RateCity.com.au
  1. Home
  2. Term Deposits
  3. Companies
  4. Anz
ANZ logo

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

Content updated

Product data updated

Why choose ANZ

Benefits

  • Customer service
  • Variety of term deposits

Drawbacks

  • Some lower-rate term deposits

ANZ Term Deposits

Term Deposits calculator

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

$
months
$

The result provided is an estimate only. Please read our Calculator Assumptions and Disclaimer for more information.

Final balance at the end of term would be

$0
  1. The final balance at the end of the savings duration is the sum of the initial deposit and interest earned, based on the entered duration and interest rate.
  2. Calculations assume that details entered into calculator, including interest rates, do not change for the fixed term deposit period.
  3. All results are based solely upon the data entered into the calculator.
  • Calculator does not include the cost of fees or other extra charges.
  • Calculator does not account for changes to interest rates over time.
  • This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstance. Read our full disclaimer.

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. 

Did you find this page helpful?

^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.