ANZ Bank Term Deposit

If you have a lump sum of money and your thinking of investing then maybe you should consider an ANZ Bank term deposit. Term deposits are some of the safest investments that are available, they offer high interest rates and the rate is guaranteed for the life of the investment. Here are some of the features of an ANZ term deposit:

• You know the interest rate is fixed from the start to the end of the term.
• You money is held in an Australian financial institution.
• ANZ will guarantee the return of your investment from the start.
• ANZ term deposits are easy to open.
• You have the choice of investment terms.

Features of ANZ Bank Term Deposits

Before you choose an ANZ term deposit account, consider the following features and details:

• You can earn bonus interest. If you’re an ANZ term deposit customer and you’re over the age of 60 then you can apply for bonus interest of 0.25% above your chosen rate, all you have to is show your seniors card at any ANZ branch when you open your term deposit.

• ANZ term deposits are easy to open. Opening an ANZ term deposit can be done via the Internet for existing ANZ customers. Non ANZ customers can still open an account via the Internet but they will need to go into an ANZ branch to have their identity verified. Accounts can be opened by going into an ANZ branch in person or by calling ANZ on the telephone. At ANZ term deposit can be opened by any Australian citizen over the age of 12 with a minimum amount of $5000 this makes it easier to help teach your children the benefits of saving and help put them in a good strong savings routine of the rest of their life.

• Choice of rates and terms. When you apply for an ANZ term deposit you get the choice of be able to see the interest rates available for each individual term offered for deposits between $5000 and $100,000 ANZ has terms from one month to 5 years, this means that you’ll be able to choose the best investment time and rate to suit your needs. If you’re an investor that would like to invest more than $100,000 then you need to get in touch with ANZ over the phone so that you can receive the best interest rate for your larger investment.

• ANZ is a large bank in Australian. Because ANZ is one of the larger banks in Australia you know that it’s being run well by professionals that are there to look after your money and ensuring that its being invested correctly, without it ever actually going anywhere, so that you will get your guaranteed the return on your investment.

• Interest rates are fixed. Because ANZ term deposits rates are fixed you know exactly what you’re going to earn from your investment and how long it will take you to receive that return, this makes it a lot easier when you’re planning your long and short term savings plans.

How to Open an ANZ Term Deposit Account

If you’re eligible to open an ANZ term deposit account and you like the sound of the features available, then here are some of the interest rates currently on offer for $10,000 in an account that is opened in New South Wales:

• For two years per annum interest paid monthly.
• For three years per annum for interest paid quarterly.
• For five years per annum for interest paid monthly.

You can compare ANZ term deposit accounts to other leading Australian banks by looking at our savings account calculator here, this lets you compare ANZ’s term deposits to other leading banks terms deposits and then you can follow the links to open an account at the bank or financial institution of your choosing.