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Changes to ANZ rates, fees and agreements


Changes to ANZ Serious Saver interest rates effective 1 June 2019

On 1 June 2019, we’re decreasing the interest rate you can earn on the ANZ Serious Saver account. We summarise the changes below.

Account

Tier

Current rate

Rate from 1 June 2019

Serious Saver

Premium* interest rate

1.90% p.a.

1.65% p.a.

Standard interest rate

0.10% p.a.

No change

Total available interest rate

2.00% p.a.

1.75% p.a.

* To earn Premium interest you need to make no withdrawals and deposit $20 or more (not including credit interest) on or before the last business day of the month.

Our eligibility criteria apply. Fees and interest rates are subject to change. See our Reserve Bank Disclosure Statement, Terms and Conditions (PDF 236kB) and Fees and Charges (PDF 168kB), or you can request copies, free of charge, from any ANZ branch.


Changes to ANZ interest rates effective 13 May 2019

We're making changes to some of our interest rates.

See below for a summary of the changes and effective dates:

 

New interest rate

Effective date new loans

Effective date existing loans

ANZ Home Loan – floating rate

5.69% p.a.

13 May 2019

27 May 2019

ANZ Flexible Home Loan facility

5.80% p.a.

27 May 2019

27 May 2019

ANZ Business Flexible Facility – Base rate

5.69% p.a.

27 May 2019

27 May 2019

Interest rates are subject to change. Our lending criteria, terms, conditions and fees apply.

From 27 May 2019, we’re decreasing the interest rate you can earn on the following account:

 

Amount

Current rate

Rate from 27 May

ANZ Business Premium Call Account

$0+

0.25%p.a.

0.10%p.a.

Interest rates are subject to change. Terms, conditions and fees apply.

A copy of our Reserve Bank Disclosure Statement is available online or on request from any ANZ branch.


Changes to Business fees effective 1 June 2019

From 1 June 2019, we’re changing the fees set out below.

Untitled Document

Fee type

Account type

Current fee

New fee

Monthly account fee and transaction fees

ANZ Business Current Account

 

ANZ Business Premium Account

 

Pay as you go

$4 monthly fee, waived if the average daily balance for the month is $10,000 or more. $0.25 for each automated transaction* and $0.65 for each manual transaction**

 

Smart Plan

$10 monthly fee, with 50 free automated transactions* a month ($0.15 for each additional automated transaction) and $0.55 for each manual transaction**

 

$8.50 monthly fee, with 200 free transactions a month ($0.20 for each additional automated* or manual** transaction)

 

ANZ Agri Current Account

 

$12.50 monthly fee, with no charge for automated* or manual** transactions

ANZ Commercial Cheque Account

 

$1.80 monthly fee, with the first 5 transactions a month free ($0.25 for each additional automated* or manual** transaction)

 

ANZ Cheque Account

$15 monthly fee. $0.25 for each automated transaction* and $0.65 for each manual transaction**

 

ANZ Business Flexible Facility

Pay as you go

$4 monthly fee, waived if the average daily balance for the month is $10,000 or more. $0.25 for each automated transaction* and $0.65 for each manual transaction**  

 

Smart Plan


$10 monthly fee, with 50 free automated transactions* a month ($0.15 for each additional automated transaction) and $0.55 for each manual transaction**

 

$12.50 monthly fee, with no charge for automated* or manual** transactions

 

Cheque clearance fee

ANZ Agri Current Account

No fee charged

$0.25 for each cheque deposited

 

 

ANZ Direct Online

Current fee

New fee

Plan A

$32 monthly access fee. $0.20 for each transaction in a credit batch and for each domestic funds transfer, $0.30 for each transaction in a debit batch. Four authorisation devices provided, then $2 per device per month.^

 

$10.00 monthly fee, with 200 free transactions a month ($0.20 for each additional transaction) and no extra charge for your authorisation devices^

Plan B

$15 monthly access fee. $0.30 for each transaction in a credit batch and for each domestic funds transfer, $0.35 for each transaction in a debit batch. Three authorisation devices provided, then $2 per device per month.^

 

Plan C

No monthly access fee. $0.45 for each transaction in a credit batch and for each domestic funds transfer, $0.50 for each transaction in a debit batch. Two authorisation devices provided, then $2 per device per month.^

 

 

More information

We’ll update our ANZ Fees and Charges brochure, ANZ General Terms and Conditions and any relevant loan terms and conditions booklets to reflect these changes. Updated copies will be available at anz.co.nz/termsandconditions or from any ANZ branch, from 1 June 2019.

