If you’ve taken control of your own super with a Self-Managed Super Fund, part of your strategy may be finding a top value savings account to stash your retirement dollars in, with zero fees, easy access and a great interest rate. But that’s sometimes easier said than done.

Here at Mozo we’re taking the stress out of finding the perfect SMSF savings account. We’ve recently announced our 2021 Experts Choice Deposit Awards, which found and crowned the top savings account and term deposit options for Aussies managing their own super. 

Check out some of the top winners below:

1. ME - Business Online Savings Account

Won for: SMSF Bank of the Year, SMSF No Strings Savings 

Interest Rate: 0.70% p.a. 

What's the low down? If you want a SMSF savings account with a consistent rate and minimal fees the ME Business Online Savings Account could be the right choice.  It comes with a 0.70% p.a. interest rate and no start up or monthly fees attached to it. Plus, ME came out on top as SMSF Bank of the Year!

2. AMP- SuperEdge Saver Account

Won for: SMSF No Strings Savings 

Interest rate: 0.85% p.a. for 6 months on first $1m (0.65% after)

What's the low down? AMP's SuperEdge Saver Account gives your self managed superannuation fund a solid boost with it's 0.85% intro rate. And you can access your money anytime, with easy online transfers from your saver account to your cash account.

3. RaboDirect- DIY Super High-Interest Savings Account

Won for: SMSF Kick Start Savings

Interest rate: Up to 1.65% p.a. variable interest rate (4 month introductory variable rate on the first $250,000)

What's the low down? If you’re serious about managing your own superfund, then the DIY Super High Interest Savings Account could be for you. You can earn interest at 0.30% p.a. to keep your savings stash growing, plus the introductory rate of 1.65% p.a. could be the kickstart you need to hit your super saving goals faster.

4. Australian Military Bank - DIY Super Saver

Won for: SMSF No Strings Savings 

Interest rate: 0.80% p.a.

What's the low down? With the Australian Military Bank DIY Super Saver, as the name suggests, pretty much everything is in your hands. There is no minimum deposit amount when you open the account, plus there are no pesky fees attached. With this account you'll receive an ongoing interest rate of 0.80%. 

5. CUA - eSaver Reward 

Won for: SMSF Regular Saver

Interest rate: 0.95% p.a.

What's the low down? With a CUA eSaver Rewards account up your sleeve, you could see your savings grow quicker than you think. If you meet the conditions of this account, you could end up bumping that not-so-great 0.05% base rate up to a bonus rate of 0.95%. It’s all up to you to maximise what you get out of your money! 

6. Heritage Bank - Secure Super Account 

Won for: SMSF No Strings Savings

Interest rate: 0.60% p.a.

What's the low down? Sometimes it is possible for you to get the best of both worlds. With the Heritage Bank Secure Super Account you can not only grow your super with a 0.60% interest rate, you also won't pay any management, account keeping or administration fees. Plus, you can access your funds whenever you like - online, over the phone or in-branch. 

7. MyState Bank - Business Online Saver

Won for: SMSF No Strings Savings 

Interest rate: 0.50% p.a. ($10,000 and over) 

What's the low down? Want an account that’s easy to access and manage whenever you need to? The MyState Bank Business Online Saver might be what you need. While you earn a base rate of 0%, for balances over $10,000 you could earn a bonus rate of 0.50%. Not only are there no monthly account keeping fees, but there are also unlimited transfers between our related Business accounts as well as internet and phone banking. 

Term deposits

Looking to lock away your savings stash instead? Here are 3 of the top SMSF term deposits currently on offer: 

1. ME- Business Term Deposit

Won for: SMSF Bank of the Year, SMSF Term Deposit

Interest rate: 0.80% p.a for a 12 month term

Who is it good for? The ME Business Term Deposit is a great option if you’re looking to give your self-managed super fund a boost. The online account has no set-up fees or account-keeping fees, just solid interest rates on terms from 1 month up to 5 years.

2. Bank of us - Term Deposit

Won for: SMSF Term Deposit

Interest rate: 0.75% p.a. for 9 month term (under $25,000)

Who is it good for? The Bank of us Term Deposit is great for savers looking to grow balances anywhere from $5,000 to $200,000. Rates are tiered depending on term length and deposit size, but go up to a solid 1.00%. It has a variety of terms to suit your savings needs, starting from 1 month, up to three years.

3. Gateway Bank - Term Deposit

Won for: SMSF Term Deposit

Interest rate: 0.75% p.a for a 12 month term

Who is it good for? Want a secure and rewarding place to park your savings? Gateway Bank's Term Deposit could be the right product for just that. It comes with a range of interest rates and a bunch of terms (1 month to 5 years), fit for any saver. 

Check out the rest of the winners here, or head over and take our savings account comparison tool for a whirl to search the rest of the market.