ANZ Plus Growth Saver Review (2026)
Rates and conditions verified 18 May 2026
Rates can change without notice. Last verified: 18 May 2026 (AEST). Please confirm details on the bank’s official page.
Bonus rate
5.10%
p.a. when conditions met
Balance growth required
$100
net per month (excl. interest)
Platform
App
ANZ Plus app only
About ANZ Plus Growth Saver
The ANZ Plus Growth Saver is a variable-rate savings account available through ANZ's digital banking platform, ANZ Plus. It pays 5.10% p.a. when you grow your savings balance by at least $100 each month, net of any interest credited.
ANZ Plus is a separate app-based product from ANZ's standard banking. To open a Growth Saver, you first need an ANZ Plus Everyday account. The platform offers a streamlined, branch-free experience with savings goals and spending tracking built in.
ANZ Plus is backed by ANZ (Australia and New Zealand Banking Group), an APRA-regulated ADI. Deposits up to $250,000 are protected by the Government's Financial Claims Scheme.
Current Interest Rates
| Rate type | Rate | Condition |
|---|---|---|
| Bonus rate | 5.10% p.a. | Balance grows $100+ net of interest each month |
| Base rate | 0.10% p.a. | Condition not met |
Effective 15 May 2026. Variable — check ANZ Plus's website for the latest rate.
The Monthly Condition — Explained
Grow your Growth Saver balance by $100+ (net of interest)
At the end of each calendar month, your Growth Saver balance must be at least $100 higher than at the start of that month, excluding interest credited by ANZ Plus. In practice: deposit at least $100 more than you withdraw each month. A $100 net increase is one of the lowest growth requirements among high-interest savings accounts.
ANZ Plus also offers a Flex Saver — an unrestricted savings account paying 4.25% p.a. on the first $5,000 (1.25% above $5,000). This is useful for funds you may need to access without restrictions.
Pros and Cons
Pros
- ✓ Low $100 net growth condition — easy to meet
- ✓ Backed by ANZ — big-four bank security
- ✓ No minimum opening deposit
- ✓ No account keeping fees
- ✓ No balance cap on bonus rate
- ✓ Government deposit guarantee up to $250,000
Cons
- ✗ App-only — no branch access for ANZ Plus products
- ✗ Requires ANZ Plus Everyday account first
- ✗ Base rate (0.10%) is very low if condition is missed
- ✗ Separate platform from ANZ's main banking products
How It Compares
- ubank Save: 5.85% intro, 5.10% ongoing — grow balance (same condition, higher rate)
- ING Savings Maximiser: 5.50% — $1,000 deposit + 5 card purchases
- Suncorp Growth Saver: 5.50% — $200 net growth + max 1 withdrawal
- ANZ Plus Growth Saver: 5.10% — $100 net growth, big-four bank
- Macquarie: 5.10% intro, 4.75% ongoing — no conditions
FAQs
What is the ANZ Plus Growth Saver rate?
5.10% p.a. (effective 15 May 2026) when your balance grows by $100+ net of interest each month. Base rate is 0.10% if the condition is missed.
How do I open an ANZ Plus Growth Saver?
Download the ANZ Plus app and open an ANZ Plus Everyday account first. Once you have an Everyday account, you can open a Growth Saver within the app.
Is ANZ Plus separate from ANZ banking?
Yes — ANZ Plus is a separate digital platform. It doesn't share the same accounts or app as ANZ's standard banking. Both are backed by ANZ and covered by the same deposit guarantee.
Information verified 18 May 2026. Rates variable and subject to change. Confirm current rates and conditions on ANZ Plus's website before applying. This is not financial advice.