It is a very customer focused bank, even though branches and ATMs are few and far between. Their online and telephone banking are trouble free and do the job. I reviewed my accounts and realised that I have a very outdated account that incurs all sorts of fees and charges including charging $6 for an insufficient funds during an internal transfer. Overall it rates favorably against the other banks
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Savings account comparisons on Mozo - rates updated daily
2.26% p.a.(for $0 to $500,000)
standard interest rate
1.05% p.a.(for $0 to $5,000,000)
Govt Deposit Guarantee
Yesup to $250,000
Bonus rate for the first 6 months from account opening on the first $500,000 deposited. For new Saver customers only.
Ongoing bonus rate applied if in the previous month $1,000 or more is credited to the linked Day2Day Plus account and 5 eligible transactions are made by the linked account. (This second requirement has been paused until 31 August 2020).
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