ANZ Term Deposits

A term deposit is a very safe and reliable investment and can give you guaranteed returns and high interest rates without you having to manage your investments. If you are looking for an easy to use, high return investment, a term deposit account may suit you. Benefits of a term deposit:

• You know the rate of return you will get on your investment from the beginning.
• The interest rate your investment will earn is guaranteed for the entire term.
• Your investment is safely held with an Australian bank or financial institution.
• You are not required to manage your investment during the term.
• You have a flexible choice of terms, investments and interest payment options.

If a term deposit account sounds like an investment option which would suit your financial needs, ANZ has a term deposit account with a number of flexible options, the ability for anyone 12 years or older to invest, plus special bonus interest rates for investors over 60 years old.

Benefits of an ANZ Term Deposit

ANZ has just one term deposit account, but you can choose an investment amount and term which best suits you to customise the ANZ term deposit account to offer you the best returns, on an investment you are comfortable with.

ANZ term deposit:

• You can apply online, over the phone or in branch. You can only apply online if you are an existing ANZ customer, otherwise you can collect your paperwork and make a quick phone call or visit to ANZ to discuss the term deposit options which would best suit you, and how to get the best interest rate on your choices.
• Is available to anyone 12 years or older. This means you can start teaching your children about investments and the benefits of compounding interest from an early age and they can view and manage their account as they see their interest payments made and their investment grow.
• Offers special interest rates for investors over 60 years old. If you are 60 years or older you may qualify for a bonus interest rate up to 0.25% higher than the normal ANZ term deposit rates on eligible terms. All you need to do is present your seniors card at an ANZ branch when you apply.
• Offers special interest rates on amounts over $100,000. If you have a significant investment to make, over $100,000 ANZ can negotiate special interest rates for your term deposit. The more you invest with a term deposit account the higher the interest rate you are eligible to earn.
• To open an ANZ term deposit account you must be an Australian resident. You must also be able to verify your identity and if this has already been done when you signed up for other ANZ products you can apply online, otherwise you will need to present your paperwork to an ANZ branch.
• There is no minimum deposit but the best rates are calculated on a minimum of $5000. When you choose a term deposit investment amount you need to be comfortable in locking away that amount, and know that you won’t need access to it until the end of the term. That is why you can choose to invest any amount which suits you.

Applying online for an ANZ term deposit:

• You must be 16 years or older to apply online.
• You must be an existing ANZ customer.
• If you are opening a term deposit in joint names, both account holders must be ANZ customers.
• You must have a minimum deposit of $5000 and a maximum deposit of $5,000,000.
• You enter your personal details, account details and term deposit choices in three simple steps.

ANZ Term Deposit Interest Rates

The interest rates offered on ANZ term deposits vary depending on the term, the investment amount and how often you have your returns paid. The ANZ website also has a term deposit calculator where you can retrieve the interest rates for your state, on your particular investment amount, term and payment schedule. Based on a $5000 term deposit investment with interest paid on maturity, an ANZ term deposit will earn you:

• A 2.50% interest rate for a one month investment.
• A 5.00% interest rate for a 12 month investment.
• A 5.80% interest rate for a five year investment.

To compare more ANZ interest rates or to view the interest rates for your chosen term available from other providers, you can view all of the top Australian term deposit accounts at the Savings Account Finder™ comparison tables here. You can then follow our secure links to the provider’s website to start your application process and take control of your investments now.