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ANZ Access Deeming - Accounts

ANZ Access Deeming

ANZ Access Deeming - A helping hand for the community

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If you receive a Centrelink allowance or a Veterans’ Affairs pension or allowance you may be eligible for an ANZ Access Deeming account.

With no monthly account service fee, ANZ Access Deeming is about affordable banking with banded interest rates, allowing you to make the most of your funds.

  • You could save money with no monthly account service fee.
  • Unlimited access to ANZ ATM’s Phone and Internet Banking, plus branch, cheque and EFTPOS1.
  • Bank the way you want – cheque book available on request.
  • Access funds around the world through ATMs bearing the Cirrus label and through EFTPOS facilities bearing the Maestro label2.
  • Make your money work harder – earn banded interest on your money (different rates of interest apply to different parts of your account balance).

To open an ANZ Access Deeming account, you must:

  • be an Australian resident, with an Australian address - who can complete the ANZ Customer Identification Process in Australia upon opening the account or be an existing ANZ customer
  • receive an eligible Centrelink pension or allowance or a Veterans’ Affairs pension or allowance and have had your financial investments assessed for their entitlement to that pension or allowance
  • have your pension or allowance paid into your ANZ Access Deeming account.

Eligible pensions and allowances include:

  • Aged pension
  • Disability Support pension
  • Widow’s pension or allowance
  • Wife’s pension
  • Carer’s pension
  • Sole parent’s pension
  • Service pension
  • Incentive allowance
  • New start allowance (including Mature age allowance and Mature Partner allowance)
  • Sickness allowance
  • Special Benefit allowance
  • Partner allowance
  • Parenting allowance.

If you do not receive a Centrelink pension or allowance or a Veterans' Affairs pension or allowance, ANZ has other concession accounts for which you may be eligible.

Interest rates

Interest rates shown below only apply to ANZ Access Deeming.

Amount Interest rate
$0 - $1,999 1.25% p.a.variable
$2,000 – 38,399 2.00% p.a.variable
$38,400 and above 3.00% p.a.variable

Interest is banded and paid quarterly.

Fees and charges

No monthly account service fee applies.

Unsure if ANZ Access Deeming is right for you?

Compare all ANZ accounts to see which one suits your needs.

Apply for ANZ Access Deeming

Telephone icon Call us on 1800 008 177, Monday to Friday 8am-8pm

Visit branch icon Visit any ANZ branch

ANZ Access Deeming is covered by the Australian Government Deposit Guarantee Scheme3.

Terms and conditions are available on application. Fees and charges apply.

1. Fees may apply (including non-ANZ operator fees, overseas ATM fees and overseas transaction fees). Please refer to ANZ Personal Banking Account Fees and Charges (PDF 324kB) for fees and charges that apply.

2. Fees may apply including overseas transaction fees.

3. This is a deposit product offered by ANZ. Deposits with ANZ of up to and including A$1 million in aggregate will continue to be automatically guaranteed by the Federal Government without charge. The $1 million fee-free guarantee threshold is calculated on the total deposits held in one or multiple ANZ accounts by each ‘legal entity’. For deposits of more than A$1 million, we will offer customers the ability to opt-in to receive the benefit of the guarantee for a monthly fee of 0.7%pa. This is the fee we will be charged directly by the Federal Government as a AA rated bank. For information about what is a ‘legal entity’, please refer to the Federal Government Guarantee on Deposits fact sheet.

4. Special Term Deposit rate is current as at Tuesday, 10th November 2009 and subject to change. A minimum investment of $5,000 is required. This interest rate is not available with other offers. Interest is payable at maturity. Fees and charges apply. If you choose to reinvest your funds in an ANZ Term Deposit following the conclusion of the term, the applicable interest rate will be determined at the time of reinvestment.

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 Product Disclosure Statement and the Financial Services Guide (PDF 208kB) before acquiring the product.

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