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Bank Account & Savings Awards 2020

Congratulations to the 2020 winners of Mozo Experts Choice Awards for Bank Accounts and Savings. We’ve compared hundreds of bank and savings accounts for this year’s awards, so if you’re after the perfect everyday account for all your spending needs or a killer savings account to start your savings journey, you can start your search right here.

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 and savings account awards, we analysed:

  • 510 personal accounts from 80 providers
  • 159 small business accounts from 50 providers
  • 97 SMSF accounts from 43 providers

“With a myriad of everyday bank accounts and lots of savings accounts for almost every financial provider around, your options seem almost endless when trying to find the one that’s right for you.” said Peter Marshall, Mozo Experts Choice Awards judge.  

“Whether it’s accessing your money when you want and where you want it, having an account with unlimited withdrawals or finding a savings account with great interest, our winners can help set you down the right track.”

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

Everyday & Savings Bank of the Year
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Up was the only financial institution to take out wins in the Exceptional Everyday Account, Regular Saver and Excellent Banking App award categories, signalling to the judges that it’s suite offered a leading solution to everyday banking and savings needs. While its services remain app-only and does not yet offer term deposits, we felt this new breed of bank deserved special recognition.

Small Business & SMSF Bank of the Year
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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.

 

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Bank Accounts

We’ve compared hundreds of accounts for this year’s Bank Account awards, so if you’re after the perfect everyday account for all your spending needs, check out the winners.

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Saving Accounts

We have a big list of savings accounts for this year’s Savings awards, so if you’re after the ideal account to begin your savings journey, start your search right here.

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Term Deposits

We’ve compared a myriad of term deposits for this year’s awards, so if you want to lock your stashed cash away, whether for the long haul or a short stint, compare the winners here.

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Banking Apps & Technology

If you need innovation, sophistication and functionality when it comes to banking online, start your search below with the winners of our Banking Apps and Technology awards.

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Small Business Banking

If you’re looking for the perfect everyday account, savings account or term deposit for your small business, then look no further than the winners we’ve crowned below.

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SMSF 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.