Kids Savings Account Awards 2019

Congratulations to the 2019 winners of Mozo Experts Choice Awards for Kids Savings Accounts. These winners are a great place to start if you’re searching for a place to make your kids or grandkids pocket money grow.

Experts choice awards hero 2019

What are the Mozo Experts Choice Awards?

Now in their sixth year, the Mozo Experts Choice Awards are here to showcase the deposit products that our experts have determined to offer the best value to Australians.

For the 2019 kids savings accounts awards, Mozo’s money experts compared 47 kids savings accounts from 38 financial institutions based on data contained in Mozo’s product database.

Keeping kids motivated to save is an important part of their financial education, so along with a range of other features, we looked at accounts designed to make saving easy and fun for kids.

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

Pocket Money Regular Saver

There were 30 kids savings accounts in the Mozo database offering an ongoing bonus rate and our experts whittled them down to just the top 3 by looking at the generosity of the interest rates on offer.

bcu logo
bcu

Scoots Super Saver

Credit Union SA logo
Credit Union SA

Children's Savings Account

Greater Bank logo
Greater Bank

Life Saver

Newcastle Permanent logo
Newcastle Permanent

Smart Saver Account (under 25)

Police Bank logo
Police Bank

Dynamo Kids Savings Account

Compare more kids savings accounts

Pocket Money Saver

Our experts assessed 47 children’s savings accounts for this year’s Experts Choice Awards. The winners were the accounts with the best unconditional interest rate for kids 8 years and over, provided they also had no monthly service fee, unlimited free internet transactions, no notice period for withdrawals, no automatic sweep function and were able to link to accounts at any institution.

Bank of Sydney logo
Bank of Sydney

Student Savings Account

Beyond Bank logo
Beyond Bank

Junior Saver Account

CUA logo
CUA

Youth eSaver

Endeavour Mutual Bank logo
Endeavour Mutual Bank

Young Saver

The Mutual Bank logo
Maitland Mutual Building Society

Mighty Mutual

FAQs:

What was the judging criteria for these awards?

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

Our award methodology report is available for you to read which includes criteria for each award category and lists all providers considered for awards.

How many products were reviewed by Mozo’s experts for the Awards?

For the 2019 deposits awards, Mozo compared 455 personal banking products, including 161 savings accounts, 107 bank accounts and 62 term deposits, plus 137 business banking products and 88 SMSF products.

To better help Australians narrow down their choice there are several Mozo Experts Choice Awards Categories. Our full methodology report lists out the criteria for each awards category and provides a list of all providers compared for awards consideration.

Who are Mozo’s 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 22 years in online financial comparison.

I work for a financial provider, how can I promote our win?

Congratulations! Please get in touch with us to discuss the many ways you can promote your Mozo Experts Choice win by emailing or phoning our advertising sales team on 02 9037 4368.