Savings · Side by side
ANZ Online Saver vs ANZ Progress Saver
vs
These are open to different people: ANZ Online Saver to anyone 12 or over, ANZ Progress Saver to anyone.
Interest a year on $50,000, with the conditions met
$800
1.60% on this balance
$2,000
4.00% on this balance
ANZ Progress Saver pays $1,200 more a year on $50,000 than ANZ Online Saver.
Drag to try another balance
Where they differThe rate (1.60% against 4.00%), the conditions on the bonus and who can open it.
The same on bothNo cap on the top rate and no minimum balance.
ANZANZ Online Saver
ANZANZ Progress Saver
Figure by figure
Interest a year without meeting the conditions
on $50,000
$800
No conditions to miss
+$795 · More without meeting the conditions
$5
at the base rate
Total rate
base plus bonus
1.60%
4.00%
+2.40 · Higher total rate
Base rate
paid whatever you do
1.60%
the whole rate
+1.59 · Higher base rate
0.01%
Bonus rate
None
one rate, nothing to do
3.99%
with the conditions met
+3.99 · Higher bonus rate
What the bonus asks each month
Nothing
- A deposit of at least $10
- No withdrawals
Who can open it
Anyone 12 or over
Anyone
Rank by total rate
104th of 117
among accounts open to adults
87th of 117
among accounts open to adults
Last rate change
9 Oct 2026
up 0.25
9 Oct 2026
up 0.25
Rates over time
Each account's total rate, a cell a week. A move shows as ▲ or ▼ in the week it happened.
As of 2 November 2026, ANZ Online Saver pays 1.60% with nothing to do each month, and ANZ Progress Saver pays 4.00% with its monthly conditions met. On $50,000, that's $800 against $2,000 a year, $1,200 more from ANZ Progress Saver. Figures are the banks' published rates, worked out on the balance above. Each row says which figure is higher; it doesn't say which account suits you.
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