Macquarie named Mozo Everyday and Savings Bank of the Year for 2021
Macquarie has taken out the title of 2021 Everyday and Savings Bank of The Year at the annual Mozo Experts Choice Awards for Bank Accounts and Savings, which were announced this morning.
A mainstay of the Mozo Experts Choice Awards in recent years, this is the first time Macquarie has received the major title, with Awards Judge, Peter Marshall, suggesting that the competitiveness of Macquarie’s deposit products - especially in the current rate climate - helped it stand out.
“Over the last year deposits have become a lot less important for some banks, particularly when compared to lending,” he said. “This hasn’t been the case with Macquarie though. While it has had to cut rates like everyone else, it hasn’t cut as hard, which means it’s managed to maintain the good value of its deposit products relative to competitors.”
“Ultimately it’s encouraging to see Macquarie offering this range of everyday banking and saving accounts that not only offer great value and features, but which everyone can access and use.”
In order to stand out in a field of 92 different institutions, the winner of the Everyday and Savings Bank of The Year Award needs to offer excellent value and features across a range of products - everything from bank accounts and savings accounts to mobile banking apps.
And this year Macquarie did just that, taking out six other Mozo Experts Choice Awards in addition to its major title. They include:
- Exceptional Everyday Account - For the Macquarie Transaction Account
- Exceptional Everyday Account - For the Macquarie Platinum Transaction Account
- Kick Start Savings - For the Macquarie Savings Account
- No Strings Savings - For the Macquarie Savings Account
- Excellent Banking App - For the Macquarie Mobile Bank app
- Internet Banking - For Macquarie’s internet banking service
As the awards above show, Macquarie also demonstrated particular strength on the technology front - taking out best internet banking for the third consecutive year, as well as an award for excellent banking app for the second year.
“It’s fair to say that when it comes to interacting with banks, a lot of us do that through internet banking or mobile banking apps these days. And given that quite a few bank accounts essentially let you conduct everyday banking fee-free, these digital platforms and the features they offer can be an essential point of difference,” said Marshall.
“Macquarie’s obviously invested a lot of time and resources into making the best internet banking service out there, as it has all the functionality you could possibly want plus a lot of extras. It also has a mobile banking app which is up there with the very best around.”
RELATED: Winners announced in the 2021 Mozo Experts Choice Awards for Savings and Bank Accounts
You can find out more about the Mozo Experts Choice Awards for Bank Accounts and Savings in the link provided, including all the other 2021 winners and a copy of the judging methodology report, by visiting the link.
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Mozo experts choice awards won:
- Exceptional Everyday Account - 2024
Orange Everyday
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Apple Pay, Google Wallet, PayID, PayTo
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The everyday bank account that could pay you for paying bills. Get 1% cashback on eligible utility bills (up to $100), $0 ING international transaction fees, and up to 5 rebated ATM withdrawals a month here or overseas (T&Cs apply) and no monthly fees to pay. Mozo Experts Choice Awards Everyday & Savings Bank of the Year winner for 2024.^
CompareCompareOrange Everyday
The everyday bank account that could pay you for paying bills. Get 1% cashback on eligible utility bills (up to $100), $0 ING international transaction fees, and up to 5 rebated ATM withdrawals a month here or overseas (T&Cs apply) and no monthly fees to pay. Mozo Experts Choice Awards Everyday & Savings Bank of the Year winner for 2024.^
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- Apple Pay, Google Wallet, PayID, PayTo
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- 0% p.a.
- ATM networks
- None
- What kind of card?
- Visa Debit
- Interest rate
- Balances from $0: 0.00% p.a.
- Fee free transactions
- Access 1% cashback on eligible utility bill payments (up to $100 per financial year), rebates on ATM fees for the first 5 fee incurring withdrawals (domestic). When you deposit at least $1,000 from an external bank account and make at least 5 card purchases using your ING debit card each month.
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Enjoy $0 monthly account fees and international fees, with no minimum deposit or balance requirements. Buy, hold and spend in 10 currencies (AUD included) and earn 2% cashback for purchases under $100 (T&C’s apply). Mozo's Experts Choice 2024 winner for Exceptional Everyday Account.^
CompareCompareEveryday Global Account
Enjoy $0 monthly account fees and international fees, with no minimum deposit or balance requirements. Buy, hold and spend in 10 currencies (AUD included) and earn 2% cashback for purchases under $100 (T&C’s apply). Mozo's Experts Choice 2024 winner for Exceptional Everyday Account.^
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- Visa Debit
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An easy, everyday banking account packed with flexible options to help you spend, budget & save better. $0 monthly account keeping fees & option to add up to 9 sub-accounts.
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An easy, everyday banking account packed with flexible options to help you spend, budget & save better. $0 monthly account keeping fees & option to add up to 9 sub-accounts.
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- Visa Debit
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Unlimited free internet transactions. Super fast transfers & use Apple Pay, Google Pay and Samsung Pay. No account keeping fees. Access Any Major Bank & MyState Bank ATM Fee-Free.
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Unlimited free internet transactions. Super fast transfers & use Apple Pay, Google Pay and Samsung Pay. No account keeping fees. Access Any Major Bank & MyState Bank ATM Fee-Free.
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- Apple Pay, Google Wallet, PayID, Samsung Pay, Garmin Pay
- interest rate
- 0% p.a.
- ATM networks
- MyState
- What kind of card?
- Visa Debit
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- Balances from $0: 0.00% p.a.
- Fee free transactions
- Unlimited free internet transactions.
Read our Mozo Review to learn more about the MyState Bank Glide Account
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^See information about the Mozo Experts Choice Bank Account Awards
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