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
(2.76% p.a. discount off the Floating Home Loan 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 2021subject 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 StatementTerms and Conditions and Fees and Charges, or you can request these, free of charge, from any ANZ branch.