ANZ First Home Saver Account

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As of 12 October 2011, the ANZ First Home Saver Account is no longer available.1

The ANZ First Home Saver Account is a government designed account for those able to wait a minimum of four qualifying financial years to access their savings for either their first home deposit or eligible mortgage.

Access to your savings

To withdraw funds to purchase a home, a minimum cumulative contribution of $1,000 p.a for four qualifying financial years needs to have been made (or deemed to have been made). Funds can be transferred into superannuation at any time, or be withdrawn as a lump sum if you are aged 60 or over.

  • Receive a variable interest rate
  • No monthly account service fee
  • You could receive government contributions up to $935 each year to boost your savings when you contribute up to a total of $5,500 per year.

Important: Special restrictions apply on accessing funds.

 

Important: Special restrictions apply on accessing funds.  

Buying or building a home

Turning 60

If you are 60 and over you are entitled to withdraw the balance of your account, regardless of whether you are purchasing a first home.

Transfer to superannuation

The balance of your ANZ First Home Saver Account can be transferred into superannuation at any time. A form is available for this purpose on the Government First Home Saver Account web site.

Family law obligation - transfer to superannuation

Use this form to transfer funds from an existing ANZ First Home Saver Account to Superannuation pursuant to a Family Law obligation.

Family law obligation - transfer to individual over 60

Use this form to transfer funds from an existing ANZ First Home Saver Account to an individual over the age of 60 pursuant to a Family Law obligation.

 

Interest rates

Interest rates shown below only apply to ANZ First Home Saver.

Amount Interest rate
Interest rate on all balances Find out rate variable

Interest on ANZ First Home Saver is calculated daily and paid monthly.

Fees and charges

Monthly account service fee
$0
Access your savings
To withdraw funds to purchase a home, a minimum cumulative contribution of $1,000 p.a. for four qualifying financial years needs to have been made.
To withdraw funds to put towards an existing eligible mortgage, a minimum of four qualifying financial years need to have passed (or be deemed to have passed).
Funds can be transferred into superannuation at any time, or be withdrawn as a lump sum if you are aged 60 or over.

A cooling off period of 14 days applies to this account – in this time you are entitled to close your ANZ First Home Saver Account and have the balance returned to you. 

ANZ also offers other savings accounts, including:
• ANZ Progress Saver designed to help to save to a goal, and
• ANZ Online Saver and ANZ Premium Cash Management Account, which offer convenient ways to save

If you would like more information about how First Home Saver accounts work, eligibility, fees and taxes, you can also visit the Australian Taxation Office online. For further information on the ANZ First Home Saver Account download the ANZ First Home Saver Account Product Disclosure Statement (PDF 100kB).

At ANZ we can also help you on the way to owning your home with a range of award-winning home loans to choose from. Use our home loan selector to match your needs with the appropriate loan and get pre-approval for your loan to start the buying process.

Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you.

1 Existing ANZ First Home Saver Accounts are not affected

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