Small Business Account Awards 2019

Congratulations to the 2019 winners of Mozo Experts Choice Awards for Small Business banking accounts. If you’re looking for the perfect everyday account, savings account or term deposit for your small business look no further than the winners listed below.

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 Small Business Account awards, Mozo’s money experts compared 65 bank accounts, 42 savings accounts and 30 term deposits from more than financial institutions in Australia to determine the best value accounts.

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

Small Business Savings Bank of The Year

AMP
AMP

AMP Bank scooped wins in all four of the business deposit account categories that we assessed this year, dominating the field and cementing its place as the overall winner. Our experts felt AMP Bank provided a range of deposit products that were helpful to Australians looking for the best of the best for their small business.

Small Business Exceptional Everyday Account

Helping Australian businesses with their everyday banking, the Small Business Exceptional Everyday Account award winners offered unlimited free electronic transactions and charged no fee for holding the account.

AMP logo
AMP Bank

Access Account

Bankwest logo
Bankwest

Business Zero Transaction Account

BOQ Specialist logo
BOQ Specialist

One Account for Business

Goldfields Money logo
Goldfields Money

Boss Access Account

Heritage Bank logo
Heritage Bank

Business Cheque Account

Small Business Kick Start Savings

Our experts identified 5 small business savings accounts offering an introductory interest rate, and the ING Business Optimiser was the pick of the bunch, taking into consideration the introductory and ongoing rates over the first year.

ING logo
ING

Business Optimiser

Small Business No Strings Savings

This category recognises the small business savings accounts offering the best ongoing interest rates, perfect for small business owners who don’t want to jump through hoops in order to grow their stash. After analysing offers from 43 different institutions, our experts awarded only the top 5.

AMP logo
AMP Bank

Business Saver Account

Beyond Bank logo
Beyond Bank

Business monEsaver

ME logo
ME

Business Online Savings Account

People's Choice Credit Union logo
People's Choice Credit Union

Business Online Account

MyState Bank logo
MyState Bank

Business Online Saver

Small Business Term Deposit

This award goes to top term deposit products from providers who consistently outranked their competitors to offer leading rates to small business, across a range of different terms.

AMP logo
AMP Bank

Term Deposit

ING logo
ING

Business Term Deposit

ME logo
ME

Business Term Deposit

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.