ANZ today announced it will increase 11-month Term Deposit to 2.35%pa to offer a highly competitive savings rate in the current record-low rate environment.
The new 11-month Advance Notice Term Deposit rate will be effective from Friday 7 June, 2019.
ANZ Group Executive, Australia Retail & Commercial, Mark Hand said: “We recognise it has not been an easy environment for customers who are trying hard to save their money and get a decent return.
“In making this decision we have sought to get the balance right to provide a highly competitive rate for savers over an 11-month term on the back of yesterday’s announcement to cut home loan rates.
“Savers and retirees are not always front of mind during discussions about interest rates and we’re making an effort to provide an attractive option for those that rely on interest income.”
