Osko and PayID: The easy way to bank in Australia
Ever tried to pay a friend back for lunch or dinner, only to wait a few days for the money to actually arrive? It’s frustrating.
Bank account guides
How to change bank accounts in 4 easy steps
Are you considering switching your bank account? Whether you're looking for better rates, fewer fees, or improved services and features, changing your bank account can be a smart financial move. This guide will walk you through the process in four easy to follow steps.
What is a cash management account?
If you're an investor looking to streamline your finances, a cash management account might be the solution you need. Whether you're managing your own super fund, investing in shares, or collecting rental income from an investment property, a cash management account (SMA) can help. In short, it keeps your investment money separate from your everyday spending while still earning competitive interest rates.
Top bank accounts for pensioners and retirees
Bank accounts can differ based on their interest rates, fees, features and security. If you’re a senior looking for a bank account that better suits your needs, we’ve done some of the hard work here to help.
Managing share house rent and bills with joint bank accounts
Living in a shared or ‘share’ house can be a cost-effective way of renting, but it often comes with its fair share of challenges – particularly when managing finances.
Open banking: The data sharing revolution
Open banking is an innovative process aimed at revolutionising traditional banking systems across the world and has been implemented in Australia since 2020. The notion of consumer-centric banking has the potential to change how you handle your personal finances. It’s important to be aware of what open banking means for your future money management.
A guide to ethical banking in Australia: How to switch
There's a growing movement in Australia to combat climate change and promote ethical practices across various industries. One area gaining significant attention is the banking sector, with many Australians now considering the environmental and social impact of their financial choices. If you're contemplating a switch to ethical banking, this comprehensive guide will walk you through everything you need to know.
What happens if I transfer money to the wrong bank account?
Gone are the days when you had to pull out your wallet or write a cheque to pay back a friend or settle a bill. With internet banking and online accounts, sending money to friends, family, or businesses is a breeze.
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Online Banks: everything you need to know
By offering digital only access, providers can make banking a more convenient service. But what exactly are online banks and how do they differ from traditional banks?
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Banks, mutual banks and credit unions - what’s the difference?
When deciding who to manage your money with, there’s more than just traditional banks to choose from. So, what makes mutual banks, and credit unions different? Let’s have a closer look.
Broadband guides
Everything you need to know about Optus SubHub
If you're like most Aussies, you’ve probably got more app and streaming subscriptions than you can count on one hand. But managing multiple subs can feel like a full-time job - and can cost a tonne.
5G vs NBN: Which is the better internet option?
If you’re searching for an internet plan, you might have noticed that two of the major options available to you are NBN and 5G home internet. But which exactly is the better choice?
NBN CVC: What is it and why does it matter for customers?
NBN Co operates Australia’s national broadband network as a publicly owned government entity, selling its services to telecommunications providers around the country. These providers pay two key fees (among others) to NBN Co in order to access the network: an AVC charge and a CVC charge.
NBN address check: How to find if your home is connected
Searching for a new home broadband plan can be difficult if you aren’t sure what services your home is eligible for. With the NBN rollout completed across Australia, most homes are now eligible for plans on the network, but here’s how to find out for sure.
Can I get NBN for my granny flat? Here’s how to connect
For Aussies living in a granny flat or outbuilding, a broadband connection can be slightly more complicated to organise. If sharing the internet connection of the primary residence isn’t an option, there are still a number of ways you can get connected to the NBN network.
Business banking guides
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An Introduction to SMSF term deposits
An SMSF term deposit is designed to help the members of a self managed super fund save money. In short, the SMSF can invest a sum for a fixed period of time, be it a few months or a few years, and build on that initial investment through a fixed interest rate. Just as is the case with a regular term deposit, interest can be paid monthly, quarterly or at the end of the term.
See more business banking guides
Car insurance guides
Young drivers car insurance: how it works and what you need to know
Under 25 and gearing up for a drive? Before you zip off for beach trips or late-night snack runs, let’s get you sorted with a car insurance policy that’s got your back for everything from bumper bingles to major oopsies.
Seniors car insurance
Driving into the golden years doesn't have to mean driving up your car insurance premiums. If you're over 60 and on the hunt for a more wallet-friendly policy, we've got your back. We've sifted through the details to bring you insights into securing affordable car insurance tailored to seniors.
Is comprehensive car insurance worth it?
Is comprehensive car insurance worth it? Our answer is a firm 'yes' for the vast majority of drivers. The key is to understand how that value applies to your specific situation.
EV car insurance
Electric vehicles (EVs) are on the rise in Australia, thanks to better technology, a push for greener options and rising petrol prices leading people to explore alternatives.
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Rideshare car insurance
If you drive for Uber or Didi, or are planning to, you’ll need rideshare insurance. In many cases, this can be as simple as adding rideshare cover to your personal car insurance if they offer that option.
