Have you become a money zombie?

Male Zombie with a wad of Australian Dollars

No matter where you live or what your age is, there is no escaping the rising cost of living.  It’s everywhere from your essential spends on things like rent and mortgage payments, utility bills, petrol and groceries through to small luxuries like the daily coffee and take-out dinners. 

And if you have found yourself increasingly disengaging from your banking app notifications each time you tap n’ go, or it’s been weeks since you’ve worked up the courage to check your credit card or energy bill, you could be becoming a money zombie.

In a recent Mozo survey ^, 62% of those surveyed said they are feeling out of control with their expenses and yet many admitted that rather than being proactive with their finances, they are just trying to ignore it.

Rachel Wastell, Mozo’s money expert says there is no use ignoring what could turn into a personal finance apocalypse. 

“There’s so many different ways that people can reign in their expenses to give themselves a little more breathing room, but walking around like a zombie is definitely not one of them. 

“The easiest way to cut costs? Don’t pay the loyalty tax. There’s some solid market competition at the moment, which means you can save hundreds of dollars a year by shopping around. If you’re smart, and face your finances head on, you can end up saving enough in one area to cover rising costs in another.”

What you could save by switching to a better deal (potential annual savings)*

Personal finance apocalypse survival tips

  • Find your tribe: Could you team up with others to help you cut back on some of your costs or find new ways to save. Groceries are usually cheaper in bulk!  
  • Be informed: know the rates of your mortgage, your credit card, your savings account so that if you do see a better deal you can switch fast or negotiate a better deal with your current provider.  
  • Stop mindless tapping: Be sure to shop with purpose to avoid overspending and use an app to track your spending and monitor your savings goals. See our list of award-winning apps.   
  • Don’t stand still: Financial topics and management might seem daunting but they don’t need to be, so up your financial know-how . There are a lot of free educational resources online (including our own site) dedicated to helping you make your money count for more.  The ASX has a range of free courses that can help you learn about investing, the national debt helpline has free step-by-step guides and the Govt Moneysmart website is also a great resource.

How much could you save by switching home loans?

We can show you the monthly repayment amount for a range of loans.

home with heart

Could you save on your energy bill?

Check for available plans in your postcode.

Boost your savings balance with a high interest account - last updated 16 April 2024

Search promoted savings accounts below or do a full Mozo database search. Advertiser disclosure
  • Mozo Expert Choice Badge
    High Interest Savings Account

    5.75% p.a. (for $0 to $250,001)

    4.40% p.a.(for $0 to $250,001)

    Yes up to $250,000

    Bonus rate for the first 4 months from account opening

    Reward yourself with a higher rate for your good savings habits with the Rabobank High Interest Savings Account . Receive the maximum rate when you grow your balance by at least $200 each month. No Account keeping fees. No minimum balance.

  • Savings Account

    5.35% p.a. (for $0 to $250,000)

    4.75% p.a.(for $0 to $1,000,000)

    Yes up to $250,000

    Bonus variable rate is available for the first four months.

    Competitive introductory variable rate for first 4 months (on deposits up to $250,000). No account keeping fees to pay. Multiple 2023 Mozo Experts Choice Award winner.

  • High Interest Save Account

    5.10% p.a. (for $0 to $250,000)

    0.10% p.a.(for $0 and over)

    Yes up to $250,000

    Deposit at least $200 to either Spend or Save account from an external source each month.

    No monthly fees on any of your save accounts. Split your money with up to 10 Save accounts. Set savings targets and track the progress of all your Save accounts. Deposits guaranteed up to $250K per customer.

  • Mozo Expert Choice Badge
    Reward Saver

    5.25% p.a. (for $0 to $100,000)

    0.30% p.a.(for $0 and over)

    Yes up to $250,000

    Earn a high interest bonus rate if you hold an eligible transaction account and meet the bonus rate conditions (T&Cs apply). Only requires $1 to open. Free e-banking transactions. No monthly service fees to pay. Access your account via e-banking or the Bendigo Bank app. Not applicable to business customers.

  • Reward Saver Account

    5.25% p.a. (for $0 to $1,000,000)

    0% p.a.(for $0 and over)

    Yes up to $250,000

    Intro bonus rate of 5.25% for balances up to $1,000,000 for the first 4 months, reverting to 3.25%. Minimum deposit of $50 and no withdrawals.

    Introductory bonus rate for balances up to $1,000,000 for the first 4 months. Minimum deposit of $50 and no withdrawals. Start your account online in under 10 minutes and earn interest on balances up to $1,000,000 (T&Cs apply). No monthly account fees, helping you save smarter and faster.


*Based on Mozo Experts Choice Awards data comparing the best available offers against the most expensive options in each category. WARNING: The potential savings were calculated across 2022 - 2023 when conducting analysis for each award category: Energy - October 2022,  Broadband - April 2023, Mobile Plans - July 2023.  Mortgage savings is based on the average big 4 variable  home loan rate (80% LVR) and the lowest in our database for a $400K owner occupier as at 4/10/23. 

^Mozo.com.au commissioned a nationally representative consumer research survey via Researchify, surveying 2,141 Australians, aged 18 years and over, from 30th August to 11th September 2023.

^See information about the Mozo Experts Choice Savings Account Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.