Changes to ANZ rates, fees and agreements
Changes to our ANZ credit cards effective 16 September 2019:
As part of simplifying our credit card offering, we’re making changes to our ‘ANZ Visa’ and ‘ANZ Visa Business’ credit cards.
ANZ Visa
Effective 16 September 2019, our ‘ANZ Visa’ card will no longer be offered. Existing ‘ANZ Visa’ cards will be changed to an ‘ANZ Low Rate Visa’. For these customers, the standard purchase interest rate will reduce from 20.95% p.a. to 13.90% p.a. The standard annual fee of $35 will now be charged every six months at $17.50. For joint or additional card holders, the additional card fee of $10 p.a. will be charged every six months at $5.
These changes do not affect other ANZ Visa credit cards, such as: ANZ Visa Gold, ANZ Low Rate Visa, ANZ CashBack Visa Gold, ANZ CashBack Visa, ANZ Airpoints Visa Platinum, ANZ Airpoints Visa, ANZ CashBack Visa Platinum, Qantas ANZ Visa, Qantas ANZ Visa Platinum.
ANZ Visa Business
Effective 16 September 2019, our ‘Low Interest Rate’ and ‘Low Fee’ options on the ANZ Visa Business card will be combined into a new ‘Low Rate’ option.
Cards on the ‘Low Fee’ option will be changed to the new ‘Low Rate’ option. For these customers, this means their standard purchase rate will reduce from 20.95% p.a. to 13.90% p.a. and their standard annual fee will drop from $40 to $35.
Cards on the ‘Low Interest Rate’ option will also be changed to the new ‘Low Rate’ option. For these customers, this means their standard purchase rate will reduce from 15.20% p.a. to 13.90% p.a. and their standard annual fee will halve from $70 to $35.
These changes do not affect ANZ Visa Business Airpoints cards or ANZ Visa Business CashBack cards.
All customers affected by the above changes will be contacted by letter.
Updated versions of the ANZ Credit Card Conditions of Use, ANZ Visa Business Credit Card Guide and the ANZ Fees and Charges brochure will be available from 16 September 2019 on our Rate, Fees and Agreements section or from any ANZ branch.
Credit interest rate changes effective September 2019
We're reducing the deposit interest rate or rate of return for some of our accounts/funds effective September 2019. The changes are summarised below.
Changes to Serious Saver account deposit interest rates effective 1 September 2019:
Rates |
Current rate |
New rate |
Standard interest rate |
0.10% |
0.05% |
Premium interest rate* |
1.65% |
1.25% |
Total interest rate |
1.75% |
1.30% |
* 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.
Changes to single-tier account deposit interest rates effective 2 September 2019:
Account name |
Current rate (p.a.) |
New rate |
Online account, Business Premium Call account, Non-Profit Organisation Current account, Private Reserve account, Private Current account and Private Portfolio account |
0.10% |
0.05% |
Changes to multi-tier account deposit interest rates effective 2 September 2019:
Account name |
Account balance |
Current rate (p.a.) |
New rate (p.a.) |
Select account |
$0.00 - $4,999.99 |
0.00% |
0.00% |
$5,000.00+ |
0.10% |
0.05% |
|
Agri Current account and Agri Personal Current account |
$0.00 - $19,999.99 |
0.10% |
0.05% |
$20,000.00 - $199,999.99 |
0.10% |
0.05% |
|
$200,000.00+ |
0.10% |
0.05% |
MORE INFORMATION
This website will be updated to reflect these changes on 1 September 2019 (Serious Saver account) and 2 September 2019 (all other accounts). Interest rates are subject to change.
Changes to ANZ interest rates effective 12 August 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 |
5.19% p.a. |
12 August 2019 |
26 August 2019 |
ANZ Flexible Home Loan facility |
5.30% p.a. |
26 August 2019 |
26 August 2019 |
ANZ Business Flexible Facility – Base rate |
5.19% p.a. |
26 August 2019 |
26 August 2019 |
Interest rates are subject to change. Our lending criteria, terms, conditions and fees apply.
EFTPOS and Visa Debit Card daily transaction limit increase, effective 29 July 2019
On 29 July 2019, we’re increasing the daily transaction limit you can make on EFTPOS and Visa Debit Cards to $10,000. See below for a summary of the changes:
|
Current daily transaction limit |
Daily transaction limit from 29 July 2019 |
EFTPOS |
$3,000 |
$10,000 |
Visa Debit (NZ) |
$5,000 |
$10,000 |
Visa Debit (Overseas) |
$10,000 |
No change |
Our eligibility criteria, terms, conditions and fees apply.