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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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Four bank accounts to help you get on board with digital wallets

Four bank accounts to help you get on board with digital wallets

From alarms that wake us up in the morning to messaging services that keep us connected, our phones can pretty much be used for anything these days. We can make purchases, manage personal finances and even keep track of our health and wellbeing, all using this one device. It’s no wonder 43% of Aussies would rather lose their wallet than their phone. 

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Articles

10 banking buzzwords to know about in 2021

In the world of banking, 2020 was a whirlwind. From three RBA rate cuts and the implementation of open banking, to the growth of some neobanks and fall of others, it can all be hard to keep track of. So if you’re left feeling a bit confused about what’s to come in 2021, we’ve got you covered. Here are our top 10 banking buzzwords you’re likely to hear more than once this year. 

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