How much is car registration in Australia in 2025?
Car registration costs vary depending on your state or territory, and take into account factors like your vehicle's weight, what you use it for, and where you drive it.
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What is car insurance excess?
In the world of car insurance, your excess is the amount you pay out-of-pocket whenever you make an insurance claim. While it’s never fun to pay out of pocket, it’s actually designed to keep your premiums manageable. Want to learn how it does that and the role it plays in car insurance?
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Understanding your product disclosure statement for car insurance
When you want to understand your rights and responsibilities with any particular car insurance policy, the product disclosure statement (PDS) is your go-to resource.
How to haggle on your car insurance in 2025
Car insurance is a must-have product for many Aussies across the country, but you shouldn't have to fork out big bucks for a little peace of mind.
Car insurance with roadside assistance
There’s almost no experience more embarrassing or stressful than having your car break down during peak-hour traffic or having a blown tyre throw a wrench into your road trip plans. That’s where roadside assistance comes in. Let’s see what it’s all about and how to add it to your car insurance policy.
Car loan guides
Car repair loans: What is a car repair loan?
Dealing with car troubles can be a real hassle and often quite expensive. If you’re caught in a jam trying to foot the bill for a big service or unexpected repairs, you might consider taking out a car repair loan (also referred to as a personal loan) to help cover the cost.
Buying a car: A first time buyer’s guide to getting new wheels
That exciting moment has arrived - you're ready to buy your first car. While the prospect of hitting the road in your own vehicle is thrilling, the path to car ownership involves more than just picking out your dream ride.
Top 10 car loan tips and tricks – spend less, drive more
If you’re looking to finance a new set of wheels, Mozo’s tips and tricks could help you shave thousands of dollars off your car loan.
What happens if I can’t pay my car loan?
*If you’re experiencing financial hardship, It may be worth speaking a service like the National Debt Helpline
Car loans 101: what car can you afford?
Looking to buy a new car this year? The excitement of car shopping often overshadows the most crucial question: what can you actually afford?
Types of car loan
Cars are expensive, and paying a large sum upfront isn't always possible. Car loans provide the finance you need for your desired vehicle.
Car loan vs dealer finance - what's the difference?
Ready to buy a car? Whether you're eyeing a brand-new vehicle or a pre-loved model, it's an exciting milestone. While some might have savings ready to go, most people need financing. The two main options? Car loans and dealer finance.
How to sell a car with an outstanding loan in Australia
If you bought your car with a secured loan, then selling it isn't quite as straightforward as you might think.
How to finance a car: the complete guide to vehicle financing options
If you’re buying a car, you’ll either need to have saved up the full purchase price, or you’ll need to find a way to finance it. While most Australians will buy a car using dealership finance or a car loan, these aren’t your only options.
Car loan price guide
When buying a car, where do you start? Will your decision be based on the shape, the brand or how many passengers it can carry?
Credit card guides
Managing your credit card balance
When it comes to credit cards, we always think of that classic piece of advice: “Don’t spend beyond your means”. There’s a little more to it than that when it comes to managing your credit card balance, so buckle up! We’re diving in.
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The banking world at your fingertips: A guide to biometric payments
The world of banking and financial technology has come a long way in recent years, with card payments fast replacing cash as Australia’s preferred payment method, and emerging payment technologies such as mobile wallets and wearable payments becoming increasingly popular alternatives.
Travel credit cards vs. prepaid travel cards - what’s the difference?
As exciting as it is to head on holidays, planning can be prone to stresses of its own. One of the many choices you’ll have to make is how to finance your trip.
Applying for a credit card
Credit cards may not have the best reputation, as the media is often quick to portray the negative connotations associated with them. If you lack self-discipline, a credit card can run you into trouble with debt levels beyond your comfort. On the other hand, credit cards are a very useful financial tool and when used properly, there are many benefits to having the card available in your wallet.
Credit cards for pensioners
Being a pensioner might make getting a credit card more difficult, but it does not necessarily disqualify you.
Credit history and credit ratings
If you've never taken out a person loan before or investigated getting a credit card, you may not have come across the concept of a credit rating or 'creditworthiness'. But if you are looking for some kind of financing in the future, this score and the file it sits in could impact the kind of loan options you can access.
How do credit card interest-free days actually work?
Whether you’re new to the game, or you’ve been swiping your credit card for years, I think we can all agree that the whole ‘interest-free period’ thing can be totally discombobulating! Which is why we’ve put together this guide for you! So you can walk away knowing what credit card interest-free days are and how they work.
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Credit card interchange fees guide
A few years ago, you may have never come across the term “interchange fees”. Instead it was reserved for those in the banking world to discuss the profit margins of banks.
