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Ubank named australias best online bank

UBank named Australia’s best online bank

Since its founding in 2008, UBank has made a name for itself with its competitive rates and innovative approach to banking. And it continues to impress, earning the title of Australia’s best online bank in the 2021 Mozo Experts Choice Awards.This year, our team of judges assessed 89 different Australian financial institutions to determine which ones offered the best value across the broadest range of products. Among online banks, UBank was the clear standout.Not only was it recognised for its range of home loans, we were also wowed by its everyday banking products, including a savings account which consistently ranks among the best value offers on the market.

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Westpac wins award for australia s best major bank for second year running

Westpac wins award for Australia’s Best Major Bank for second year running

After a year of sifting through awards and analysing data to find the crème de la crème of Australian banking providers, Westpac has been crowned Australia’s Best Major Bank for the second year running in the Mozo Experts Choice Best Banking Awards.The double-whammy win comes off the back of a long list of awards accrued across the last 12 months. The Best Major Bank title is one of just six categories in the Australia’s Best Banking awards, and recognises Westpac as the most competitive player among the big four banks. To determine the results for these awards, Mozo’s Expert Judges analysed 89 banks, mutual banks and credit unions to find those that stood out in banking product categories and Mozo awards. “Having taken out this award for two consecutive years shows Westpac is providing a great diversity of banking products while maintaining the security and service many Australians are looking for in a major bank,” Mozo Banking Expert and Awards Judge, Peter Marshall said.“While not every financial product Westpac offers is a leader in its field, we found offerings from this big bank to be more competitive in our awards and other assessments than the rest of the major banks.”Check out some of the products available at Westpac below for a sample of what’s on offer with this popular big bank.

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Australia s top rated banking providers in the mozo people s choice awards

Australia's top rated banking providers in the 2021 Mozo People's Choice Awards

During these financially uncertain times, it pays to know your banking provider has your back, which is why factors like trust and customer service should be top of mind. That’s where the 2021 Mozo People’s Choice Awards come in. Now in their 12th year, these awards give everyday Australians the opportunity to rate their banking providers, for services ranging from home loans and bank accounts through to Buy Now Pay Later and share trading.The 2021 winners were based on results from a recent Ipsos survey commissioned by Mozo which recorded the attitudes of 3,973 Australians. Unlike the Mozo Experts Choice Awards which draw on data analysis from our team of in-house experts, the People’s Choice Awards are determined solely by the votes of customers.“People find it really useful to see what existing customers and users of a product say about that banking product, which is why many of us go to review websites before making a purchase decision,” Mozo Banking Expert, Peter Marshall said. “The Mozo People’s Choice Awards are an opportunity to see what actual people think about their experiences with banking products and services beyond what is being advertised.”Let’s take a look at some of 2021’s top rated banking providers. 

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Cba predicts 110 000 job losses with arts hospitality and transport hit hardest

JobKeeper cliff: CBA predicts 110,000 job losses

As many as 110,000 Australians could lose their jobs once the government’s JobKeeper scheme expires on March 28, according to new research from the Commonwealth Bank. JobKeeper was introduced at the start of the pandemic as a fortnightly wage subsidy of up to $1,500 per employee and since then that amount has been reduced to $1,000. Now with the scheme set to wrap up in less than three weeks, CommBank’s economic report has found that certain sectors will be hit harder than others.“We see transport, arts and recreation and accommodation and food services industries most at risk of job losses at the end of JobKeeper,” CommBank said. “These industries are sensitive to international travel and also suffer badly when restrictions and lockdowns are imposed.” Up to 25% of JobKeeper recipients in these “travel-sensitive industries” are expected to be out of work, totalling to about 69,000 job losses. This is followed by ‘medium risk’ industries - retail trade, education and rental and hiring - where 10% of recipients (or 18,000 out of 174,700) could be stood down once the scheme ends.As for ‘low risk’ industries which include all other sectors such as construction, health care and professional services, 5% of recipients (or 23,000 out of 450,400) may lose their jobs.CommBank has based its estimates on the assumption that around 900,000 individuals are currently receiving JobKeeper. 

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