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.
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.
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.
Business Zero Transaction Account
One Account for Business
Business Transaction Account - $0 Monthly Account Fee option
Boss Access Account
$0 Business Everyday Account
Business Premium Account
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.
Business Saver Account
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.
Business Online Savings Account
Business Online Saver
Business Online 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.
Business Performance Saver Account
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.
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.
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.
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.
Please get in touch with us to discuss by emailing or phoning our account management team on 02 9037 4368.