Australia’s big bank rewards programs
Looking for a rewards credit card from one of the big four banks? But don't know whether to choose Westpac, NAB, CommBank or ANZ?
Credit card features
Your credit card has many benefits and features you may not even be aware of; some help you out when travelling, others will save you money while and you can even get a credit card that makes you feel like a celeb! So take a look at Mozo’s comprehensive list of plastic perks so you make the most of your credit card features.
Energy guides
How much does it cost to run your household appliances - a breakdown
Energy prices have been climbing in Australia over the last few years and Aussies are feeling the pressure.
Estimated vs actual meter readings: What's the difference for your energy bill?
A lot of people tend to receive their energy bill, pay it and wait for the next one to roll around without putting too much thought into what they’ve just received. While this may be perfectly fine for some people, it may see others paying for more energy than they’ve used while driving up the price of your energy bill.
Home insurance guides
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What is home insurance excess?
Home insurance excess is the amount you pay out-of-pocket whenever you make a claim. It applies whether you have home (building) insurance, contents insurance or a combined policy that covers both.
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Understanding your product disclosure statement for home insurance
A product disclosure statement (PDS) is one of the most important documents you’ll come across when considering home insurance. It’s your single source of truth - everything you need to know about your policy is packed into this document.
Understanding home insurance for natural disasters
Natural disasters like bushfires, floods, cyclones, and hailstorms are a fact of life in Australia, with risks only intensifying as our climate changes. The tricky part? No two home insurance policies define or cover these events quite the same way, and the differences can be more unexpected than you’d think.
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Holiday home insurance
If you own a holiday home, your insurance options fall into two categories: one for renting the property out, and another for personal use only.
Renters insurance
Starting life in a new rental often means unpacking boxes, finding the nearest coffee shop, and making the space your own. Insurance might not top your to-do list, but it probably should.
How to prepare your home for El Niño
For the last three years, Australia has weathered one natural disaster after another. From the devastating Black Summer bushfires to three years of record-breaking floods, home insurance premiums have skyrocketed to compensate for the surge in claims, as highlighted in the 2022 Mozo insurance report.
Home & Contents Insurance Tips and Traps
Whether you’ve built it from scratch or picked it up at an auction, our home is the most expensive thing we own. So the last thing you want is to find out you’ve forgotten to add or misjudged something on your home and contents insurance policy, like underinsurance.
See more home insurance guides
Home loan guides
Reverse mortgages: What are they?
If you’re an older Australian who owns their own home, you might have heard about using a reverse mortgage as a way to borrow money using the equity you’ve built up in your home.
How a mortgage broker can help you refinance your home loan
Thinking of refinancing? You’re not alone. The high cost of living has got many borrowers rethinking their home loan rates, features, and commitments, and seeking better options.
Is it better to pay your mortgage weekly, fortnightly or monthly?
Most borrowers choose to pay their home loan monthly and don’t realise they have the option to make fortnightly or weekly repayments. But did you know that increasing how often you pay could save you thousands of dollars on your home loan?
What is the average house deposit in Australia?
As Australian house prices continue to rise, the amount we need to save to get a home loan increases too. So what is the average home deposit in Australia in 2025?
Is a family trust a good idea? What Aussies need to know before setting one up
If you’ve ever heard someone say, “We set up a family trust,” you might have assumed it’s something only wealthy folks do. Lately, though, they’re popping up everywhere – on TikTok, Instagram, and other social platforms – thanks to a new wave of ‘finfluencers’ who are talking them up as a clever way to manage money and plan ahead.
Australian Government 5% Deposit Scheme: how first home buyers can get on the property ladder
The Australian Government 5% Deposit Scheme – formerly the Home Guarantee Scheme (HGS) – is an initiative administered by Housing Australia that helps eligible home buyers purchase a home sooner. It operates by providing a guarantee to a participating lender, enabling buyers to get a home loan with a smaller deposit and avoid Lenders Mortgage Insurance (LMI).
First Home Owner Grant: how much you get in every state and territory in Australia
Australia’s property market can be daunting for first home buyers, but there are a range of home loan grants, stamp duty concessions and home buying schemes that can help make owning a home more accessible and affordable.
A guide to the real costs of owning a home in Australia in 2025
Buying a home in Australia is rarely as simple as saving for a deposit and securing a mortgage. Mozo’s Home Loan Report 2025 found one in four Australians worry about affording mortgage repayments – but that’s just one of the costs they need to manage. The reality is that hidden and ongoing costs often catch buyers off guard.
Low doc home loans: A 2025 guide for the self-employed
Finding it tough to get a home loan when you're self-employed? You’re not alone. Many Aussies running their own businesses or freelancing find the traditional lending process tricky – and that’s where low doc home loans come in.
