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Saver Plus

Celebrating 10 years of Saver Plus 

Saver Plus

Saver Plus, Australia’s largest and longest running financial education and matched savings program, marked its 10 year anniversary in 2013.

In that time, 20,000 Saver Plus participants have saved more than $13.5 million, with ANZ matching approximately $9 million for education expenses.

What is Saver Plus?

Saver Plus assists individuals and families on lower incomes to develop a savings habit, build assets and improve financial capability.

Participants make regular deposits towards a savings goal over a 10 month period and attend workshops to build their financial management skills. When participants reach their savings goal, ANZ matches the amount - up to $500 - towards education costs including uniforms, text books, laptops, sports equipment, music tuition, TAFE or apprenticeship costs and much more. 

Established in 2003 to encourage saving for educational expenses, Saver Plus is now offered by a range of community agencies in 60 communities across all states and territories in Australia. 

Saver Plus is an initiative of the Brotherhood of St Laurence and ANZ, delivered in partnership with Berry Street, The Benevolent Society and The Smith Family and other local community agencies. The program is funded by ANZ and the Department of Families, Housing, Community Services and Indigenous Affairs, with ANZ providing matched savings for participants.

Features

Saver Plus offers:

  • up to $500 in matched savings
  • fun, free and informal financial education workshops where participants share money ideas and tips and hear about strategies for planning, budgeting and saving for the future
  • assistance and support from a local Saver Plus Worker to establish a savings goal and develop a savings habit.  

Who can participate?

You may be eligible to join Saver Plus if you:

  • have a Centrelink Health Care Card or Pensioner Concession Card
  • are at least 18 years old
  • have some regular income from work (you or your partner) including casual, part-time, full-time or seasonal employment 
  • have a child at school or attend vocational education yourself.

Click here to enquire about our Saver Plus program today.

Findings from Saver Plus

Independent research published by RMIT University in 2012 found that of participants who completed the program:

  • 87% continued to save the same amount or more up to 12 months post completion.
  • 93% reported that achieving their goals increased their self-esteem.
  • 79% said they were better equipped to deal with unexpected expenses.
  • 81% encouraged family members, including children, to save.
  • 89% reported that the education product had a positive effect on their own or their child’s experience.

The program has been acknowledged as one the most internationally successful matched savings programs and won the Prime Minister’s Awards for Excellence in Community Partnerships 2006 and 2007 and Best Socially Responsible Product in Money Magazine’s Best of the Best 2008 awards.

View Saver Plus research

Who delivers Saver Plus?

Saver Plus is available in 61 locations across Australia. In addition to the Brotherhood of St Laurence, the following organisations deliver the program:

Anglicare NT

Anglicare SA

Anglicare WA

Benevolent Society

Berry Street

Bethany Community Support

BGT

Jewish Care Victoria

Haven; Home, Safe

The Smith Family

Contact us

Phone 1300 610 355
SMS your name and postcode to 1300 610 355
Email  saverplus@nullbsl.org.au
Website www.anz.com/saver-plus

Brotherhood of St Laurence
Saver Plus
Mezzanine Level
145 Smith Street
Fitzroy VIC 3065
Phone: (03) 9445 2400
Email: saverplus@nullbsl.org.au

Brotherhood of St Laurence
Saver Plus
24–26 High Street
Frankston VIC 3199
Phone: (03) 8781 5900
Email: saverplus@nullbsl.org.au

Brotherhood of St Laurence
Saver Plus
59 Craigieburn Road
Craigieburn VIC 3064
Phone: (03) 9483 2416
Email: saverplus@nullbsl.org.au

Brotherhood of St Laurence
Saver Plus 
Living Learning Pakenham
6B Henry Street
Pakenham VIC 3810
Phone: (03) 5941 9155
Email:  saverplus@nullbsl.org.au

Find out where you can join Saver Plus.

Help us improve

We welcome feedback. Please use the online feedback form.

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What Saver Plus participants say about the program

“Saver Plus has been such a help. I had been trying to save for a laptop for my son for a year and every time I got my savings up, along came a bill or my car would have problems! My son has finally got a laptop and is not getting a hard time from the other children at school.”
Casey Cardinia participant

“Saver Plus was the best savings ‘technique’ that allowed me to succeed. It is simple, consistent and works. I learnt discipline about money –  the program really made me focus on the important issues about my family. Saver Plus boosted my confidence and my self esteem."
Frankston participant

“To be honest I had no idea about budgeting and didn’t have much self-esteem. It has been wonderful to learn something that you can teach your children for when they grow up.”
Dandenong participant

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