ANZ Fixed Term Deposit

If you are new to saving and investing and are looking for a safe simple and easy to understand investment then an ANZ fixed term deposit could be just what you need. Fixed term deposits offer high interest rates and a range of different terms so there is bound to be one that suits you because term deposits can easily be opened with as little as $5000.

Features of an ANZ Fixed Term Deposit Account

To help you decide whether a fixed term investment is right for you, find out more about how a term deposit account works, and how you can benefit. Some of the best reasons and features of opening an ANZ fixed term deposit are as follows:

• Ease of opening an account. If you would like to open ANZ term deposit you have three options to choose from:
• By going into any ANZ bank branch.
• Calling ANZ and talking to a term deposit specialist.
• Via the ANZ website on the Internet.

• Term deposits can be opened by any current ANZ customer straightaway but any non-ANZ customers will have to have their identity checked at a ANZ branch after they complete the online application.
• Choice of when you have your interest paid. You have the flexibility of being able to choose when you would like to have your interest payed Weather it be monthly, quarterly half yearly or annually.
• High interest for customers over 60. If you are over 60 years old and you open ANZ term deposit then you may be eligible for bonus interest of 0.25% above the rate on your chosen term, but to receive this bonus interest you have to show your seniors card at a ANZ branch when you open your term deposit.
• You get a fixed rate of return. With a fixed term deposit you get the certainty of knowing exactly what interest you’re going to be receiving for the life of your term deposit, exactly how much and how often you are going to be paid. Fixed rate term deposits can even be used as a secondary income.
• You get to choose the term of your investment. Because ANZ offer term deposits ranging from one month to 5 years you are bound to be able to find a term that you fill comfortable with. It’s also a good feature because if for example you are buying a property and are waiting for settlement you can invest your money in the short term deposit and earn some extra money while you wait.
• ANZ term deposits can be opened by people as young as 12. This means you can start teaching your children about the benefits of compound interest and good saving habits from a young age, also because a term deposit is a fixed account they won’t be able to simply spend their money on impulse purchases.

ANZ Term Deposit Rates

Interest rates are offered on ANZ term deposits depend on the amount that you invest the length of your term deposit and how often you receive your payments. Here are some examples for an ANZ term deposit with a $20,000 deposit in South Australia:

• For three months with interest paid at maturity 5.50% per annum.
• For two years with interest paid at maturity 5.30% per annum.
• For five years with interest paid at maturity 5.80% per annum.

To compare these rates and terms to other ANZ fixed term deposits or if you are looking for something different again when you compare ANZ term deposits by the term deposits on offer by other Australian financial institutions then you can take control of your savings future by following the secure link to your provider of choice and opening a term deposit today.

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