Stats crunched by Mozo Experts
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264Personal Savings Accounts
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84Banks
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8Award Categories
With last year’s rise in interest rates, growing your savings and earning interest on them has been the much needed rainbow in a gloomy economy. But with so many savings accounts out there, choosing the best one for your circumstance can be a difficult choice. But this is where we can help.
The Mozo Experts have done the nitty gritty analysis on a long list of savings accounts and awarded those that were standouts to make your search as simple as possible.
Standout Winners
Australia's Best Everyday & Savings Bank
Macquarie took out wins in a string of our awards categories for personal customers. The competitive unconditional rates delivered wins in No Strings Savings and Kick Start Savings. The linked transaction account won for Everyday Bank Account with its interest earning feature as well as taking a win in the Travel Debit Card category.
The judges considered the simplicity of the deposit products without the strict bonus conditions that have become common for high interest savings accounts, and found that Macquarie’s strong savings rates are enough to set them apart from the other contenders.
Congratulations to:
Macquarie
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Transaction Account
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Savings Account
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Cash Management Account
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Cash Management Accelerator Account
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Term Deposit
Highly Commended Everyday & Savings Bank
This award category recognises the institutions who took out award wins across several categories, making them worthy of recommendation.
Congratulations to:
AMP Bank, Great Southern Bank, and ING
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Orange Everyday
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Savings Maximiser
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Savings Accelerator
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Everyday Edge Account
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Goal Saver
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Everyday Account
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AMP Saver Account
High Interest Savings
If you’re looking for a great return on your savings, then the winners of this award is where you want to be starting your search. This category identified the best ongoing savings rates, either an unconditional base rate or an interest rate where qualifying criteria must be met each month.
Congratulations to:
AMP Bank, Great Southern Bank, ING , ME, MOVE Bank, Rabobank, RACQ Bank, ubank, and Virgin Money
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Savings Maximiser
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AMP Saver Account
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Home Saver
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HomeME Savings Account
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Growth Saver
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PremiumSaver
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Bonus Saver
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High Interest Save Account
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Boost Saver with Go Account - Lock Saver Feature
Kick Start Savings
For savers looking to take advantage of market-leading introductory rates to get their savings off on a good start. We calculated the total returns for the first 12 months to determine the winners of this category.
Congratulations to:
Macquarie and Rabobank
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Savings Account
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High Interest Savings Account
No Strings Savings
This award identifies the savings accounts with the best ongoing rates for savers who don’t want to be tied down or meet any special conditions.
Congratulations to:
Australian Unity, Bank of Queensland, G&C Mutual Bank, Goldfields Money, Macquarie, and Unity Bank
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Simple Saver Account
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Cash Management Accelerator Account
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Savings Account
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MoneyMAX Account
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MoneyMAX Account
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Cash Management Account
Young Adult High Interest Savings
In this category, our judges awarded savings accounts specifically for people in their 20’s which have the leading rates whether or not there are requirements that must be met each month to get the top rate.
Congratulations to:
Bank of Queensland, Great Southern Bank, IMB Bank, and Police Bank
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Future Saver Account - 14 to 35 years
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Goal Saver
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Reward Saver Kick Start Account
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U30 Super Charge Account
Teen High Interest Savings
This category was awarded to savings accounts specially for teenagers exclusive with the leading rates whether unconditional base rates or ongoing conditional bonus rates.
Congratulations to:
Australian Mutual Bank, Bank of Queensland, First Option Bank, Great Southern Bank, and IMB Bank
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Kids Bonus Saver
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Young Saver Account
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Future Saver Account - 14 to 35 years
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Youth eSaver
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Reward Saver Kick Start Account
Kids High Interest Savings
For the young ones, this was awarded to savings accounts that are designed for children which offer the leading rates in our judge’s assessment.
Congratulations to:
Australian Mutual Bank, Bank Australia, First Option Bank, and Great Southern Bank
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Kids Bonus Saver
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Young Saver Account
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mySaver
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Youth eSaver
What are the Mozo Experts Choice Awards?
Now in their twelfth year, the Mozo Experts Choice Awards present an opportunity to highlight products in the market we believe offer great value to Australians.
For the 2025 Savings Accounts awards, we analysed 289 personal products issued by 79 providers.
“Higher interest rates mean more interest earned on your savings, so it pays to find a great savings account to help you achieve a better return," Mozo Experts Choice Awards Judge Peter Marshall said.
“No matter what age you are, or what your savings needs are, the winners list of Savings Accounts are a great place to begin your savings journey.”
For details on how we crunched the numbers and determined our winners, see the 2025 Mozo Experts Choice Savings Accounts Awards methodology report.
FAQs
How do I choose the best savings account for me?
When you’re looking for a savings account, you’ll want to think carefully about your savings habits and what your final savings goal is. By comparing the features in our winners list, you can see which provider could better suit your savings needs when making your decision in finding the one that’s best for you.
What’s the Judging Criteria for the awards?
Running since 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. See our Mozo Experts Choice Savings Accounts Awards methodology report for more detailed information on how we performed product comparisons and determined the final Savings Accounts Award winners for 2025.
Did you compare all savings accounts in the market for these awards?
For the Mozo Experts Choice Awards, we aim to include most savings account providers in the market. However, not every financial institution or 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.
Who are the Mozo Experts?
The Mozo Experts Choice Awards are overseen by AJ Duncanson and Peter Marshall. AJ is Mozo’s Data Director, a data scientist and actuary who has worked in financial services and product comparison for over 30 years. Peter has been in the industry even longer, and as Mozo's Financial Services Specialist he contributes to the team of analysts that gather information and compare products every day, and oversees the calculations and data quality used for producing the Mozo Experts Choice Awards.