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.
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.
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.
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.
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.