* Automated transactions include EFTPOS, Visa Debit, ATM and mobile wallet transactions, as well as electronic payments and other transactions made using ANZ Internet Banking, goMoney, Phone Banking and ANZ Direct Online.

** Manual transactions include cheques and transactions handled by our staff for you, including at a branch, by phone, or online. Balances and basic account enquiries at a branch are free. We charge deposits through ANZ Fast Deposit Boxes as staff-assisted, manual transactions.

^ The ADO fee applies to handheld physical devices and the ANZ Direct Auth app.


Closure of ANZ School Plus account effective 3 June 2019

We’re closing the ANZ School Plus account from 3 June 2019 and moving impacted customers to one of our other everyday accounts. We summarise the changes below.

What will my new account be?

  • Customers who remain eligible for  the School Plus account will be moved either to an ANZ Jumpstart or ANZ Premium account, and will continue to be offered the same rate of credit interest1.
  • Customers who are no longer eligible for a School Plus account will be moved to an ANZ Go or ANZ Freedom account.

What’s changing?

We have outlined below what is different, depending on which new account you are moved to. Everything else, including your account number will remain the same.

New Account

What’s different

ANZ Jumpstart

  • Pay no ANZ Visa Debit card annual fee when it’s linked to a Jumpstart account2

If your account becomes overdrawn by more than $10 for more than one day (an unarranged overdraft), you’ll be charged a $5 fee that month in addition to excess interest3.

ANZ Premium

  • Credit interest is paid quarterly, instead of monthly

ANZ Go

  • Manual transaction fee of $3 per transaction
  • You’ll no longer receive credit interest

ANZ Freedom

  • There’s a monthly account fee of $5, but it’s waived each month you deposit at least $2,500 into your account. Deposits exclude transfers between your ANZ accounts
  • You’ll no longer receive credit interest
  • Pay no ANZ Visa Debit card annual fee when it’s linked to a Freedom account2

 

1 The interest rate is only available on existing School Plus accounts moved to ANZ Jumpstart or Premium accounts as part of this product closure, and will not be made available to other existing or new Jumpstart or Premium accounts.

2 Must be 13 years or over to apply for an ANZ Visa Debit card.

3 Lending criteria, terms, conditions and fees may apply. See anz.co.nz/overdrafts for more information.

Our eligibility criteria apply. Fees and interest rates are subject to change. For copies of our Reserve Bank Disclosure Statement, Terms and Conditions and Fees and Charges go to anz.co.nz/termsandconditions, or request one, free of charge, from any ANZ branch.


Changes to ANZ Banking Package Personal Loan Benefits effective 22 May 2019

 

The standard interest rate for new ANZ Personal Loans is reducing on 22 May 2019.

Because of this change, we’re also changing the ANZ Personal Loan benefits available on some ANZ Banking Packages from 22 May 2019. We summarise the changes below.

Eligible ANZ Banking Packages

Current Benefit

New Benefit (effective 22 May 2019)

ANZ@Work Elite

Professional Services

ANZ Staff

Discounted interest rate of 14.95% p.a. on a new ANZ Personal Loan (minimum loan $3,000).

Discount of 0.25% p.a. off the interest rate on a new ANZ Personal Loan (minimum loan $3,000).

ANZ@Work Standard

Franchise Standard

Franchise Elite

Discount of 0.50% p.a. off the interest rate on a new ANZ Personal Loan (minimum loan $3,000).

 

This change applies only to new ANZ Personal Loans taken out by ANZ Banking Package customers from 22 May 2019. The change doesn’t apply to existing ANZ Personal Loans held by ANZ Banking Package customers.

For information about ANZ Banking Packages, including package eligibility criteria, benefits, or terms and conditions, please call us on 0800 269 296 or visit any ANZ branch.

Our eligibility criteria apply. Fees and interest rates are subject to change. For more information see our Reserve Bank Disclosure Statement, Terms and Conditions (PDF236kB) and Fees and Charges (PDF 168kB).


Withdrawal of ANZ Ready Saver account from sale effective 17 May 2019

We’re simplifying our range of savings accounts and will be withdrawing the ANZ Ready Saver account from sale, effective 17 May 2019. 

Existing ANZ Ready Saver account holders can continue to use their accounts.