MEDIA RELEASE

Mozo experts reveal the best everyday bank accounts in 2025

Analysis of 235 bank accounts across 79 banks reveals the best of the best for Aussies in 2025

27 March 2025

Couple opening a new bank account next to a Mozo Experts Choice Awards badge

Today, Mozo is thrilled to announce the winners of the 2025 Mozo Experts Choice Awards for bank accounts. 

The money experts at Mozo reviewed 235 different bank accounts across 79 banks to determine which accounts offered the best value and features for Aussies in 2025.

“The Mozo Experts Choice Awards for bank accounts provide Aussie consumers with a great starting point when researching everyday transactions accounts by highlighting the accounts that offer a fee free experience and market leading features,” says AJ Duncanson, Data Director and Mozo Experts Choice Awards Judge.

Identifying the winning brands

When identifying the stand out brands in the Exceptional Everyday Account category, Mozo’s experts looked at the accounts which offered a fee free experience and provided users with extra value.

“On top of the basics of no account-keeping, ATM or electronic transaction fees, the accounts that made our 2025 winners list included value-adds like 0% foreign exchange margin, rewards points, cashback on purchases, or higher interest, ” says Duncanson. 

Macquarie Bank named Australia’s Best Everyday & Savings Bank in 2025

Macquarie Bank is this year's winner of Australia's Best Everyday and Savings Bank award. It had 

8 category award wins across personal everyday banking accounts , savings accounts and SMSF accounts.

“ Macquarie Bank stood out as the clear winner of the prestigious, Australia’s Best Everyday and Savings Bank of 2025 award” says Duncanson. 

“The fee-free everyday account with its interest earning feature,  the simplicity of the savings  products without strict bonus conditions, and their strong rates really set them apart from the other contenders.”

Highly Commended Everyday & Savings Bank

The Highly Commended Everyday & Savings Bank award recognises the institutions who took out award wins across several categories in the Mozo Experts Choice Awards for savings and transactions in 2025.

This year there were three stand out banks:

Winners List

Exceptional Everyday Account

Pensioner Account

To see the full list of winners, and details on how the winners were chosen, you can read the methodology report here.