Close mobile menu Personal ANZ Plus accounts ANZ Plus accounts Everyday accounts Savings accounts ANZ Plus accounts Everyday accounts Savings accounts Everyday accounts Everyday accounts ANZ Access Advantage ANZ Pensioner Advantage ANZ Access Basic Visa Debit card Just moved to Australia Budget Planner Everyday accounts ANZ Access Advantage ANZ Pensioner Advantage ANZ Access Basic Visa Debit card Just moved to Australia Savings accounts Savings accounts ANZ Online Saver ANZ Progress Saver Kids banking ANZ Premium Cash Management Account ANZ SMSF Cash Hub Account Savings booster calculator Savings calculator Savings accounts ANZ Online Saver ANZ Progress Saver ANZ Premium Cash Management Account ANZ SMSF Cash Hub Account Savings booster calculator Savings calculator Term deposits Term deposits ANZ Advance Notice Term Deposit Term deposit calculator ANZ Advance Notice Term Deposit Term deposit calculator Manage my accounts Manage my accounts Basics and getting started Interest rates, fees, terms Frequently Asked Questions Unclaimed money Ways to bank Manage my accounts Basics and getting started Interest rates, fees, terms Frequently Asked Questions Unclaimed money Lock away your money in a term deposit and enjoy a fixed interest rate for your chosen investment term. disclaimer An ANZ Advance Notice Term Deposit is a smart and reliable way to grow your savings. You’ll need to provide 31 days' advance notice if you want to withdraw funds before the end of the term. disclaimer disclaimer Term deposit account What is a term deposit? Your questions answered Term deposit account Our ANZ Advance Notice Term Deposit offers competitive interest rates. ANZ Advance Notice Term Deposit Secure your savings and you could get ahead. You choose the investment term disclaimer No account service fees disclaimer disclaimer A range of rates available on a 12 month term. Other rates and terms available and interest rates vary for different terms. disclaimer Investments of between $5,000 to $1,999,999. Interest paid at maturity. You must provide 31 days' notice to ANZ if you wish to make an early withdrawal of funds from the term deposit account. Explore ANZ Advance Notice Term Deposit  What is a term deposit? A term deposit is a type of savings account with a known interest rate over a fixed period of time. In other words, you’re locking away your savings (typically 1 month to 5 years) and benefiting from the interest earned. If you withdraw funds prior to the maturity date, you may incur fees and a reduction in the interest earned. You may also need to provide notice if you wish to withdraw your funds prior to the maturity date for some types of term deposits. Video transcript Video transcript What is a term deposit? If you’re looking for a way to grow your savings over a set period, a term deposit could be just the answer. Term deposits allow you to enjoy a known rate of return for a fixed period of time, usually from one month to five years. How do term deposits work? First, you’ll need to decide how much you're going to invest, with a minimum deposit of $5,000. How often you want to receive interest payments… And lastly, what to do at the term's end: withdraw the balance of the term deposit or roll it over. What are the differences between a term deposit and a savings account? Let's explore some of the differences between these accounts: While savings account interest rates can fluctuate with market conditions, term deposits provide a fixed interest rate for a set period of time, ensuring you know exactly how much you'll earn and for how long. Savings accounts generally have no fixed time frame, but most term deposits require a commitment to a specific period until maturity. Associated Fees Term deposits typically have no account service fees unless you withdraw your funds prior to maturity. Savings accounts, on the other hand, often have service fees or transaction fees. If the savings account pays bonus interest, incurring fees and charges could also disqualify you from earning bonus interest so it's important to research your options carefully and read the product terms and conditions before deciding whether to open the account. Access to Funds For term deposits, if you withdraw funds prior to the maturity date, you may incur fees and a reduction in the interest earned. You may also need to provide notice if you wish to withdraw your funds prior to the maturity date for some types of term deposits. You can usually access your funds in a savings account at any time. Just remember that making withdrawals or incurring any fees or charges on a savings account could disqualify you from earning bonus interest - so be sure to read the product terms and conditions. Most banks allow you to add funds to your savings account anytime. For term deposits, additional deposits generally aren't allowed during the term. What is an ANZ Advance Notice