Best SMSF Savings Accounts 2018

Congratulations to the SMSF savings accounts that have been awarded Experts Chioce Awards for 2018. If you are after a high interest earning at call account for your Self Managed Super Fund, our experts top picks are listed below.

Experts choice awards hero 2018

What are the Mozo Experts Choice Awards?

Now in their fifth year, the Mozo Experts Choice Awards provide a platform to highlight products in the marketplace we believe offer great value to Australians.

For the 2018 SMSF savings account awards, 37 savings accounts from 31 financial institutions were compared by our money experts.

For details on how we crunched the numbers and determined the award winners see our methodology report.

SMSF Savings Bank of the Year: RaboDirect

RaboDirect

With the best performing product range across savings, term deposit and bank account categories, RaboBank took out the SMSF Savings Bank of the Year title by Mozo’s money experts for 2018. This is the second year running, RaboBank have claimed the SMSF category’s top award.

Regular Saver

Here’s the business savings accounts with ongoing bonus rates available for SMSF’s that impressed the Mozo money experts in 2018. Ongoing bonus rate savings accounts offer high interest with some conditions attached.

CUA
CUA

eSaver Boost

0.25% p.a.(for $0 and over)

2.75% p.a. (for $0 to $500,000)

Minimum deposit of $250 and no withdrawals in the month

Australian Military Bank
Australian Military Bank

DIY Super Saver Account

2.20% p.a.(for $0 and over)

No Current Offer

n/a

Qudos Bank
Qudos Bank

DIY Super Saver

1.75% p.a.(for $0 and over)

1.75% p.a. (for $0 to $10,000)

No withdrawals in the month

Westpac
Westpac

DIY Super

Major Bank Award

1.00% p.a.(for $0 and over)

No Current Offer

n/a

No String Savings

No strings SMSF savings accounts have no monthly service fee, unlimited free internet transactions, no notice period for withdrawals and can be linked to accounts at any institution. Check out the 2018 winners below:

AMP
AMP

SuperEdge Saver Account

2.05% p.a.(for $0 and over)

No Current Offer

n/a

Australian Military Bank
Australian Military Bank

DIY Super Saver Account

2.20% p.a.(for $0 and over)

No Current Offer

n/a

BankVic
BankVic

SMSF Saver

2.35% p.a.(for $0 to $5,000,000)

No Current Offer

n/a

Heritage Bank
Heritage Bank

Secure Super Account

2.00% p.a.(for $0 and over)

No Current Offer

n/a

Westpac
Westpac

DIY Super

Major Bank Award

1.00% p.a.(for $0 and over)

No Current Offer

n/a

SMSF Kick Start Savings

Awarded to the best SMSF savings account with the best combination of rates for the first year.

RaboDirect
RaboDirect

DIY Super High Interest Savings Account

1.90% p.a.(for $0 to $250,000)

2.70% p.a. (for $0 to $250,001)

Introductory bonus rate for 4 months from account opening

Judging Criteria

Every day Mozo keeps track of thousands of products in banking, energy and insurance.

The Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers and in some awards categories, business customers. Providers don’t pay to be in the running and we don’t play favourites. Our Judges base their decision on hard-nosed calculations of value, using Mozo’s extensive product database and research capacity.

Experts Choice Awards are awarded to the top 10% of products that meet the selection criteria in each awards category.

FAQs

How many accounts were compared and what criteria did you use to judge the SMSF savings account awards?

We compared 37 SMSF savings accounts from 31 financial providers for the 2018 Experts Choice Awards. Review the full awards methodology for more information on the criteria.

What makes a good SMSF savings account?

Like any good savings account having a competitive interest rate should be top of mind, especially with retirement on your mind.

Another key factor for any savings account is zero account fees. Noone wants their savings balance being reduced by unnecessary account fees and charges.

One of the major benefits of adding cash to your SMSF investment portfolio is the accessibility and flexibility it gives you. Look for a Self Managed Super Fund savings account that gives you access to online, mobile and phone banking, as well as the option to link an account from another provider.

Can anyone open a SMSF savings account?

Anyone with a Self Managed Super Fund can open a SMSF savings account. You’ll need to provide a certified copy of your SMSF Trust Deed, the tax file number (TFN) of your SMSF, the Australian Business Number (ABN) of your Self Managed Super Fund and 100 points of ID and signature of any trustees.

Who are Mozo’s product experts?

Mozo has been researching and comparing financial products since 2008, and thousands of Australians use our comparison services each month. Our research team is headed by our Data Services Director and our Product Data Manager who have over 50 years of financial services experience and 23 years in online financial comparison.

Where can I find more information about the criteria for the Experts Choice SMSF savings account awards?

Our awards methodology report is available for you to read, which includes information on the criteria for each award category in the Deposits award.

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

Please get in touch with us to discuss by emailing or phoning our advertising sales team on 02 9037 4368.