Bank account news and advice

All the latest bank account news and top tips to help you manage your bank account.

Australia's Best Savings and Bank Accounts for 2021 Unveiled

Australia's Best Savings and Bank Accounts for 2021 Unveiled

With interest rates in Australia stuck at an all time low, getting the best value savings, bank accounts and term deposits is critical, whether you’re wanting to maximise your interest rate, enjoy fee-free everyday banking or reach your savings goal faster.

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Qudos bank wins title of australias best large mutual bank

Qudos Bank wins title of Australia’s Best Large Mutual Bank in 2021

Mutual banks have emerged as a viable alternative to the big banks over the years. And Qudos Bank has proven it’s one of the best choices out there, taking out the title of Australia’s Best Large Mutual Bank for 2021.This year, our panel of judges assessed 89 banking providers to determine which ones offered the greatest value across the widest range of products. Awards were given to those that performed the best over the last 12 months of Mozo Experts Choice Awards.While Qudos picked up medals throughout the year for its savings accounts and personal loans, a title in the Australia’s Best Banking contingent of Mozo awards recognises value offered across the bank’s product suite. This year marks the second year in a row that Qudos has been awarded this honour.

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Illawarra credit union named australias best credit union

Illawarra Credit Union named Australia’s best credit union

Founded nearly 50 years ago, Illawarra Credit Union has learned a thing or two about keeping customers happy. And it's this customer-centred approach to banking that helped it win the title of Australia’s Best Credit Union in our 2021 Best Banking Awards.Our team of judges assessed 89 providers on the basis of value and quality. The winners were determined by the number of Mozo Experts Choice Awards they had won over the last 12 months and how their products compared against competitors.Illawarra Credit Union stood out mainly for its home loans, which were recognised in the offset, first home buyer, and packaged home loan categories in 2021. But it also impressed our judges with its personal loan and car loan offers.Since 1972, Illawarra Credit Union has provided a community-oriented banking alternative to the big banks. As a customer-owned credit union, it’s able to invest its profits into improving its products and services, rather than divvying it out to shareholders. We’ve collected an assortment of Illawarra Credit Union products below, but if you’re looking for more information on its win, be sure to read our 2021 Australia's Best Banking methodology report.

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