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SaverPlus program delivers cash to savers

29/09/2011

ANZ Saver Plus is a program that helps people on lower incomes to develop long-term saving habits and reach a savings goal. It is delivered by a number of community organisations in partnership with ANZ.

Participants in the program set a savings goal and receive financial education and support in reaching their goal. Once they reach their savings goal, ANZ matches their savings dollar-for-dollar up to $500.

Saver Plus was developed jointly by ANZ and the Brotherhood of St Laurence in follow up to our research which demonstrated a correlation between levels of saving and financial literacy.

Source: ANZ



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Institution Product Max. Rate (%) Details
Citibank Online Saver (5.70% Variable intro rate for 4 months on balances up to $500k) 5.70 Details
RaboDirect Savings Account (up to 5.60% 4 month special variable rate up to $250k) 5.60 Details
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