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.
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.
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...