Beat bank fees with these fee-free banking deals

The big banks (and some smaller ones) may have recently made ATM fees a thing of the past for Aussie spenders, but don't be too quick to celebrate. We're still shelling out hundreds in bank fees every year - in fact, the average Aussie household paid $477 in bank fees last year according to the RBA.
That’s a lot of money to be throwing away every year, particularly when there are a number of fantastic fee-free banking products on the market now.
So read on for the Mozo money experts picks of some of the most feature-packed, fee-free savings accounts, credit cards and home loans around and wave goodbye to bank fees once and for all.
FEE-FREE SAVINGS ACCOUNT
ING Savings Maximiser

$0 account fees
2.8% ongoing bonus rate (conditions apply)
Mozo's Experts Choice Award Winner 2017
What's the deal?
A fee-free place to stash your cash is just the beginning with ING’s Savings Maximiser. It comes with a standard interest rate of 1.50%, and if you have a linked Orange Everyday account and deposit at least $1,000 a month, that bumps up to 2.8%. Add free transaction over the phone or online and it’s a pretty sweet deal.
Where do I get it? Head over to ING Direct to find out more >>
FEE-FREE HOME LOAN
RACQ Bank Mortgage Saver Special

No upfront or ongoing fees
3.74% variable rate (3.74% comparison rate)
Borrow with as little as 5% deposit
What's the deal?
The Mortgage Saver Special from RACQ Bank really packs a punch in terms of value. Not only are there no application or yearly service fees, but it also comes with a rock bottom interest rate. The best part is you don’t have to sacrifice features for price, with fee free repayments, redraw facility (fees apply) and a split rate option all included.
Where do I get it? Head over to RACQ Bank to find out more >>
FEE-FREE CREDIT CARD
28 Degrees Platinum Mastercard

$0 annual fee
0% foreign exchange margin
21.99% purchase and cash advance rate
What's the deal?
The 28 degrees Platinum Credit Card is the perfect fit for frugal spenders. With no annual fee, no additional card fee and 55 interest free days, you won’t have to worry about paying too much for convenience. Plus, you can cash in on the included 24/7 concierge service and Shoppers Protection Insurance for just 1% of your monthly closing balance. What’s not to love?
Where do I get it? Head over to 28 Degrees to find out more >>
FEE-FREE REWARDS CARD
American Express Qantas Discovery Card

$0 annual fee
Earn up to 2 Qantas points per $1 spent
Mozo Experts Choice Award Winner 2017
What's the deal?
Rewards card are notorious for hefty fees, but with the American Express Qantas Discovery card, you’ll pay no annual fee at all. It comes with a 20.74% interest rate and 44 days interest free. With 2 Qantas points per $1 up for grabs and no cap on points, this piece of plastic will help you stack up a pile of freebies without breaking the bank.
Where do I get it? Head over to Amex to find out more >>
^See information about the Mozo Experts Choice Bank accounts Awards
Want to compare more fee-free banking deals on Mozo?
> Find more fee-free everyday bank accounts >>
> Save with no annual fee credit cards >>
> Compare fee-free savings accounts >>
Sources for average household banking fees:
RBA Domestic Banking Fee Income C09 published 15 June 2017
ABS Household and Family Projections Australia, 2011 to 2036, Catalogue Number 3236.0 published 19 March 2017