Term Deposit? A little different from other term deposits, the ANZ Advance Notice Term Deposit allows you to earn a higher interest rate in return for providing 31 days’ advance notice if you want to withdraw funds before the end of the term. It’s a great way to make those funds you don’t need to access on short notice, work even harder. But keep in mind fees and charges will apply for early withdrawals and the account will incur an interest reduction in respect of the money withdrawn or transferred early. Please refer to the ANZ Saving & Transaction Products Terms and Conditions for further information. To learn more about how to choose a term deposit, watch the next video in our series, or visit ANZ.com to learn about term deposits. Choosing a term deposit Thinking about investing in a term deposit? Learn more about some of your options on term lengths and where you can find out more about estimating interest on your term deposit in this short video. Video transcript Video transcript

Choosing a term deposit If you’ve decided to invest in a term deposit, you’ll also need to consider the term length that works for you. At ANZ, we generally group the term lengths into two broad categories. Less than 12 Month Terms These term deposits can be great for short-term goals like buying a car or saving for a holiday. These term deposits can be ideal if you don’t need your funds in a hurry and have long-term goals like saving for a home deposit or retirement. Being able to choose the length of your term deposit can give you flexibility. It means you can lock away your money for a fixed period that suits you, and have certainty about the interest it will earn. How to estimate interest on a term deposit Before choosing a term deposit, you may want to estimate the interest it will earn over the course of its term. For this, you can use the ANZ term deposit calculator on our website as a guide. First, enter the amount you wish to invest, keeping in mind there is a minimum investment of $5,000 required. Then enter your preferred term length. This is the fixed period of time your investment will be locked away. Finally, choose how frequently you would like to receive your interest payments. And press calculate to see your estimate. Choosing the right interest payment frequency is important. That’s because the interest rate on term deposits with interest paid monthly may be lower than the interest rate on term deposits with interest paid less frequently, such as quarterly, twice a year, once a year, or at maturity. Visit ANZ.com to learn about term deposits. Why choose a term deposit? Pay no set-up costs or monthly account service fees. disclaimer Note that fees and charges will apply for early withdrawals. Protect yourself against variable interest rate changes in the market with a locked in rate Making your money less accessible is a great way to save What is an ANZ Advance Notice Term Deposit? With an ANZ Advance Notice Term Deposit, you must provide 31 days' notice to ANZ if you wish to make an early withdrawal of funds from the term deposit account. Fees and charges will apply to early withdrawals. disclaimer Here’s how an ANZ Advance Notice Term Deposit works: Make some choices Choose your investment amount (minimum $5,000), term length and interest payment frequency. disclaimer You can compare current terms and corresponding rates for ANZ Advance Notice Term Deposit . Use the calculator below to help make your choice. Monitor your investment Use ANZ Internet Banking , phone banking or visit an ANZ branch to manage and view your interest payments. Adjust your interest payment frequency at maturity or within seven days after the term deposit matures. At the end of the term, we'll either pay out your balance or roll it over according to the instructions you provided when opening the account. disclaimer ANZ Advance Notice Term Deposit Secure your savings and you could get ahead. Explore features, benefits and more  Interest rates, fees and terms  compare bank accounts We’ve got a handy tool to help you consider some other options. Our bank accounts comparison tool will show you some options side-by-side for transaction, savings and term deposit accounts. We’ve got a handy tool to help you consider some other options. Our bank accounts comparison tool will show you some options side-by-side for transaction, savings and term deposit accounts. How much could you earn? See how much you could earn on different terms and interest rates with our ANZ Advance Notice Term Deposit calculator. This calculator is provided for illustrative purposes only and does not constitute a quote. Information provided by the calculator is subject to the accuracy of the information provided by you. The calculator should only be used as a guide. This calculator has been set to a maximum deposit of $4,999,999. Interest rates are subject to change. Different