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Mozo experts choice awards 2023 term deposits

Term Deposits Mozo Experts Choice Awards 2023

Congratulations to the 2023 winners of Mozo Experts Choice Awards for Term Deposits.

See the winners

Stats crunched by Mozo Experts

  • 83
    Term Deposits
  • 82
    Australian Financial Institutions
  • 1
    Award Category
View methodology report

Term deposits are a great savings option to put away cash funds for a fixed period of time with a guaranteed rate of return. But with so many term deposits around, finding the best one to meet your needs can be a challenge. But this is where we step in.

The Mozo Experts have compared term deposits from more than 80 banking providers and awarded those that were a cut above the rest to make your search as simple as possible.

2023 Winner List

Standout Winners

Mozo experts choice awards 2023 term deposits

Term Deposit

83 term deposit accounts were considered in this year’s award, and only providers that consistently offered some of the best interest rates across short, medium, and long term investment options took out Mozo Experts Choice Awards. The analysis for this award was based on an investment amount of $25,000.

Congratulations to:

AMP Bank, Australian Military Bank, firstmac, G&C Mutual Bank, Goldfields Money, Judo Bank, ME, Qudos Bank, and Rabobank

Compare more term deposits

What are the Mozo Experts Choice Awards?

Now in their tenth year, the Mozo Experts Choice Awards present an opportunity to highlight products in the market we believe offer great value to Australians.

For the 2023 Term Deposit awards, we analysed 83 term deposits issued by Australian financial institutions.

“With stock market volatility and economic uncertainty, more people are looking at term deposits as a way of getting a guaranteed rate of return,” Mozo Experts Choice Awards Judge Peter Marshall said.

“To help everyday Australians find the best product for them, we’ve developed a method for identifying the term deposit accounts that are most likely to have better rates. Our award winners are a great place to begin your search whether you’re locking away your cash for 6 months or 6 years. “

For details on how we crunched the numbers and determined our winners, see the 2023 Mozo Experts Choice Term Deposits Awards methodology report.

Our Expert Judges

We couldn’t have a name like the Mozo Experts Choice Awards without a dedicated and experienced team of product data analysts at the helm. Combined they have decades of experience behind them. Meet them below.

  • Judge ajduncan

    AJ Duncanson

  • Judge peter

    Peter Marshall

  • Judge meredith

    Meredith Allan

  • Judge george

    George Hirst

  • Judge rumpa

    Rumpa Saha

  • Judge afia

    Afia Asha


How do I choose the best term deposit account for me?

The best term deposit for your savings depends on how much money you have to lock away, and the length of term you’re willing to commit to. Check out our winners list to set you on the right foot in choosing the term deposit that might be right for you.

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 consumers. See our Mozo Experts Choice Term Deposit Awards methodology report for more detailed information on how we performed product comparisons and determined the final Term Deposit Award winners for 2022.

Did you compare all term deposits in the market for these awards?

For the Mozo Experts Choice Awards, we aim to include most term deposit providers in the market. 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 are overseen by AJ Duncanson and Peter Marshall. AJ is Mozo’s Data Director, a data scientist and actuary who has worked in financial services and product comparison for over 30 years. Peter has been in the industry even longer, and as Research Manager he leads the team of analysts that gather information and compare products every day, and perform all the calculations behind the Mozo Experts Choice Awards.

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

Please get in touch with us to discuss by email should you have any queries.