Small Business Banking Awards 2021

A big congrats to the 2021 winners of Mozo Experts Choice Awards for Small Business Banking. If you’re on the lookout for a great everyday account, savings account or term deposit for your small business, then look no further than the winners we’ve crowned in this year’s awards.

Mozo Experts Choice Awards 2021 Badge

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 small business banking awards, we analysed 141 small business banking and savings products issued by 51 Australian financial institutions.

“If you’re a small business owner you want your money going towards building and growing your business not paying large bank fees and charges,” said Peter Marshall, Mozo Experts Choice Awards judge.  

“These awards are designed to help small businesses find the best value banking products. We’ve done the analysis so you don’t have to.”

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

 

Small Business Bank of the Year

AMP Bank Logo

 

For the third year in a row, AMP Bank has been named the Small Business Savings Bank of the Year and deservingly so. This year, they were the only provider to take out more than one award across the Small Business award categories. Their dedication to helping businesses make the most of their money has secured them this crown yet again.

 

Small Business Exceptional Everyday Account

For this award we compared business transaction accounts and awarded those that offered no monthly fees and unlimited free electronic transactions. Congratulations to our 2021 award winners.

AMP Bank logo

AMP Bank

Access Account

Bankwest logo

Bankwest

Business Zero Transaction Account

BOQ Specialist logo

BOQ Specialist

One Account for Business

Commonwealth Bank logo

Commonwealth Bank

Business Transaction Account - $0 Monthly Account Fee option

Goldfields Money logo

Goldfields Money

Boss Access Account

NAB logo

NAB

$0 Business Everyday Account

Suncorp logo

Suncorp

Business Premium Account

Small Business Kick Start Savings

This award recognises the best savings accounts for Australian small businesses looking to take advantage of market leading introductory rates. Calculated on the total returns for the first 12 months of account ownership here are the 2021 award winners.

AMP Bank logo

AMP Bank

Business Saver Account

Small Business No Strings Savings

The No Strings Savings award acknowledges leading small business savings accounts where no conditions are required to receive the highest rate, and where introductory offers are also excluded.

bcu logo

bcu

Business iSaver

Beyond Bank logo

Beyond Bank

Business monEsaver

ME logo

ME

Business Online Savings Account

MyState Bank logo

MyState Bank

Business Online Saver

Queensland Country Bank logo

Queensland Country Bank

Business Online Saver

Small Business Regular Saver

This category compared savings accounts for small businesses where certain qualifying criteria must be met to get the best rates. Congratulations goes to our 2021 award winner.

Bank of Queensland logo

Bank of Queensland

Business Performance Saver Account

Small Business Term Deposit

Our Term Deposit awards category identifies the financial institutions that consistently offer small business customers competitive interest rates across short, medium, and long term investment options.

abal banking logo

abal banking

Term Deposit

Bank of us logo

Bank of us

Term Deposit

Gateway Bank logo

Gateway Bank

Term Deposit

Heritage Bank logo

Heritage Bank

Term Deposit

Frequently Asked Questions

What’s the Judging Criteria for the awards?

Around since 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to 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 small business accounts in the market for these awards?

We aim to include most small business bank account & savings 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.

Who are the Mozo 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.