Savings Account Awards 2021

A big congrats to the 2021 winners of Mozo Experts Choice Awards for Savings Accounts. We’ve compared hundreds of savings accounts for this year’s awards, so if you’re after an ideal account to meet your savings goals, start your search right here.

Mozo Experts Choice Badge 2021

What are the Mozo Experts Choice Awards?

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

For the 2021 savings account awards, we analysed 248 personal savings products issued by 76 Australian financial institutions.

“With the RBA cash rate cuts of 2020 affecting how much interest you can earn, it is more important than ever to shop around as a small difference in interest rate can make a big difference to your account balance,” said Peter Marshall, Mozo Experts Choice Awards judge.  

“So, if you’re ready to begin the search for a great value savings account, our winners list makes for a great place to start your savings journey.”

For details on how we crunched the numbers and determined the winners see our 2021 Mozo Experts Choice Awards Bank Accounts & Savings methodology report.


Everyday & Savings Bank of the Year


Macquarie Logo


Congratulations Macquarie, this year’s crowning champion. With wins in most of the major awards categories for 2021 - Exceptional Everyday Account, Kick Start Savings, No Strings Savings, Excellent Banking App and Internet Banking award - Macquarie has demonstrated that it lives up to its promise of better everyday banking.


Regular Saver

Our Regular Saver award identified the accounts with the best ongoing savings rates. For  this award our Experts compared 185 products from 79 banks and credit unions and according to our analysis these ranked as delivering the best value.

86 400 logo

86 400

Save Account

Australian Unity logo

Australian Unity

Active Saver

ING logo


Savings Maximiser

ME logo


Online Savings Account

MyState Bank logo

MyState Bank

Bonus Saver Account

UBank logo


USave with USpend Transaction Account

Up logo


Saver Account

Kick Start Savings

For savers looking to make the most of market-leading introductory rates, our Experts compared 21 savings accounts from 20 providers to determine the winners of this award. Congratulations goes to...

Heritage Bank logo

Heritage Bank

Online Saver

Macquarie logo


Savings Account

No Strings Savings

For savers who don’t want to meet any special conditions in order to get a good savings return, we compared the ongoing savings accounts rates of providers head to head. The winners for this award are...

AMP Bank logo

AMP Bank

AMP Saver Account

Australian Unity logo

Australian Unity

Freedom Saver

Auswide Bank logo

Auswide Bank

Online Saver

Heritage Bank logo

Heritage Bank

Online Saver

Macquarie logo


Savings Account

MOVE Bank logo


Online Saver

MyLife MyFinance logo

MyLife MyFinance

MySavings Account

Qudos Bank logo

Qudos Bank


Volt Bank logo

Volt Bank

Savings Account

Young Adult Savings

For young adults up to the age of 30 who are getting started in the workforce and looking to save for a major purchase, we compared the savings accounts designed for you to get ahead. Congrats to this year’s award winner.

Westpac logo


Life (18-29 years old)


Pensioner Savings

This awards category identified the best ongoing savings rates specifically for pensioners.

Firefighters Mutual Bank logo

Firefighters Mutual Bank

Pension Advantage

Health Professionals Bank logo

Health Professionals Bank

Pension Advantage Account

Teachers Mutual Bank logo

Teachers Mutual Bank

Pension Advantage Account

UniBank logo


Pension Advantage


Pocket Money Saver

It’s never too early to learn how to save for the important things in life. The Pocket Money Saver award recognises children’s savings accounts that offer a good rate of return without any conditions. Congrats to our 2021 award winners:

bcu logo


Scoots Super Saver

Gateway Bank logo

Gateway Bank

Dollaroo Savings

The Capricornian logo

The Capricornian

Youth Access Account


Pocket Money Regular Saver

It pays to start young when learning to save for the future. This award is given to the best kids savings accounts that offer an ongoing bonus when saving goals are met.

Australian Unity logo

Australian Unity

Kids Saver Account

Auswide Bank logo

Auswide Bank

Ziggy Kids Saver

Police Bank logo

Police Bank

Dynamo Kids Savings Account


Frequently Asked Questions

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 Australian consumers.

See our methodology report for more detailed information on how we performed product comparisons and determined the final winners for the Bank Accounts & Savings awards.

Did you compare all savings accounts in the market for these awards?

We aim to include most savings account providers in the market in the Mozo Experts Choice Awards. 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.

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 goal is. By comparing the features in our winners list, you can see which provider could better suit your savings account needs when making your decision in finding the one that’s best for you.

Who are Mozo's Experts?

The Mozo Experts Choice Awards analysis is overseen by AJ Duncanson, Mozo’s Data Services Director. AJ is a data scientist and actuary, and has worked in financial services and product comparison for almost three decades. Together with our Product Data Manager, Peter Marshall, the team has over 50 years of combined financial services experience.

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

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