Now in their fifth year, the Mozo Experts Choice Awards provide a platform to highlight products in the marketplace that offer great value to Australians.
Providers don’t pay to be in the running and we don’t play favourites. Our Judges base their decision on hard-nosed calculations of value, using Mozo’s extensive product database and research capacity.
To find Australia’s Best for 2018, we’ve gone back over all the banking awards we judged over the last year and identified which providers are featured most often in our list of best value products. For details on how we crunched the numbers and determined the winners, see our methodology report.
Here are this year’s winners, and just a small selection of their products.
To be shortlisted for an Australia’s Best Award, a banking provider needed to have won at least five Mozo Experts Choice Awards for individual products since July 2017. Providers were then assessed on overall performance across every banking award, and ranked according to how often their products ranked better than the others.
Australia’s Best are the providers who appear near the top of our lists of best value products, most often. They don’t need to offer products in every individual category, they just need to be really good at what they do.
We surveyed the banking app market, comparing 27 key features grouped functions into three key areas: core function, convenience function and extra functions. We also considered customer user data to determine an average user satisfaction score that was factored into the final rankings.
Our awards methodology report has further details outlining each feature and a list of providers that were considered for the awards.
Every day, Mozo tracks the pricing and features of thousands of products in banking, insurance and energy. Our in-house research team uses a mix of technology and people to gather data and check our facts, and we maintain an extensive database of information. This is how we can determine which are the best value products, and which are Australia’s Best at consistently offering great value.
No. Unlike some other awards, there’s no subscription cost and we consider as many providers as we can regardless of whether they have any commercial relationship with Mozo.
Mozo has been researching and comparing financial products since 2008, and thousands of Australians use our comparison services each month. Our research team is headed by our Data Services Director and our Product Data Manager who have over 50 years of financial services experience and 23 years in online financial comparison.
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