interest rates apply to different investment amounts, term lengths and interest frequencies. Early withdrawal fees will apply and the account will incur an interest reduction in respect of the money withdrawn or transferred early. An ANZ Advance Notice Term Deposit has a 31 day notice period for early withdrawal. A minimum deposit of $5,000 is required to open the product. If you want to invest $2,000,000 or more, please call ANZ on 1800 008 177 or visit an ANZ Branch to discuss your term and interest rate. This calculator is provided for illustrative purposes only and does not constitute a quote. Information provided by the calculator is subject to the accuracy of the information provided by you. The calculator should only be used as a guide. This calculator has been set to a maximum deposit of $4,999,999. Interest rates are subject to change. Different interest rates apply to different investment amounts, term lengths and interest frequencies. Early withdrawal fees will apply and the account will incur an interest reduction in respect of the money withdrawn or transferred early. An ANZ Advance Notice Term Deposit has a 31 day notice period for early withdrawal. A minimum deposit of $5,000 is required to open the product. If you want to invest $2,000,000 or more, please call ANZ on 1800 008 177 or visit an ANZ Branch to discuss your term and interest rate. Your questions answered What is a term deposit? A term deposit is a savings account where: Your money is invested over a fixed period of time. This is known as the ‘term’ and will generally last somewhere between 1 month to 5 years. Interest rates are locked in for your chosen term and will not change. If you withdraw funds prior to the maturity date, you may incur fees and a reduction in the interest earned. You may also need to provide notice if you wish to withdraw your funds prior to the maturity date for some types of term deposits. What are the main benefits of a term deposit? Protection against interest rate changes in the market. (Of course market rates can go up as well as down.) If you find yourself dipping into your savings often, this could be a good way to make your money less accessible. Term deposits offers a competitive fixed interest rates for your chosen investment term. Generally you will not have to pay start up, ongoing or annual account keeping fees. What are some of the risks of term deposits? You will not be able to readily access your money during the term invested. If you wish to access your money before the term ends you will have to pay an administration fee, miss out on interest which you would otherwise earn and you may need to provide 31 days’ notice depending on the type of term deposit. If market interest rates increase while your money is in a term deposit you could miss out on the higher interest rates during the term. What are the associated fees and charges for an early break? The early withdrawal or transfer of your funds will incur an interest reduction, and an administration fee will be applicable. See ANZ Saving & Transaction Products Terms and Conditions (PDF) for more information about ANZ’s fees and charges. What are my options when a term deposit matures? There are usually a few options you can take when your term deposit matures. Make sure to think about this well in advance before the term ends. Roll over – you can usually choose to have your term deposit automatically reinvested so that you do not need to come into the bank each time. Compare what rates are being offered for other term deposit products to see if you would like to change your investment. Reinvest elsewhere - you could withdraw at maturity to reinvest elsewhere. Withdraw and use. If you do not wish your term deposit to be automatically reinvested, make sure you contact ANZ either before or during the ‘grace period’ following the maturity of your term deposit. The grace period is a period of seven days starting on the day after the maturity date in which you can choose to withdraw some or all of the value of your term deposit, change the term and/or top up your term deposit. Important information Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you. ANZ recommends you read the ANZ Saving & Transaction Products Terms and Conditions (PDF) and the Financial Services Guide (PDF) which are available at anz.com or by calling 13 13 14 before deciding whether to acquire, or continue to hold, the product. Fees, charges and eligibility criteria apply. Interest rates are variable and subject to change. The information set out above is general in nature and has been prepared without taking into account your objectives financial situation or needs. By providing this information ANZ does not intend to provide any financial advice or other advice or recommendations. You should seek independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you. ANZ recommends