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.
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.
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.
Military Rewards Account
Everyday Plus Account
Qantas Transaction Account
Global Currency Account
Plus Transaction Account
Everyday Snap Account
Everyday Global Account
Platinum Transaction Account
USpend Transaction 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.
Orange Everyday Youth
Everyday Options Student
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...
& Retirement Account
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.
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.
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.
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.
Please get in touch with us to discuss by emailing or phoning our account management team on 02 9037 4368.