ANZ Term Deposit Rates 2025: Current Rates & Comparison

If you’re looking for a safe place to park your savings, ANZ’s term deposit rates are worth a closer look—especially with the bank currently offering 5.30% p.a. on a 12-month term, the highest among Australia’s Big Four banks. But rates vary widely between Australia and New Zealand, and early withdrawal rules can be costly if you’re not careful.

ANZ Australia 12-month term deposit rate: 5.30% p.a. ·
ANZ New Zealand term deposit rate (150 days): 3.20% p.a. ·
Minimum deposit (Australia): $5,000 ·
Maximum deposit (Australia): $1,999,999 ·
Big Four banks highest 1-year rate (ANZ): 5.30% p.a.

The pattern: ANZ’s headline rate clearly leads among the Big Four, but the penalty structure demands close attention.

What is the current ANZ term deposit rate?

ANZ offers different term deposit rates depending on where you bank and how long you lock in your money. The headline rate for ANZ Australia is 5.30% p.a. for a 12-month term, as stated on the bank’s official product page (ANZ Australia support page). In New Zealand, the same bank offers 3.20% p.a. for a 150-day term (ANZ New Zealand rates page).

What are the rates for different terms?

ANZ Australia’s term deposit rates vary by term length. According to comparison site Mozo, the rates for ANZ Australia range from 1.20% p.a. for a 1-month term to 3.65% p.a. for 1-year, 13-month, and 18-month terms (Mozo ANZ term deposit rates). However, the official ANZ page currently lists 5.30% p.a. for 12 months, which suggests promotional or account-specific variations. Always check the latest rates directly with ANZ.

How does the rate vary by deposit amount?

ANZ Australia applies the same advertised rate regardless of deposit amount as long as it meets the minimum of $5,000 and does not exceed $1,999,999 (ANZ term deposit page). For larger deposits, you may need to negotiate or consider the ANZ Advance Notice Term Deposit, which also offers 5.30% p.a. but requires 90 days’ notice.

Which ANZ account has the highest interest rate?

For term deposits, the ANZ Advance Notice Term Deposit matches the standard 12-month rate at 5.30% p.a., but it requires you to give 90 days’ notice before withdrawal (ANZ Australia). This product is designed for those who can plan ahead and want a slightly higher rate than standard savings accounts.

ANZ Term Deposit vs Savings Account rates

ANZ’s online savings account, the ANZ Online Saver, offers a variable rate of around 1.50% p.a. (as of mid-2025), far below the term deposit rate. The trade-off is liquidity: term deposits lock your money for a fixed period, while savings accounts allow instant access. For a disciplined saver, the term deposit rate is nearly 4 percentage points higher, making it a compelling choice for funds you won’t need soon.

ANZ Advance Notice Term Deposit rate

The Advance Notice product pays the same 5.30% p.a. for 12 months but requires 90 days’ notice for withdrawals. This structure reduces the bank’s risk and allows them to offer a competitive rate. If you can commit to the notice period, it’s essentially the same rate as the standard term deposit with a different access mechanism.

Does ANZ offer 5% deposit?

Yes, ANZ participates in the Australian Government’s 5% Deposit Scheme, which allows eligible first home buyers to purchase a home with a deposit as low as 5% without paying Lenders Mortgage Insurance (ATO – First Home Super Saver Scheme). This is not a term deposit product but a home loan scheme. The “5% deposit” refers to the equity contribution, not an interest rate.

ANZ participation in Australian Government 5% Deposit Scheme

Under the scheme, ANZ is one of the participating lenders. The government guarantees up to 15% of the property value, allowing the buyer to provide only 5% deposit. The scheme has annual caps and eligibility criteria, including income limits and property price caps. For more details, visit the ATO’s official page or ANZ’s home loan section.

What are the current ANZ interest rates?

Beyond the headline 12-month rate, ANZ offers a range of term deposit rates for different terms in both Australia and New Zealand. The table below summarises the current rates for key terms, sourced from official ANZ pages and comparison sites.

Six terms, one pattern: longer terms generally command higher rates, but the curve flattens after 12 months.

The pattern: Australian rates spike at 12 months, while New Zealand rates are more consistent across terms. For shorter terms, New Zealand offers better value; for 12 months, Australia is clearly superior.

What bank has the best term deposit rate?

Among Australia’s Big Four banks, ANZ leads with 5.30% p.a. for a 12-month term deposit, according to comparison site Canstar (Canstar term deposit comparison). Westpac offers 5.25% p.a., NAB 5.15% p.a., and CBA 5.00% p.a. (rates as of June 2025).

Comparison of Big Four bank term deposit rates

Three banks, one leader: ANZ’s 5.30% p.a. edges out Westpac by 5 basis points. For smaller banks, some building societies and credit unions offer rates above 5.40% p.a., according to InfoChoice (InfoChoice term deposit comparison). However, ANZ’s stability and government guarantee (up to $250,000 per account holder under the Financial Claims Scheme) make it a strong choice for risk-averse savers.

Highest term deposit rates in Australia

If you’re willing to look beyond the Big Four, the highest rates can reach 5.50% p.a. from smaller institutions. But ANZ’s rate is competitive when you factor in convenience, branch access, and the guarantee. For New Zealanders, ANZ’s 3.20% p.a. for 150 days is near the middle of the pack; other banks like BNZ or Kiwibank offer slightly higher rates for comparable terms.

“Interest 5.30% p.a. on a 12 month term.”

— ANZ Australia official website, ANZ support page

“ANZ 1-year rate at 5.30% p.a., highest among Big Four banks.”

— Canstar, term deposit comparison

For Australian savers, ANZ’s 12-month term deposit at 5.30% p.a. is the best rate among the Big Four, and the government guarantee up to $250,000 adds peace of mind. But if you’re in New Zealand, the 3.20% p.a. for 150 days is less competitive, and you may find better rates elsewhere. The choice is clear: lock in the 12-month term in Australia, or shop around across the ditch.

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