First Home Super Saver Scheme: Using super to buy your first home
The First Home Super Saver Scheme (FHSS scheme or FSSSS) lets you make voluntary contributions to your super and withdraw them later for a first home deposit. Unlike regular superannuation contributions that are locked away until retirement, FHSSS funds are accessible for first homebuyers, while still benefiting from tax advantages.
Interest rate guides
What is shrinkflation?
Shrinkflation is the practice of shrinking the size of consumer products while maintaining the price.
What is the cash rate and how does it affect you?
Official interest rates, also known as the cash rate, have been the source of countless news stories in recent years, with each movement generating plenty of chatter about the state of the economy, monetary policy, and the general direction it’s all heading.
What is a comparison rate and how is it calculated?
When shopping for a home loan, you’ve probably noticed something called a comparison rate sitting beside the interest rate. But what is the difference between the two? Why is the comparison rate important?
Has Australia hit the interest rate peak? What an RBA hold means for deposits and home loans
The Reserve Bank of Australia has held interest rates steady for two months in a row. Inflation has slowed meaningfully enough for the central bank to wait and see for now, which is great news for those struggling under the weight of rate hikes.
Got a loan or deposit? Compound interest calculator explained
Rainy day funds are essential, and earning interest is a fantastic and easy way to give them a boost. But how do the banks calculate your interest payments?
Calculate interest on loan
When you take out a loan, whether it’s a car loan, home loan or amount on a credit card, you’ll have to pay back both the amount you borrowed and interest on top of it. But what do we mean by that?
Annual interest rate
There are a lot of things you need to research and consider before making any kind of financial decision. One of those is your interest rate.
What are interest rates?
Good question. An interest rate is a fee you're charged for borrowing money, expressed as a percentage of the total amount of the loan.
Fixed interest rate
The flip side of variable interest rates, fixed interest rates are one of the two main types of interest you’ll come across when choosing a loan or bank account.
Variable interest rate
Mozo has compiled this handy guide to give you the rundown on the facts, features, pros and cons of variable interest rates.
International money transfer guides
International Money Transfer Fees and Charges
Sending money overseas from Australia? While most people first look at the exchange rate, there's more to the story than just the rate you'll get for your Aussie dollars. Hidden fees and unexpected charges can take a surprisingly big bite out of your transfer amount, leaving you or your recipient with less than you planned.
Overseas Money Transfers 101
International Money Transfer (IMT) is a way of electronically transferring cash to someone in another country. Typically there have been some distinct big players in this space, but innovation from digital providers has seen traditional banks get a bit more competition in recent years.
Should I use PayPal or an international money transfer provider?
When sending money overseas, choosing the right service can potentially save you time and money. PayPal and international money transfer (IMT) providers are two popular options, but they cater to different needs. This guide breaks down their pros, cons, and ideal uses to help you decide which is best for your situation.
How to receive money from overseas in Australia: A complete guide
Receiving money from overseas is a part of life for many Aussies — whether you're an expat, a business owner, or simply getting payments from friends or family abroad. The process can seem straightforward, but there are a few key things you should know to make sure you get the most out of the transfer, avoid unnecessary fees, and understand the tax implications.
Tips for Australians sending money overseas
Whether you're off on a backpacking adventure, studying abroad for uni, taking a job transfer, or making a permanent move to another country, managing your money across borders is one thing you want to get right.
How to pay when buying a car overseas
Thinking about importing a car from overseas? Whether you’ve found your dream ride — a classic Corvette from the US — or scored a deal on an electric car from China, understanding international money transfers can save you paying unwanted extra costs.
What are peer to peer international money transfers?
Peer-to-peer (P2P) transfers let you send money overseas using a platform that connects you directly with another person, rather than going through a bank or currency exchange. This method can offer more competitive rates, with the potential to get closer to the real exchange rate (mid-market rate), which is typically reserved for larger financial institutions.
How to send money overseas
Planning to send money overseas from Australia and curious about how it all works? From choosing the right transfer service to understanding fees and limits, we've got you covered. Here's a quick guide to get you started on everything you need to know about international money transfers.
Send money to China
According to the World Bank , China is one of the top receiving countries for international money transfers, with Australia being the biggest contributor. The number of Australians investing in Chinese businesses and property is on the rise and there also continues to be a large influx of Chinese people migrating to Australia.
How long does it take to transfer money overseas?
If you’re planning to send an international money transfer (IMT), it's important to understand that these transfers aren’t instantaneous like BPAY.
See more international money transfer guides
Life insurance guides
Cheap Life Insurance
While it can be tricky to think about, life insurance can be a useful financial safety net for your family if you’re no longer able to provide for them. From death cover to income protection insurance, there’s a range of policies available for a variety of needs.
What is whole life insurance?
Having a financial plan to look after your family when you can’t anymore is a hard but important conversation to have. This is where life insurance can help step in.
