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 Funds can be transferred into superannuation at any time, or be withdrawn as a lump sum if you are aged 60 or over.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 $1,020 each year to boost your savings when you contribute up to a total of $6,000 per year.
Important: Special restrictions apply on accessing funds.
Important: Special restrictions apply on accessing funds.
Buying or building a home
- Should you buy or build an eligible home before the four year qualifying period is completed, use this form to let us know within 30 days of your purchase.
- Download ANZ Notification of Home Purchase for a First Home Saver Account form (PDF 288kB)
- If the four year qualifying period is completed, use this form to withdraw the balance of your account to buy or build a home, or to transfer your balance to an existing eligible mortgage.
- Download ANZ Closing your First Home Saver Account form (PDF 312kB)
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 | Variable interest rate2 |
|---|---|
| Interest rate on all balances |  (View current rates) |
Interest on ANZ First Home Saver is calculated daily and paid monthly.
Fees and charges
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.
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.
2. Rate is variable and subject to change. Fees and charges apply.
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