Saver Plus
Saver Plus is a matched savings and financial education program, offered locally by community organisations in every state and territory.
Saver Plus assists individuals and families on lower incomes to build assets and improve financial capability, and has supported thousands of lower income earners to develop a lasting savings habit.
Saver Plus offers:
- up to $500 in matched savings for education costs
- fun, free and informal financial education workshops
- assistance and support from a Saver Plus coordinator to establish a savings goal and develop a savings habit.
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.
Who can Join?
Participants must meet all of the below criteria:
- be at least 18 years old
- have a child at school or attend vocational education yourself
- have some regular income from your work (you or your partner)
- have a Centrelink, Health Care or Pensioner Concession Card
- be able to demonstrate a capacity to save after your regular expenses have been paid
- have a connection to the area in which the Saver Plus program is run, by living, working, studying or having children at school there
- have not received matched funds from Saver Plus before (you or your partner)
- be in receipt of an eligible Commonwealth social security benefit, allowance or payment*
Contact us
Phone 1300 610 355
SMS your name and postcode to 1300 610 355
Email saverplus(at)bsl.org.au
View the provider list (PDF, 258kb).
* many Centrelink payments are eligible, please contact your local Coordinator for more information
History
Established in 2003 to encourage saving for education expenses, Saver Plus is now offered in more than 60 communities across Australia. More...
Saver Plus, is Australia’s largest and longest running financial education and matched savings program. Since 2003 over 36,000 Saver Plus participants have saved more than $17.3 million, with ANZ matching $14 million for education expenses.
Partners
Saver Plus is an initiative of Brotherhood of St Laurence and ANZ, and delivered in partnership with local community organisations. It is funded by ANZ and the Australian Government. Read more...
Saver Plus is delivered in partnership with Berry Street, The Benevolent Society, The Smith Family, and other local community agencies – Bethany, Ballarat Group Training and Jewish Care Victoria. The program is funded by ANZ and the Australian Department of Social Services. Go to www.dss.gov.au for more information.
Awards & Research
Saver Plus has been acknowledged as one the most internationally successful matched savings programs with various awards. Read more...
Saver Plus has won:
- the Prime Minister’s Awards for Excellence in Community Partnerships 2006 and 2007
- Best Socially Responsible Product in Money Magazine’s Best of the Best 2008 awards
- and the Outstanding Achievement Award in the Community category MoneySmart Week 2012.
Findings from Saver Plus
Read the RMIT research report Saver Plus: pathways to wellbeing (PDF file, 3 MB) by Roslyn Russell, Jozica Kutin and Mark Stewart 2018.
Read the previous impact report Saver Plus Report 2016 (PDF, 1.9MB)
Saver Plus, is Australia’s largest and longest running financial education and matched savings program. Since 2003 over 36,000 Saver Plus participants have saved more than $17.3 million, with ANZ matching $14 million for education expenses.
Saver Plus is delivered in partnership with Berry Street, The Benevolent Society, The Smith Family, and other local community agencies – Bethany, Ballarat Group Training and Jewish Care Victoria. The program is funded by ANZ and the Australian Department of Social Services. Go to www.dss.gov.au for more information.
Saver Plus has won:
- the Prime Minister’s Awards for Excellence in Community Partnerships 2006 and 2007
- Best Socially Responsible Product in Money Magazine’s Best of the Best 2008 awards
- and the Outstanding Achievement Award in the Community category MoneySmart Week 2012.
Findings from Saver Plus
Read the RMIT research report Saver Plus: pathways to wellbeing (PDF file, 3 MB) by Roslyn Russell, Jozica Kutin and Mark Stewart 2018.
Read the previous impact report Saver Plus Report 2016 (PDF, 1.9MB)
