[iOS, Android] ANZ Save Account (App-Only Account) 3.25% p.a. Interest on Balance Less than $250,000 @ ANZ Plus

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Hiphopopotamus on 05/10/2022 - 23:17 anz.com.au (308 clicks)
Last edited 02/11/2022 - 20:58 by 1 other user

Hey it's OzInterestRateAlerts again.

ANZ are increasing the interest rate for their app only ANZ Save account by 0.25% on October 12, going from 3% to 3.25%.

No, it's not the best rate (personally I'm partial to ubank's 3.6%), but ANZ Plus isn't without it's perks. I think this is the highest interest rate around that has no hoops, as long as you don't consider it being app only a hoop. The app is coming along but is still missing some functionality like recurring payments, you also can't make payments directly from the Save account.

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• 

  freedomofspeech on 05/10/2022 - 23:17

  -1

  app only again stupid ANZ marketing

  • 

    ascorbic on 05/10/2022 - 23:24

    -3

    It's the new trend with these so-called neobanks; Ubank and Up Bank are also like this. Stupid, I agree.

    • 

      darkly on 06/10/2022 - 06:58

      +2

      Ubank has web banking.

      • 

        ascorbic on 06/10/2022 - 08:52

        Okay, I wasn't aware they have it now but they didn't on launch (of the 86400 rebrand).

        Ubank website mentions:

        Use our award-winning app or brand new online banking

        • 

          BigBirdy on 06/10/2022 - 09:15

          @ascorbic: UBank has been around for many years, and has always had a web interface. I assume your comment relates only to 86400 customers.

          • 

            ascorbic on 06/10/2022 - 09:22

            @BigBirdy: Yes, I'm aware. There's effectively "legacy Ubank" (not taking new customers) and "new Ubank" which are completely separate. Legacy Ubank's internet banking was not available to new customers when 86400 rebranded.

    • 

      freedomofspeech on 06/10/2022 - 09:35

      but ANZ is not a neo bank???

      • 

        ascorbic on 06/10/2022 - 22:40

        +1

        "ANZ Plus" is their attempt at a neobank, just like how Bendigo Bank's neobank is Up. The only difference is they're sharing the ANZ brand. The accounts are still completely separate.

• 

  jv on 05/10/2022 - 23:28

  -7

  No, it's not the best rate

  So why is this a bargain?

  • 

    darkly on 06/10/2022 - 06:57

    +6

    No hoops when compared to Ubank, ING, Virgin etc.

• 

  jv on 05/10/2022 - 23:30

  -2

  ANZ are increasing the interest rate for their app only ANZ Save account by 0.25% on October 12

  and what about their loans ?

  Oops, looks like they already increased those…

  • 

    soundboy5010 on 06/10/2022 - 09:25

    ANZ Plus doesn't have loans

• 

  Jimothy Wongingtons on 06/10/2022 - 02:52

  +3

  So current ANZ customers will need two apps then?

  • 

    mysterytal on 06/10/2022 - 05:13

    You could close any existing accounts and move all your banking online to ANZ plus.

    You would lose access to the branch network if you only use ANZ plus so that needs to be considered.

    • 

      Jimothy Wongingtons on 06/10/2022 - 10:25

      existing accounts and move all your banking online to ANZ plus.

      which i guess i could..cept i have a bunch of direct debits linked to my normal anz account lol
      why couldnt they just roll the og app into this..like why specifically need two apps.

  • 

    BigBirdy on 06/10/2022 - 09:17

    Yes, or three apps if you use ANZ Shield (replaces SMS confirmations)

• 

  payless69 on 06/10/2022 - 08:54

  Does anybody know how to log out of this app?

  • 

    darkly on 06/10/2022 - 09:11

    Turn off the Quick Login

    • 

      payless69 on 06/10/2022 - 09:23

      Downloading the update now.
      Still no fingerprint option.
      Got quick login off but still no log out button!
      Hope they fix that soon!

      • 

        hopper on 06/10/2022 - 10:48

        Download on new device and de register old device?

        • 

          payless69 on 06/10/2022 - 11:26

          @hopper: Thanks, I only have around 20 old mobiles laying around. Perhaps I should visit our beloved HN store, they still have iphone 11's for $1848 and are happy to sell me an disclose all Optus deal!

• 

  drprox on 06/10/2022 - 10:34

  +2

  I don't love it needs it's own app however, it was incredibly easy to install, get identified and open the account so approve of that which given I'm only using it to earn a little interest and not to operate the account daily is fine.

• 

  Imposter on 06/10/2022 - 10:59

  Does the transfer limit still apply?

  • 

    payless69 on 06/10/2022 - 11:32

    we live in a limited world!
    I found the app rather "limited"!!!!!!

  • 

    BigBirdy on 06/10/2022 - 11:33

    You can pay up to $30,000/day, BPay or PayAnyone

    • 

      Zac1122 on 06/10/2022 - 19:43

      That’s a big improvement on the initial limit of $10,000 to transfer back to your ANZ bank accounts!