I have to say this must be the only good thing I like with ANZ, is their online saving offers one of the best deals throughout the market with best interests returns. What I am really impress is you can go KFC and purchase a meal and the transaction is shown sometime during that day when you view your transactions. Whereas with CBA, there is a time lap which doesnt allow to view transactions for today. This one advantage is good when you made payments to bills you could track it immediately instead of wondering whether you made any payment or now.
Very competitive rates compared to other banks. All online transactions are almost updated daily and almost real time.works with iphone
none really is similiar to many online banks.

Good product - works great with the Online Investment Account. I can move funds from an interest bearing account, in to the stockmarket with a click of a button (and back again if needed). Nice and simple.
Easy to setup and I can have my online saver on my one Internet Banking screen - rather than having my savings accounts located at different institutions. ie ING Savings Maximiser or Rabo.
I couldn't set up a regular contribution into my new ANZ Online Investment Account when I applied for it. However, I could do this later on Internet Banking for some strange reason.

I will stick with ANZ for a long time to come as they keep on providing great services and support. The bank teller helped me get set up for a new account very easily and made the transition between my old bank hassle free.
I have been using this for a year now and I have been earning the highest interest rate at the moment at 4%. It is exactly as described and there are no hidden fees involved which was surprising. You can transfer from your savings to your term deposit 24/7 online. Very happy with the benefits.
You cannot withdraw money from the term deposit account with the bank teller, you must do it online.

If you are planning to save some money and want to control yourself on spending.
This might be an ideal saving account for you.
As you can earn the same interest rate as FD and achieve your savings target.
No monthly fees and min. deposit requirement involved.
The interest rate is same as Fixed term deposit.
You can earn the interest rate on that day when you withdraw your money.
It doesn't penalty your whole month interest rate. Has the similar concept of ING saving maximiser.
You only able to link with ANZ accounts. A bit inconvenient as you always need to transfer your money to link account to withdraw the money.