Do I need income protection insurance?
For most Australians, covering essential expenses like rent, groceries and power bills will get tricky without a paycheck coming in. It only gets more complicated if you’re providing for a family or paying off a home loan.
5 life insurance exclusions you should know about
If you haven't investigated it before, life insurance can seem a bit complicated. To start with, the term itself is a catch-all for different kinds of coverage, including income protection cover, total and permanent disability cover, and death cover.
How much life insurance do you need?
After you’ve worked out whether or not you need life insurance, the next step is working out what level of cover you should opt for. The key? Finding the right balance for your situation.
Should you get life insurance if you’re self-employed?
Whether you work for yourself or as an employee, life insurance exists to ensure your needs and those of your family are met if you’re no longer able to provide financial support.
Why you should avoid life insurance sold at car dealers
When you purchase a vehicle from a car dealer, you'll probably be offered a whole lot of extras. While an alarm system may be worth forking out extra for, one add-on you should avoid at all costs is life insurance.
What to look for in a life insurance policy
If you’ve decided to bite the bullet and buy a life insurance policy, you should take the time to work out which of the key features on offer are important to you. After all, this is one insurance policy you could wind up sticking with for the rest of your life.
What does ASIC’s life insurance review mean?
In October 2016 the Australian Securities and Investments Commission (ASIC) handed down a report into the handling of claims by the life insurance industry. This was in responses to criticisms of outdated definitions being used to avoid payouts and conflicting interests in the sale of policies.
How to ensure life insurance claims are accepted
Life insurance is meant to be a safeguard for the tough times in your life. It should give you peace of mind in the event of a loved one's death or to guarantee your financial safety if something happens to you and you’re unable to work.
See more life insurance guides
Mobile phone plan guides
Telstra vs Optus vs Vodafone: Difference between the big three telcos
When you Optus, and Vodafone.
How to choose the right amount of mobile data for your needs
These days most mobile plans come with unlimited call and text credits, so a major factor to consider when you compare mobile phone plans is how much data is included.
Are smartphones vegan? Your ‘silliest’ mobile questions, seriously answered
Look, we’ve all had a weird thought or random question, especially when it comes to new technology. So in the spirit of learning and curiosity, here are your silliest mobile questions, seriously answered.
Comparing Coles, Woolworths, and ALDI mobile plans
Most of us just go to the supermarket to pick up groceries, but did you know these days you can even get a brand new mobile phone plan?
See more mobile phone plan guides
Personal loan guides
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What is a green loan and where can I get one?
With sustainability at the top of mind for many Australians, getting a green loan can be a way to make costly lifestyle changes without blowing the bank.
Short term personal loans
A short term personal loan is useful if you need to borrow money but don’t want to be committed to a long term debt.
Fixed rate personal loans
Ever wondered what difference choosing between a variable and fixed rate personal loan really makes? If you're a little more cautious or have trouble adjusting to change, a fixed rate loan could be just what you need.
Types of Personal Loan
When you're short on funds, a personal loan can help you reach your financial goals. There are different types of personal loans that can especially help with large expenses, so selecting the right one depends on your needs and financial situation.
How to improve your credit score in Australia in 2025
If you’re planning on applying for a home loan or a personal loan, prepare to have your credit reviewed. What does this mean, exactly? Your credit history tells your story as a borrower, covering even things that took place a long time ago. Lenders use this information to check if you're someone they can rely on and comfortably lend money to. Ultimately, they want to be sure you're in a good position to repay the loan!
Mozo's quick guide to wedding loans
From the invitations to the venue, the cost of a wedding can add up quickly. However, a wedding loan can be a useful way to handle the bill. Like any personal loan, the right wedding loan can come with competitive interest rates and flexible features - all you have to do is find the one!
Personal loans vs credit cards
When looking for a credit option to fund a big upcoming expense like a holiday, home renovation or wedding, two banking products are likely to come to mind – a personal loan or a credit card.
Self-employed personal loans: your questions answered
The freedom of working for yourself also comes with a lot of hard work, especially when it comes to sorting out your finances.
Pensioner loans in Australia
So, the kids have all left the nest, work has become a distant memory, and you’re lapping up life in retirement. While work stress may be a thing of the past, you can still face financial pressure in your twilight years.
Credit score, credit file, credit history - what's the difference?
Understanding credit and all of its terms can be confusing, especially when they all sound so similar. Terms like credit score, credit file and credit history are all as equally important to understand as the next.
Rewards credit card guides
How do I redeem credit card rewards points?
Have you been stacking up credit card reward points throughout the pandemic? Are you lost when it comes to getting the most bang for your rewards buck? Well, that’s where this guide comes in.
What are the benefits of a rewards card?
