Saver Plus

The key to improving financial capability is to encourage the development of a savings habit.

For lower income families, the benefits of saving, even small amounts, gives protection from financial shocks and builds confidence in managing money and dealing with banks and other financial institutions.

Michelle Hooper with her daughters

What is Saver Plus?

Before I would scrimp and scrape my way through, but Saver Plus has taught me to save properly so we've got some money on the side for a rainy day.

Mum of four, Kylie

Saver Plus is a 10 month financial education and matched savings program that assists families to gain financial skills, establish a savings goal and develop long term savings habits. As an incentive to save, participants receive up to $500 in matched savings when they complete the program which can be used for educational costs such as computers and tablets, text books and uniforms.

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

Set up 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.

Who is eligiblE for SAVER PLUS?

Participants may be eligible to join Saver Plus if they:

  • have a Centrelink Health Care or Pensioner Concession Card

  • are at least 18 years old

  • have some regular income from work (self or partner) including casual, part-time, full-time or seasonal work, 

  • have a child at school or attend vocational education themself, and

  • live, work, study or have a child at school in an area when Saver Plus is delivered.

Once eligible participants sign up for Saver Plus they:

  • are assigned a Saver Plus Coordinator that provides personal support and guidance throughout the program

  • identify a savings goal

  • make regular deposits over 10 month period

  • attend MoneyMinded training to improve their financial skills, which consists of four informative, fun and informal workshops.

Upon completion of the program, ANZ matches the participants' savings dollar-for-dollar up to $500 which can be spent on educational expenses including computers, text books, uniforms, excursions, music and sports costs.

Rockhampton mums Ralene and Katrina

the outcome

The Smith Family has benefited nearly 9000 families with Saver Plus.

Mum of four, Kylie

The Smith Family has benefited nearly 9000 families with Saver Plus.

Findings from independent research published by RMIT University in December 2012 found that:

  • 87 per cent of participants were still saving the same amount or more up to 12 months after completing Saver Plus

  • 79 per cents of all participants said they were better equipped to deal with unexpected expenses

  • 93 per cent of participants reported that achieving their savings goals increased their self-esteem

For more information on Saver Plus please contact us by

Phone: 1300 610 355
SMS: your name and postcode to 1300 610 355
or visit the website: