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Mozo experts choice awards 2022 australias best banking

Australia’s Best Banking 2022 Mozo Experts Choice Awards

Congratulations to the 2022 winners of Mozo Experts Choice Awards for Australia’s Best Banking.

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Stats crunched by Mozo Experts

View methodology report

If you’re on the lookout for a great value banking provider, the Mozo Experts Choice Award winners list could be the ticket to finding your financial match! The Australia’s Best Banking awards showcase the banking providers that have consistently delivered the best value for money products and services to their customers over the past 12 months based on our expert analysis. Each winner ranked highly across a wide range of banking products and were awarded to honours for outshining the competition in 2022.


Standout Winners

Mozo experts choice awards 2022 australias best banking

Australia's Best Bank

Macquarie may have made its name as a bank for the big end of town, but it has been increasingly getting attention for very competitive products for all Australians. Earlier this year Macquarie took out an award for its Packaged Home Loan and ranked very well in other home loan awards categories. The bank also scooped an amazing four awards for its everyday and savings products. Macquarie also offers competitive credit cards and personal loans, making it a retail banking force to be reckoned with and the surefire winner of this year’s grand crown.

Congratulations to:

Macquarie

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Mozo experts choice awards 2022 australias best banking

Australia's Best Bank Finalist

Year after year, ING continues to offer Australians a leading range of competitively priced home and personal loans, credit cards, savings and bank accounts. Having scored two awards for Home Loans and three for Savings and Bank accounts over the last year, ING clearly remains a great value banking option for many Australians and this year’s runner up for Australia’s Best Bank.

Congratulations to:

ING

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Mozo experts choice awards 2022 australias best banking

Australia's Best Essential Banking

Ubank already had a history scoring well in our awards, but it overhauled its entire product range following the merger with 86 400. The result according to our experts is Australia’s best essential banking brand. From award-winning home loans, savings and transaction bank accounts it’s hard to go past UBank as a great option for the banking basics.

Congratulations to:

ubank

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Mozo experts choice awards 2022 australias best banking

Australia's Best Large Mutual Bank

Qudos Bank took out two Home Loan awards and another in our Savings Account awards over the last year. But it’s when looking across the range of products compared with other similar Mutual Banks that it becomes apparent that Qudos looks after its customers, landing them the award for Best Large Mutual Bank for the third year running.

Congratulations to:

Qudos Bank

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Mozo experts choice awards 2022 australias best banking

Australia's Best Small Mutual Bank

Gateway Bank performed outstandingly over the last year, with awards for Home Loans, Personal Loans, Savings Accounts and Term Deposits. While others in our ‘Small Mutual’ category also won several awards, they did not have the breadth and consistency achieved by Gateway Bank.

Congratulations to:

Gateway Bank

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Mozo experts choice awards 2022 australias best banking

Australia's Best Credit Union

Credit Union SA is another winning provider that stood out for its consistency. It not only won awards for Credit Cards and Personal Loans, but it also offers competitive rates on its home loans, while beating comparable providers for both term deposits and savings accounts.

Congratulations to:

Credit Union SA

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Mozo experts choice awards 2022 australias best banking

Australia's Best Major Bank

Sometimes people just want to go with a large institution, a bank that does absolutely everything or that has a local branch, and that often means one of the Big 4. We applied our analysis to the four majors and Westpac had an edge over the others when viewed across all the main product categories.

Congratulations to:

Westpac

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What are the Mozo Experts Choice Awards?

Now in their ninth year, the Mozo Experts Choice Awards present an opportunity to recognise products in the market we believe offer great value to Australians.

For the 2022 Australia’s Best Banking awards, our Experts assessed 90 providers from a collated list of all Authorised Deposit-Taking Institutions (ADIs) in the Mozo database that had been assessed for our Mozo Experts Choice awards since July 2021.

“The Mozo judges work throughout the year to find the best in class options for a variety of banking products. For these Australia's Best Banking Awards, we seek to identify the banks that offer the best value services overall across their range of products,” said Mozo Experts Choice Awards Judge Peter Marshall.

“After scouring thousands of rankings and data points we are pleased to present our list of the best banks in Australia no matter what type of bank you prefer to deal with.”

For details on how we crunched the numbers and determined our winners, see the 2022 Mozo Experts Choice Australia’s Best Banking Awards methodology report.


Our Expert Judges

We couldn’t have a name like the Mozo Experts Choice Awards without a dedicated and experienced team of product data analysts at the helm. Combined they have decades of experience behind them. Meet them below.

FAQs

What’s the Judging Criteria for the Mozo Experts Choice Awards?

Running since 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. See our Mozo Experts Choice Australia’s Best Banking Awards methodology report for detailed information on how we performed product comparisons and determined the final winners for 2022.

Did you compare all providers in the market for these awards?

We aim to include most banking providers in the market in the Mozo Experts Choice Awards. However, not all banks and credit unions in the market will be included in our review. Any provider we review must be available at the time of our analysis and any offers included must be available to the general public on the provider’s website.

For the 2022 Australia’s Best Banking Awards, Mozo assessed 90 Authorised Deposit-taking Institutions (ADIs) and 3,141 product rankings across 43 award categories were gathered during this process.

Who are the Mozo Experts?

The Mozo Experts Choice Awards are overseen by AJ Duncanson and Peter Marshall. AJ is Mozo’s Data Director, a data scientist and actuary who has worked in financial services and product comparison for over 30 years. Peter has been in the industry even longer, and as Research Manager he leads the team of analysts that gather information and compare products every day, and perform all the calculations behind the Mozo Experts Choice Awards.

I work for a winning provider, how do we promote our win?

Please get in touch with us to discuss by email should you have any queries.