ME takes out top spot as Mozo reveals Australia’s Best banks of 2018
Drum roll please… the results are in for the Mozo Experts Choice Australia’s Best Awards, revealing the top value banking picks for Aussies in 2018.
The Mozo Experts Choice Awards are held annually, and are designed to highlight the top value options in product categories including home loans, deposit accounts, credit cards and more. And each year, it all comes together in the Australia’s Best Awards, in which our experts go back over the banking awards from the previous 12 months to find the providers offering consistently great value across the most important products.
“If you’re looking for a great value banking experience but want to choose just one provider for all your different products - your home loan, savings account, credit card and anything else you need - then the Australia’s Best Awards are a good place to start searching. These providers are our top picks for overall value,” said Mozo Data Services Director, AJ Duncanson.
Want to make sure you’re banking with the best possible? Check out our Australia’s Best Award winners below.
Australia’s Best Bank - ME
ME is now a two-time Australia’s Best Bank winner, having previously taken out the award in the 2016 inaugural Mozo Experts Choice Australia’s Best Awards.
ME has been a consistent winner of Mozo Experts Choice Awards over the past 12 months, and our experts determined it had the widest range of top-performing products across different categories. Some of ME’s major winning products this year included the frank Credit Card and the Flexible Home Loan.
Australia's Best Customer-Owned Banking - Newcastle Permanent
For those who are keen to join a customer owned institution, Newcastle Permanent was the top pick for our experts. It also took out the title of Home Loan Lender of the Year in 2018, so if you’re in the market for a mortgage, give them a look.
Australia's Best Small Bank - Qudos Bank
They say good things come in small packages, and that’s certainly true of Qudos Bank. With a range of great home loans and products across other key categories also ranking well, Qudos Bank packs a punch when it comes to value.
Australia's Best Credit Union - CUA
CUA is Australia’s largest credit union - and now it can officially call itself the best as well. With Mozo Experts Choice wins across products including home loans, savings accounts and personal loans, it certainly deserves the title.
Australia's Best Major Bank - Westpac
Prefer to stick with a big bank? Our experts’ pick for 2018 is Westpac, which took out Mozo Experts Choice Major Bank Awards across multiple product categories this year, with major wins for its credit card and deposit account offerings.
Australia's Best Mobile Banking - Commonwealth Bank
Mobile banking is more important to Aussies than ever, so we thought it fitting to find Australia’s Best Mobile Banking experience this year. Out of 70 mobile banking apps, CommBank came out on top in terms of functionality, usability and design.