ANZ Plus Growth Saver Review (2026)
ANZ Plus Growth Saver Review (2026)Rates and conditions verified 3 October 2026
Rates can change without notice. Last verified: 3 October 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
Confused about how ANZ Plus relates to regular ANZ? Read our ANZ vs ANZ Plus explainer — same bank, different apps, different rates.
How It Compares
- ubank Save Account5.85% — grow balance each month (same condition, higher rate)
- ING Savings Maximiser5.50% — $1,000 deposit + 5 card purchases
- Suncorp Bank Growth Saver5.10% — $200 net growth + max 1 withdrawal
- ANZ Plus Growth SaverReviewed here5.10% — $100 net growth, big-four bank
- Macquarie Savings Account5.00% — no conditions, no intro rate
Related guides
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 3 October 2026. Rates variable and subject to change. Confirm current rates and conditions on ANZ Plus's website before applying. This is not financial advice.