This research has informed our approach to improving the financial wellbeing of our people, customers and communities by helping them make the most of their money and to feel financially empowered. We call this financial wellbeing and it’s the reason we come to work every day.
We are dedicated to helping customers improve their financial wellbeing and meet their financial goals.
Teaching the fundamentals
If you've been out of the loop, you might not be aware that more than 20 years ago ANZ developed a model to teach essential savings principles to Australian adults, known as "MoneyMinded."
The MoneyMinded model has since grown, drawing upon our extensive research and leveraging the ground-breaking work of Professor Elaine Kempson in measuring and enhancing individuals' financial wellbeing.
The program is now delivered Australia-wide, in collaboration with experienced not-for-profit organisations serving vulnerable groups, the Brotherhood of St Laurence, Berry Street and The Smith Family, as well as throughout parts of Asia, the Pacific and New Zealand.
Standing alongside MoneyMinded is its sibling initiative, "Saver Plus". Developed in partnership with the Brotherhood of St Laurence, this is a matched savings program where eligible participants, who successfully achieve their savings goals and complete a series of workshops, receive matched funds up to $500.
Saver Plus has been running for two decades with funding from both ANZ and the Australian Government Department of Social Services and it’s the world’s largest and longest-running financial education and matched-savings program. It has helped more than 53,000 participants to collectively save more than $27 million to date.
Lessons in action
Take the story of Queensland mother Danielle, who participated in the Saver Plus program in 2014 when she was studying full time to become a counsellor. Before the program she found it hard to save for rainy days and even harder saving for a long-term goal.