Changes to ANZ rates, fees and agreements
Contactless payment PIN limit for ANZ credit card, debit card and merchant customers
Effective 16 October 2021
Due to COVID-19, in April 2020 the PIN limit for contactless payments was temporarily increased from $80 to $200. From 16 October 2021, $200 will now become the contactless payment limit on an ongoing basis.
This means that cardholders making a contactless payment won’t need to enter a PIN for a transaction of NZ$200 or less. For ANZ cards, this applies to Visa Credit and Visa Debit cards. It also applies to transactions made using Apple Pay or Google Pay™.
For ANZ merchant customers with a contactless enabled terminal, you won’t have to do anything as the $200 limit has already been applied.
Our website and all other relevant ANZ terms and conditions will be updated to reflect these changes. See terms and conditions. Contactless payment limits are subject to change.
Changes to ANZ interest rates
We're making changes to some of our home loan, savings, and business overdraft interest rates. See below for a summary of the changes and effective dates.
ANZ Home Loans
New rate (p.a.) | Effective date new loans | Effective date existing loans | |
|---|---|---|---|
ANZ Floating Home Loan | 4.59% | 12 October 2021 | 26 October 2021 |
ANZ Flexible Home Loan | 4.70% | 26 October 2021 | 26 October 2021 |
ANZ Business Flexible Facility – Base Rate | 4.59% | 26 October 2021 | 26 October 2021 |
Blueprint to Build effective rate | 1.83% | 12 October 2021 | 26 October 2021 |
*The discount is only available for loans drawn down on or before 30 June 2023 and lasts for 2 years (after 2 years, discount drops off and standard ANZ Home Loan floating interest rate applies). Rate and offer are subject to change. The discount will be available on loans to build if you're an owner occupier or residential investor building a new home or purchasing a turnkey property.
ANZ Savings accounts
Account balance | Current rate (p.a.) | New rate (p.a.) | Effective date | |
|---|---|---|---|---|
Online account, Business Premium Call account, Non-Profit Organisation Current account, Private Reserve account, Private Current account and Private Portfolio account | $0.00+ | 0.05% | 0.10% | 12 October 2021 |
Select account | $0.00 - $4,999.99 | 0.00% | No Change | 12 October 2021 |
Select account | $5,000.00+ | 0.05% | 0.10% | 12 October 2021 |
Agri Current account and Agri Personal Current account | $5,000.00 - $19,999.99 | 0.05% | 0.10% | 12 October 2021 |
Agri Current account and Agri Personal Current account | $20,000.00 - $199,999.99 | 0.05% | 0.10% | 12 October 2021 |
Agri Current account and Agri Personal Current account | $200,000.00+ | 0.05% | 0.10% | 12 October 2021 |
Serious Saver account
Current rate (p.a.) | New rate (p.a.) | Effective date | |
|---|---|---|---|
Standard interest rate | 0.05% | 0.10% | 1 November 2021 |
Premium interest rate* | 0.15% | 0.20% | 1 November 2021 |
Total interest rate | 0.20% | 0.30% | 1 November 2021 |
* To earn Premium interest, you must make no withdrawals and deposit $20 or more (not including credit interest) on or before the last business day of the month.
ANZ Business overdrafts
New interest rate (p.a.) | Change (p.a.) | Effective date | |
|---|---|---|---|
Commercial Overdraft base rate | 8.60% | +0.25% | 26 October 2021 |
Business Bank Indicator Rate (BBIR) | 8.60% | +0.25% | 26 October 2021 |
Agri Current Account base rate | 6.80% | +0.25% | 26 October 2021 |
Business Overdraft base rate | 10.85% | +0.25% | 26 October 2021 |
Changes to Country Schedule New Zealand
Effective 25 October 2021
Market Services added to ANZ Transactive - Global
We’re making changes to enable certain of our Markets Customers to enter into Markets Transactions using ANZ Transactive - Global.
Changes to Country Schedule New Zealand
To implement this, we’re making changes to the Country Schedule New Zealand dated September 2021, adding a new clause 7. Clause 7 set out specific terms and conditions for using ANZ Transactive to enter into Markets Transactions.
These changes will apply from 25 October 2021, subject to any specific agreed terms you may have negotiated with us. Please contact your relationship manager if you have any questions.
You can find a copy of the updated Country Schedule New Zealand at: anz.co.nz/institutional/transaction-banking.
Important information
Our eligibility criteria apply. Fees and interest rates are subject to change. For full details see our Reserve Bank Disclosure Statement, Terms and Conditions and Fees and Charges, or you can request these, free of charge, from any ANZ branch.