ANZ raises rates of interest on Progress Saver accounts – Wealth-Growth.com
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ANZ raises rates of interest on Progress Saver accounts

ANZ has made some modifications to its financial savings account rates of interest, permitting prospects to develop their wealth extra shortly, supplied they make common deposits.

In accordance with ANZ, the Progress Saver account is meant for purchasers wanting to save lots of for particular objectives, rewarding those that make common deposits with a most charge of two.40% – a rise from the earlier most charge of 1.71%.

To be eligible for this rate of interest, ANZ prospects should make a minimal deposit of $10 per 30 days, and make no withdrawals, charges or costs from the account within the month. Customers who don’t fulfil the situations will as a substitute earn curiosity on the base charge of 0.01%, which ANZ has saved the identical.

In accordance with RateCity calculations, if an ANZ buyer began with $5000 in financial savings, and made month-to-month deposits of $10 for 12 months, they may earn $123 in whole curiosity over the yr – a rise from the $87 a person may earn in the identical circumstances on the earlier charge.

ANZ additionally adjusted the curiosity on its On-line Saver account, decreasing its most rate of interest from 2.55% to 2.30%. This most charge is on the market for the introductory 3 months, adopted by a base charge of 0.50%, which ANZ has saved the identical.

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