SMSF Account Awards 2020

Congratulations to the 2020 winners of Mozo Experts Choice Awards for Self Managed Superannuation Fund Banking. If you’re looking for a high value account to add to your Self-Managed Super Fund, start with the winners below and find the one best suited to your needs.

Mozo Experts Choice Awards 2020 Badge

What are the Mozo Experts Choice Awards?

Now in their seventh year, the Mozo Experts Choice Awards provide a platform to highlight products in the marketplace we believe offer great value to Australians.

For the 2020 bank account awards, we analysed 97 SMSF banking and savings products issued by 43 Australian financial institutions.

“f you’re holding cash funds in your SMSF, it’s important to make sure you’re getting the best possible rate” said Peter Marshall, Mozo Experts Choice Awards judge.

“The winners of the Mozo Experts Choice Awards for Self Managed Superannuation Fund Banking are the perfect starting point to choosing one that works for you.”

For details on how we crunched the numbers and determined our winners see our 2020 Mozo Experts Choice Awards Bank Accounts & Savings methodology report.

SMSF Savings Bank of the Year

AMP Bank logo

AMP Bank

For the second year in a row, we awarded AMP both Small Business Bank of the Year and SMSF Bank of the Year. It’s products took out 6 wins across Small Business and SMSF categories, more than double any other financial institution making it clear, to us, the leader in the small business and SMSF offerings.

SMSF Regular Saver

This category identified the best ongoing savings rates for SMSFs, whether an unconditional base rate or rates where qualifying criteria must be met each month in order to get the best rate.

Bank First logo

Bank First

Bonus Saver

BankVic logo

BankVic

SMSF Saver

Great Southern Bank logo

Great Southern Bank

eSaver Reward

Qudos Bank logo

Qudos Bank

DIY Super Saver

 

SMSF Kick Start Savings

The best accounts for SMSFs looking to take advantage of market leading introductory rates, calculated on the total returns for the first 12 months of account ownership.

AMP Bank logo

AMP Bank

SuperEdge Saver Account

Rabobank logo

Rabobank

DIY Super High Interest Savings Account

 

SMSF No Strings Savings

This award included leading SMSF savings accounts where no conditions are required to receive the rate, introductory rate offers are also excluded.

AMP Bank logo

AMP Bank

SuperEdge Saver Account

BankVic logo

BankVic

SMSF Saver

bcu logo

bcu

Retirement Savings Account

Great Southern Bank logo

Great Southern Bank

eSaver Flexi

 

SMSF Term Deposit

This category aims to identify the financial institutions that consistently offer SMSF customers competitive interest rates across short, medium, and long term investments.

AMP Bank logo

AMP Bank

Term Deposit

ING logo

ING

Business Term Deposit

ME logo

ME

Business Term Deposit

 

 

Frequently Asked Questions

What’s the Judging Criteria for the awards?

Running since 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers.

See our methodology report for more detailed information on how we performed product comparisons and determined the final winners for the Bank Accounts & Savings awards.

 

Did you compare all SMSF banking and savings products in the market for these awards?

Our aim is to include most SMSF providers in the market in the Mozo Experts Choice Awards. However, not every financial institution product on the market will be included in our review. Any product we review must be available in the market at the time of our analysis.

 

How do I choose the best SMSF account for me?

When you're comparing super funds, it’s important to weigh up fund performance and the fees you'll pay against other factors such as risk, investment returns, services and insurance. Compare our winners list and see if our stand-outs are the solution for you.

 

Who are the Mozo’s experts?

The Mozo Experts Choice Awards analysis is overseen by AJ Duncanson, Mozo’s
Data Services Director. AJ is a data scientist and actuary, and has worked in
financial services and product comparison for almost three decades. Together with our Product Data Manager, Peter Marshall, the team has over 50 years of financial services experience.

 

I work for a financial institution, how do we promote our win?

Please get in touch with us to discuss by emailing or phoning our account management team on 02 9037 4368.