fee |
| 2 |  ubankubank Save |
5.85%Introductory | — | Intro rate | $100,000 | No fee |
| 3 |  INGSavings Maximiser |
5.49%Bonus (conditional) | 0.01% | Monthly conditions | — | No fee |
| 4 |  MacquarieMacquarie Savings Account |
5.35%Introductory | 5.00% | Intro rate | $250,000 | No fee |
| 5 |  UpUp Saver |
5.35%Ongoing (unconditional) | 5.35% | No monthly conditions | $5,000 | No fee |
Sorted by maximum advertised rate (an objective sort, not a recommendation). “Max rate” is the highest rate the product can pay; most require monthly conditions or are introductory. Base rate is what you earn if conditions aren’t met / after the intro period. Figures from Open Banking feeds, 24 August 2026 — verify with the bank.
See the full savings account comparison →
ANZ savings — FAQ
What is the ANZ ANZ Progress Saver interest rate?
As of 24 August 2026, the ANZ ANZ Progress Saver pays a maximum of 3.74% p.a. (bonus (conditional)), with a base rate of 0.01%. Rates change with the RBA cash rate and out of cycle — confirm the current rate with the bank.
How do I earn the maximum ANZ rate?
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. Bon
Is there a balance cap on the ANZ bonus rate?
No specific bonus balance cap was published in the bank’s Open Banking feed — check the terms.