I generally don’t trust any bank but this one is amazing. The rates are better than any of the majors, which I swapped over from many years ago. I would not return to a major again.Though they are small, they are big on savings. There is a little confusion by me for the different names of accounts, but that’s no different to other banks. Even their passport for travel card is so easy to use, transferring money into different currencies while on the trip.
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Savings account comparisons on Mozo - rates updated daily
18-29 years old
3.00% p.a.(for $0 to $30,000)
standard interest rate
0.40% p.a.(for $0 and over)
Govt Deposit Guarantee
Yesup to $250,000
Make 5 transactions/month on linked Westpac Choice account and min 1 deposit and higher balance than at the beginning of the month in Life savings account.
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