The ANZ bank has launched its new consumer "Fast Saver Account".

The new product is primarily aimed at encouraging customers to save.

ANZ Retail Banking Fiji Head, Haroon Ali said that the more you save the better will be your chances of earning a 5% bonus interest on top of your monthly 0.25% base interest.

It requires only a minimum opening balance of as little as $10, and customers must make at least a single deposit of $10 or more each month and no withdrawals in that month to qualify for bonus interest.

Ali added that they will be no monthly account service fee with this new product and he is confident that customers would find this account attractive and influence their spending and savings habits in a positive way.