ANZ term deposits

ANZ offers term deposits from 7 days up to 5 years. Interest is paid monthly, quarterly, half-yearly or annually. 

ANZ offers two categories of term deposit: standard and advance notice. For the latter, if you give ANZ its required 31 days’ notice to break your term deposit, you may get slightly higher rates. 

Its term deposit rates range from low to moderate, with shorter-term deposits earning less than longer-term deposits, with some special exceptions. 

ANZ does not charge any monthly service fees. However, early termination or break fees may apply. 

ANZ may not offer the highest rates in the market compared to smaller providers with lower overheads, but it does offer a competitive range of deposit terms with low to moderate rates. 

Some term deposits can be as short as 7 days up to 1 month, which is rare in the term deposit market. 

Customers who choose ANZ will also benefit from strong customer service, including access to over 1,000 branches across the country.