Bank Account Awards 2021

Congratulations to the 2021 winners of Mozo Experts Choice Awards for Bank Accounts. This year we compared hundreds of Australian bank accounts, so if you’re in the market for the perfect everyday account for all your spending needs, begin your search right here.

Mozo Experts Choice Badge 2021

What are the Mozo Experts Choice Awards?

Now in their eighth year, the Mozo Experts Choice Awards are a place where we highlight the products out in the market that we believe offer great value to Australians.

For the 2021 bank account awards, we analysed 144 personal transaction products issued by 81 Australian financial institutions.

“With so many everyday bank accounts out there, it can be difficult trawling through the options to find a bank account that best fits your personal needs.” said Peter Marshall, Mozo Experts Choice Awards judge. 

“With so many factors to consider like account-keeping fees, fee-free withdrawals and easy access to your funds, this year’s winners list could help you discover one that works best for you.”

For details on how we crunched the numbers and determined our winners see our 2021 Mozo Experts Choice Awards Bank Accounts & Savings methodology report.


Everyday & Savings Bank of the Year



Macquarie was the clear winner this year of the coveted Everyday and Savings Bank of the Year crown. Taking out award wins in the Exceptional Everyday Account, Kick Start Savings, No Strings Savings, Excellent Banking App and Internet Banking categories, Macquarie  has proved itself to be an excellent banking choice for Australia’s savers.


Exceptional Everyday Account

This award commends the everyday transaction and bank accounts that not only offer largely fee-free banking, but provide extra value such as fee free banking for overseas transactions or rewards points. A massive 144 accounts from 81 providers were considered for this category. Congratulations to our 2021 winners.

86 400 logo

86 400

Spend Account

Australian Military Bank logo

Australian Military Bank

Military Rewards Account

BOQ Specialist logo

BOQ Specialist

Everyday Plus Account

Bankwest logo


Qantas Transaction Account

Citi logo


Global Currency Account

Citi logo


Plus Transaction Account

Great Southern Bank logo

Great Southern Bank

Everyday Edge Account

HSBC logo


Everyday Global Account

ING logo


Orange Everyday

Macquarie logo


Transaction Account

Macquarie logo


Platinum Transaction Account

Suncorp logo


Everyday Options

UBank logo


USpend Transaction Account

Up logo


Everyday Account

Student Bank Account

Of the 47 transaction accounts from 37 financial institutions that are designed specifically for students aged up to 24 years old, our Experts determined these accounts to offer the best value, especially when comparing things like international transaction fees which for students can be significant if they shop at online stores from around the world.

ING logo


Orange Everyday Youth

Suncorp logo


Everyday Options Student


Pensioner Account

After identifying all pensioner accounts that offer fee-free day-to-day banking, our Experts used rates below and above the deeming threshold to choose these leading pensioner accounts. 59 accounts from our database were considered in this award, and the standout accounts are...

Bank First logo

Bank First

Pension Account

Goldfields Money logo

Goldfields Money


Heritage Bank logo

Heritage Bank

Pension Plus

P&N Bank logo

P&N Bank

& Retirement Account

The Mutual Bank logo

The Mutual Bank

Retirement Account


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 bank accounts in the market for these awards?

We aim to include most bank account & savings 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 bank account for me?

There’s a reason why there are so many different categories of Mozo Experts Choice Awards in Bank Accounts & Savings. When you’re searching for a bank account, you’ll want to think carefully about how you’ll use the account, how much you’ll be depositing and where you need to spend your money. By comparing the features in our winners list, you can see which bank could better suit your personal banking needs when making your decision in finding the one that best suits you.

Who are 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 combined 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.