Savings Account Awards 2019

Congratulations to the 2019 winners of Mozo Experts Choice Awards for Savings Accounts. We’ve compared 161 personal savings accounts for this year’s awards so if you want to grow your rainy day fund, start your search right here.

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 savings account awards, Mozo’s money experts compared savings accounts from 68 financial institutions, organised in to a number of categories to help savers identify which best fits their needs and savings habits.

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

Savings Bank of The Year

UBank
UBank

UBank has taken out Savings Bank of the Year for the second time running in 2019. It was the most successful institution in the awards this year across the full range of personal deposit accounts, including regular savings products, term deposits and everyday transaction accounts. With consistent wins under its belt and a proven track record, UBank offers great value to all different kinds of savers.

Regular Saver

Winners in the Regular Saver category pay bonus interest when savers meet certain criteria, like a monthly deposit amount or withdrawal conditions. These accounts allow savers to earn high interest on at-call funds, as long as they know they can stick to the conditions. Only accounts paying top-tier interest walk away with awards.

UBank logo
UBank

USaver with Ultra Transaction Account

ME logo
ME

Online Savings Account

ING logo
ING

Savings Maximiser

RAMS logo
RAMS

Saver Account

Australian Unity logo
Australian Unity

Active Saver

CUA logo
CUA

eSaver Boost

Endeavour Mutual Bank logo
Endeavour Mutual Bank

Lifestyle Account (18 to 35 year olds)

Up Bank logo
Up Bank

Saver Account

Compare more savings accounts

Kick Start Savings

A bumper introductory rate is the perfect way a savings account can help to kick start a healthy savings balance. Winners in this category offered up the best combination of rates within the first year, helping savers start off on the right foot.

AMP logo
AMP Bank

Saver Account

Citi logo
Citi

Online Saver

RaboDirect logo
RaboDirect

High Interest Savings Account

Compare more high interest savings accounts

No Strings Savings

Our experts compared a massive 168 savings accounts from 70 providers in our database to identify savings accounts with the best unconditional interest rate, unlimited free internet transactions and no monthly service fee. No strings attached, just great value.

AMP logo
AMP Bank

Saver Account

Auswide Bank logo
Auswide Bank

Online Saver

Bank First logo
Bank First

Online Saver

Bank of Sydney logo
Bank of Sydney

SuperRate Account

Coastline Credit Union logo
Coastline Credit Union

eXtreme Saver

Easy Street logo
Easy Street

Easy Savings Account

MOVE Bank logo
MOVE Bank

Express Saver

Police Bank logo
Police Bank

Online SuperSaver

RaboDirect logo
RaboDirect

High Interest Savings Account

UBank logo
UBank

USaver

Student Savings Account

Truly one of a kind, the Greater Bank Life Saver account came out on top when our experts analysed savings rates available for students and under 25s. Plus, you can continue to use the account even after you pass the age threshold, adding even more value to this winner.

Greater Bank logo
Greater Bank

Life Saver

Best New Savings Account

This account from Bank of Queensland really stood out for its generous interest rate. This was far and away the best rate our experts could find for students up to the age of 24. We applaud a bank helping to boost the savings of young people at a time of life when they really need to be making the most of every dollar.

Bank of Queensland logo
Bank of Queensland

Fast Track Starter Account (14 to 24 years)

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.