If you’re tossing up between a rewards card and a regular piece of plastic, then you might be wondering just what the benefits of having points earning power in your corner are.
Calculating rewards points
You don’t have to be a mathematician when it comes to calculating rewards points. While it can be confusing as no reward program is the same, there is a fairly simple equation you can follow that will calculate the rewards points currency. This guide will hopefully help you make sense, the process of calculating rewards points so you can earn your free ticket to Bali in no time.
How to choose a rewards program
Choosing a credit card is a challenge in itself then deciding on the best rewards program to attach to your card can be just as testing. You may just throw your hands in the air and declare it all too difficult! But don’t, stop there and take a breath, as Mozo has come to the rescue. This guide will help you through the process of choosing a rewards program that is the best fit for you and one that will having you reaping in the benefits.
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Types of rewards credit cards
On the hunt for a credit card that’s going to reward you for spending? If so, you’re in the right spot! This guide will take you through all the different types of rewards credit cards you can choose from. With so many reward card options out there, find one that you will benefit from most, with perks to suit your lifestyle and needs.
Credit card rewards and tax
Who doesn’t love something for nothing?! Well, welcome to the world of reward credit cards, your ticket to receiving freebies for spending money. There are so many types of reward programs from frequent flyer, cashback rewards, travel, and shopping rewards just to name a few.
See more rewards credit card guides
Savings account guides
Savings accounts vs term deposits
With interest rates in flux, where you park your cash matters more than ever. Should you embrace the flexibility and changing returns of a savings account, or lock in a fixed interest rate with a term deposit?
What you need to know about gifting money to your kids
Gifting money to your children or grandchildren is more than just a financial boost – it’s a chance to support them meaningfully and teach them about managing money.
How to create a budget for better savings
If you've ever reached the end of your pay cycle and wondered "Where did all my money go?", you're not alone. Good news though, there is a solution!
Types of Savings Account
No matter what you’re saving for—whether it’s a holiday, a home deposit, or a new pair of shoes—there’s a savings account suited for every savings goal.
What is a savings account?
A savings account is a secure and easily accessible place to store your money. Unlike a regular transaction account, which you use to pay bills and cover expenses, a savings account is designed for depositing funds for future needs while earning interest.
How to calculate interest on a savings account
Savings accounts can be a great way to earn interest on your hard-earned money. Not only do they provide a safe place to store your cash (as they are guaranteed under the government’s Financial Claims Scheme), but many offer quick access to your cash if needed.
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How much of my income should I save
Half? A quarter? A dollar? It can be challenging to figure out how much of your income you should save. Thankfully, there are ways of figuring this out so that you can start saving for whichever goal you’re aiming for.
How much does the average Australian save?
Choppy financial waters have meant that the average saver has burnt through their cash quickly this year. In fact, Mozo’s 2024 savings report found that 1 in 6 (16%) Aussies are putting their savings goals on hold.
A Guide to the Financial Claims Scheme
Ever wondered what might happen to your savings if your bank failed? The Australian Government's Financial Claims Scheme (FCS) is designed to protect you in such scenarios.
Your essential guide to building an emergency fund
An emergency fund is a sum of money you set aside that can support you if you experience a difficult financial time. It might be an unexpected event such as a medical emergency or losing your job, or you might be getting hit hard by the rising cost of living.
See more savings account guides
Share trading guides
What are CHESS sponsored shares?
‘CHESS’ stands for Clearing House Electronic Subregister System. What this means is that it’s a computer system that facilitates the buying and selling of shares on the Australian Securities Exchange (ASX).
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Custodial vs. CHESS: How do these share trading models differ?
When researching brokerage platforms, you've probably heard that Australian shares are either CHESS sponsored or in a custodial model. As an investor, understanding the difference between the two can help you to decide what brokerage platform you might prefer. Let’s examine them.
What is a Holder Identification Number (HIN)?
In share trading, a Holder Identification Number (HIN) serves as a unique identifier assigned to anyone who purchases shares on the Australian Securities Exchange (ASX). Understanding your HIN is crucial for managing your investments effectively.
What is a managed fund & how do they work?
Investing in the stock market can be a good way of storing wealth. However, most working-age adults don’t have the time to research individual companies and consistently pick winners. That’s why a lot of retail investors will generally opt for a managed fund.
Building a diversified share portfolio for beginners
Portfolio diversification is one of the central tenets of the share trading world. It’s a time-tested strategy that serves to mitigate risk by balancing a portfolio of investments, ultimately generating stable returns.
What are stablecoins and how do they work?
Over the past few years, the popularity of cryptocurrency (like Bitcoin) has exploded amongst those in the share trading world. However, the volatility of many digital currencies has forced investors to look for more stable ways to purchase crypto.
What is dollar-cost averaging and is it a good investment strategy?
