Banking

Navigate the banking maze with ease. We compare interest rates, fees and product details of hundreds of retail banking products from Australia’s big banks, mutual banks, neobanks and credit unions. Brush up on financial lingo via our guides, crunch numbers with our suite of financial calculators and comparison tools, we’re here to help you get a more competitive banking deal.

Latest Banking Guides

We’ve crunched the numbers, read the fine print and researched hundreds of products. Penned by Mozo’s team of money experts, our banking guides help you uncover smart ways to save and get a better deal on your finances.

Latest Banking News

Getting married in 2021 what are my options to fund a wedding

Getting married in 2021 what are my options to fund a wedding

Spring wedding season is around the corner, and despite tying the knot in 2021 may look a little different than before.  Many Aussies have been forced to change their wedding plans throughout 2020 and this year, with multiple lockdowns and different levels of restrictions.However, for many couples the expense of a wedding was and is still a tricky cost to cover. Whether mum and dad are pitching in, you take out a personal loan or reach into your wallet for your credit card, the truth is that your savings may not be enough.  In fact, according to moneysmart the average cost of a wedding in Australia currently sits at $36,000. Their stats found that while 82% of couples relied on their savings to cover wedding costs, another 60% took out a loan and 18% used their plastic. 

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Could a short term deposit be the cure to comfort spending in winter

Could a short term deposit be the cure to comfort spending in winter

Comfort spending is all too tempting during the cold winter months, especially when you’re stuck at home during a lockdown. You may not be allowed to go outside, but you can still access the internet right? Before you know it harmless browsing turns into five things in your cart and a big dent in your savings stash. If only there were somewhere to keep your rainy day fund out of reach.

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Is paying off a car loan early a good idea the pros and cons

Is paying off a car loan early a good idea the pros and cons

Paying down your car loan early can be a great idea, but it also might not be. The truth is, in some cases clearing car loan debt can be a savvy option and can improve your financial situation. However, in others it can have the opposite effect and impact your ability to afford things or pay off other forms of debt. Essentially, it’s all about you and where you financially stand. So what’s the right choice for you? That’s where our pros and cons list comes in handy! Read on as we weigh up the advantages and disadvantages of paying off a car loan ahead of time… 

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The best international money transfer providers

The best international money transfer providers

Finding a way to send money overseas can be tricky. From securing the best conversion rates to dodging hefty transaction fees, there are a fair few things to think about. So choosing the cheapest international money transfer (IMT) provider is crucial if you want to keep more money in your pocket. That’s where the 2021 Mozo Experts Choice Awards for International Money Transfer^ come in.Out of 28 IMT providers (both banks and non-banks), Mozo’s experts have named the top three services for 2021, as well as the best bank for sending money overseas. The judges compared quotes from providers across a handful of different currencies, and weighed up any potential fees that could be charged to a customer making the transfer.“Out of all the IMT providers our research team compared, this year’s winners stood out with great exchange rates and minimal fees on international transfers,” Mozo’s expert judge, Peter Marshall said. When it comes to the best value IMT services, CurrencyFair, InstaReM and Wise all snagged 2021 Mozo Experts Choice Awards^ for best International Money Transfer. Meanwhile, Citi was crowned best International Money Transfer (Bank) for the sixth year in a row, and remains the only bank to have ever won in this category.“Online specialist services shone brightly again this year, as they offer competitively sharp prices when compared with similar services from traditional banks,” Marshall explained. “That being said, since 2016 when the IMT Mozo Experts Choice Awards first began, Citi has continued to dominate among the banks that offer this type of service.”

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Save money on your banking

Mozo, Australia's money saving zone, helps you to start saving money by comparing retail banking products like home loans, insurance, savings accounts, credit cards and much more. If you want excellent money saving ideas, we have you covered.

Find out which financial products and services are the best for your situation. Whether you are a student looking for financial advice or a new home owner trying to choose the best loan - there is advice and tips on saving money on the Mozo that will make life easier for you.

Managing your money with Mozo

Money saving deals are everywhere but you need to know where to find them. Rather than trawling through all of the financial institutions' website, turn to Mozo, where you can find the right deals for you - that's the best way to save money when organising a new loan or term deposit. You could also join the Mozo community,

Need to know how much pocket money is a good amount for child? Or do you need advice on a particular loan decision? No matter how big or small your question  Mozo's team of money experts will be able to answer your query.

Need some tips?

Saving money always sounds like a plausible plan, until that unexpected bill comes along! Good money management is a skill that everyone wants, but in reality they may find it hard to actually put into action.

Mozo offers an extensive catalogue of banking and financial reviews, blogs and feature money articles to help you learn how to manage your money. Our articles cover everything from getting a cash management account to exchanging foreign currency for your next big holiday. If you are after up-to-date money saving ideas, then check out these articles - they offer expert advice at the click of a mouse.

Use our banking tools to get your money sorted

If you need ways to help you manage your money you've come to the right place. The first step is to create a budget - our budget calculator can help you work out where you could trim back your expenses to bring your debts under control. Once you feel like you're in charge of your financing, use our savings calculator to start saving for the things you really want - or, if you're ready to make that next big step, use the home loan calculator to see if you're able to buy a house.

Doing things the easy way

These are easy ways to save money - getting advice from the experts and taking advantages of online calculators and searches to work out what the best way for you to save money is - and which financial institutions can provide the best product for you!

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