you read the ANZ Saving & Transaction Products Terms and Conditions (PDF) and the Financial Services Guide (PDF) which are available at anz.com or by calling 13 13 14 before deciding whether to acquire, or continue to hold, the product. Fees, charges and eligibility criteria apply. Interest rates are variable and subject to change. The information set out above is general in nature and has been prepared without taking into account your objectives financial situation or needs. By providing this information ANZ does not intend to provide any financial advice or other advice or recommendations. You should seek independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Different interest rates apply to different investment amounts, terms and interest frequencies. Early withdrawal fees will apply and the account will incur an interest reduction in respect of the money withdrawn or transferred early. Rates are subject to change. If you withdraw funds before the maturity date of a term deposit, an administration fee of $30 will be charged and the account will incur an interest reduction in respect of the money withdrawn or transferred early in accordance with the ANZ Saving and Transaction Terms and Conditions (PDF) . An ANZ Advance Notice Term Deposit has a 31 day notice period and is a different product to an ANZ Term Deposit. This means that if you request an early withdrawal or transfer of all or part of your funds, the funds will not be provided until the 31st day after the request (or, where that is a non-business day, on or before the next business day). An administration fee of $30 will be charged and the account will incur an interest reduction in respect of the money withdrawn or transferred early in accordance with the ANZ Savings and Transaction Product Terms and Conditions (PDF) . If you may have a need in the future to immediately withdraw or transfer funds, other deposit products may be more suitable for you. Different interest rates apply to different investment amounts, terms and interest frequencies. Rates are subject to change. Early withdrawal fees will apply and the account will incur an interest reduction in respect of the money withdrawn or transferred early. Refer to ANZ Saving and Transaction Terms and Conditions (PDF) . At maturity we will reinvest your ANZ Advance Notice Term Deposit based on the reinvestment consent you have given us and in accordance with instructions you have provided. If you choose to reinvest your principal (and interest) at the end of the investment term, the interest rate applicable to your ANZ Advance Notice Term Deposit may be lower than the interest rate on your maturing ANZ Advance Notice Term Deposit. If your circumstances change or this product is no longer suitable for you, please contact ANZ at or prior to maturity, or within your 7 day grace period (following reinvestment) to make alternative arrangements. A minimum deposit of $5,000 is required to open an ANZ Advance Notice Term Deposit or an ANZ Term Deposit. This calculator has been set to a maximum deposit of $4,999,999. If you want to invest $2,000,000 or more, please call 1800 008 177 or visit your nearest ANZ Branch to discuss your term and interest rate. Early withdrawal fees will apply. An administration fee of $30 will be charged and the account will incur an interest reduction in respect of the money withdrawn or transferred early. An ANZ Advance Notice Term Deposit has a 31 day notice period. This means that if you request an early withdrawal or transfer of all or part of your funds, the funds will not be provided until the 31st day after the request (or, where that is a non-business day, on or before the next business day). Refer to the ANZ Saving and Transaction Products Terms and Conditions (PDF 746kB) for further details. Interest rates current as at and subject to change at any time. Different interest rates apply to each term deposit product and to different investment amounts, term lengths and interest frequencies. Early withdrawal fees may apply. Certain rates do not qualify for additional bonus interest rates and are not available in conjunction with any other bonus or special interest rate offer. For Advance Notice Term Deposits, this applies to investment terms of 3, 4, 6, 9, 11 and 12 months, as well as all term lengths of greater than 12 months. For Term Deposits, this applies to investment terms of 3, 6, 9 and 12 months as well as all term lengths of greater than 12 months. The principal difference between an ANZ Advance Notice Term Deposit and an ANZ Term Deposit (apart from the interest rate that applies) is that you must provide 31 days’ notice to ANZ if you wish to make an early withdrawal or transfer of all or part of your funds from an ANZ Advance Notice Term Deposit account. Further details are set out in ANZ Saving and Transaction Products Terms and Conditions (PDF 746kB) .