The share market is characterised by regular bouts of volatility, and even the most experienced traders sometimes have difficulty pinpointing the best times to invest. One strategy for dealing with this uncertainty is dollar-cost averaging (DCA).
Buying the dip: What is it and should you do it?
‘Buying the dip’ means investing in a company when it drops in value due to wider concerns within the market, rather than investors jumping ship from said company due to performance concerns over the long run.
Investing strategies: Why consider an ESG fund?
Whether you're a seasoned investor, or a complete beginner, you'll likely want to consider where your money goes and what it invests in.
Share trading for absolute beginners
Your comprehensive guide to share trading and stock market investing for beginners in 2022.
Small business guides
How to get a business loan: the ultimate guide
Whether you're running a small business, a big company or a new start-up, there's a good chance that you'll need some extra funding at some point along the way.
Business loans for startups: how to fund your new business
Becoming your own boss - it's the ultimate dream for many working Australians and one that thousands take a chance on each year by starting their own businesses. In fact, according to the latest figures from the Australian Bureau of Statistics (ABS), there were over 2.6 million actively trading businesses in Australia in 2024, with the number of new business entries increasing by 2.8% in the 2023-24 period.
Cash flow boost? Invoice finance could be right for your business
Managing cash flow is crucial to the success of any business. But accurately forecasting how much money comes and goes can be difficult, particularly if you depend on the timely payment of invoices by customers.
Pros and cons of business overdrafts
It’s a term you may have come across before, but what exactly is a business overdraft? Essentially it’s a line of credit attached to a business bank account or debit card which allows businesses to draw on money (up to an approved limit) beyond what they actually have in the account.
Choosing a business bank account
Choosing a business banking account is about packing all the transaction facilities you need into the smallest possible monthly fee. There's a wide range of options, often varying from bank to bank, but here are some small business finance tips.
See more small business guides
Superannuation guides
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How much money should I save for retirement? Superannuation targets by age.
Curious about how much superannuation you need for a comfortable retirement? Ignore the “average balance by age” charts you typically see in response to this question, as current balances are clearly not a benchmark for how much you should have (as you'll see later).
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New job super checklist
Starting a new job usually comes with a bit of admin: tax file number, bank details, onboarding docs… and somewhere in there, your employer will ask where to pay your super.
How to change super funds in 3 easy steps
Found a super fund you like better? Making the switch is easy and you can do it all online! Here’s what to do…
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Compare ethical super funds in Australia
Ethical super funds have taken off as a way to align our values with our money: saving for retirement while saving the planet. But what is an ethical super fund? And how can you tell if it’s the real deal? Let’s find out!
Unique superannuation identifier: why it matters
Have you ever noticed the term 'unique superannuation identifier' (USI) popping up in your superannuation paperwork or online statements?
Super guarantee rate: what you need to know about employer super contributions
The super guarantee rate—sometimes called the superannuation rate or compulsory superannuation rate—is a key part of how Australians save for retirement.
A comprehensive guide to self-managed super funds
A self-managed super fund (SMSF) offers a unique opportunity to take full control of your superannuation investments, provided you're ready for the commitment involved,
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Retail super funds in Australia
Retail super funds give Aussies the chance to have their retirement savings managed by banks and large investment companies. But is this the right choice for you? Let’s explore what they offer and weigh up the pros and cons.
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Superannuation investment options
When you select a super fund, you're essentially deciding which company or organisation will manage your money. However, each fund also offers you some degree of personal control through the investment options they offer.
How to consolidate super
Spreading your retirement savings across multiple super funds is a surefire way to increase your mental load and potentially raise your fees. If that’s your thing, more power to you. But for the rest of us, consolidating those superannuation accounts is probably the smarter move.
See more superannuation guides
Term deposit guides
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Can you end a term deposit early? What you need to know
Even with a solid savings plan, life can throw unexpected expenses your way. If your money is tied up in a term deposit, you might be wondering whether you can access it before it matures.
How and when do you pay tax on term deposit interest?
Earning interest on your savings can be rewarding, but it also comes with tax responsibilities. If you’re thinking about a term deposit, it’s worth understanding how tax affects the interest you’ll earn. Here’s what you need to know about paying tax on term deposit interest.
Pros and cons of a term deposit
Considering a term deposit for your money? While these accounts can provide stability with a fixed interest rate, they also have some limitations. To understand term deposits and see if they fit your needs, it's important to have the complete picture of advantages and disadvantages.
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What happens to your term deposit if your bank closes?
It’s not very likely to happen, but what happens to your term deposit if your bank fails or closes?
What are term deposits?
Looking for a secure way to grow your savings beyond a standard savings account? Term deposits offer a dependable option that lets you lock away your money for an agreed period in exchange for a guaranteed return. This comprehensive guide will help you understand how term deposits work and whether they're the right choice for your financial goals.
Term deposit interest - paid monthly or at maturity?
Choosing the right interest payment schedule for your term deposit can significantly impact your savings strategy. Term deposit providers usually offer options, including monthly payments, annual payouts, or a lump sum at maturity. Understanding which of these choices is important as they can affect the total interest earned.
Types of Term Deposits
Before you decide that a term deposit is for you, it's worth thinking about what kind of account you want to keep your funds in. Whether you're a short-term saver or in it for the long haul, there's likely to be a term deposit option that fits your needs.
Travel insurance guides
Travel insurance Japan
Japan: the Land of the Rising Sun, home to centuries-old castles and the latest in technological innovation. With so much to do and see, you’ll want to make sure your holidays aren’t hampered by any unforeseen circumstances.
Travel Insurance New Zealand
New Zealand is a land of postcard-perfect scenery, Māori culture, and legendary adventure. Considering it's one of the most visited international destinations for Aussies, you're likely already familiar with the process of heading ‘across the ditch.’
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Snow travel insurance
Snow travel insurance is a special form of travel insurance that covers snow-specific risks, such as on-slope injuries, piste closures and lost lift passes, in addition to standard travel insurance benefits like trip cancellation and lost luggage.
Don’t book travel insurance until you read these 5 policy quirks
The end of the year holiday season is now rapidly approaching and if you’re travelling overseas, it’s time to cross ‘purchase travel insurance’ off your list of to-dos.
Why you shouldn’t wait to book your travel insurance
The end of year holiday planning is now in full swing, so if you’re travelling overseas in the coming months, getting your travel insurance early is a smart money move.
Travel insurance for pre-existing conditions: what you should know
Many travellers worry that a pre-existing medical condition will make travel insurance impossible or too expensive. But you don’t have to let a niggling health condition put a damper on your travel dreams. You just need the right information to travel worry-free.
Best destinations for travellers with dietary requirements
World cuisines are lovely and diverse, but if you have dietary restrictions, travelling can feel extra stressful.
Flying overseas? How to pack luggage like a pro
European cities, summer beaches, winter skiing – here we come! With more people travelling overseas for a holiday, it’s time to reevaluate how we pack our bags. This one’s for the rusty but wanderlust-y.
How to make an airtight travel budget for your next summer holiday
Influencer: “Travel is the one thing you buy that makes you richer." Your bank account: "Nope."
What travel documents do I need? Pre-trip checklist
A scene: you’re packing your luggage, excited to go, but then freeze in cold panic. “Wait...what have I forgotten?!"
See more travel insurance guides
Travel money guides
How to avoid fees when spending overseas
Is the countdown finally on until your next getaway? Have you been stuffing every spare banknote into your piggy bank until it could burst at any moment?
What happens if I lose my card overseas?
Holidaying overseas is a huge part of the Australian way of life, with thousands of keen travellers jet-setting across the world every day.
How to keep your money safe overseas
Travelling is one of life’s greatest joys. You get to explore every nook and cranny of a totally fresh destination, experience new cultures and of course form fond memories that will last a lifetime. But your dream holiday can quickly turn into a nightmare if your hard-earned holiday funds are stolen or you find yourself the victim of identity theft.
Can I use my everyday debit or credit card overseas?
Planning a big overseas holiday? Whether it be a trail-heavy adventure of the Andes or a soothing two-week stay at a resort in Sumatra, you’re going to need a few things ticked off your travel checklist before you leave Australian shores.
Everything you need to know about credit card travel insurance
While many credit card travel insurances have some great features, it's still important to read the fine print to make sure that your credit card has the right coverage for the adventure you're planning.
Travel Money 101 - the Mozo guide to jetset spending
Almost as exciting as booking your idyllic holiday, high-flyer biz trip or irritatingly long stay in some exotic location is the exciting world of currency conversion. Hold on to your hats, as Mozo cruises through the four basic ways to spend money overseas.
5 Top Travel Money Tips
Nothing can obliterate a post-holiday glow like discovering the damage you've done on your credit card. But with a few simple strategies, you might come back pleasantly surprised instead of suffering a cash-related comedown.
Overseas Credit Card Woes - The Mozo Survival Guide
Arm yourself against excessive international fees, skimming, and the aftermath of card theft with our pre-holiday checklist.
Does the Australia Post Load & Go Travel go the distance?
A couple of months ago, we gave you the lowdown on Australia Post’s Load & Go Visa Prepaid – our national postie’s first Visa card. We were impressed with its novel prepaid approach which allowed people to enjoy all the benefits of Visa’s worldwide network, without having to go through the fussy sign-up process normally associated with credit cards. However, we found its lack of travel money features disappointing, which made the Load & Go an expensive choice for travellers wishing to make purchases in currencies other than Aussie dollars.