Bendigo Bank is Australia’s most trusted bank, says Roy Morgan

By Krutika Kale · · 1 min read
Fact Checked
Advertiser disclosure

Bendigo has been labelled the most trusted bank in Australia for the second year in a row in Roy Morgan’s annual awards. 

What makes Bendigo stand out?

Chief executive and managing director of Bendigo and Adelaide Bank, Marnie Baker said, “Our quality products, friendly service and leading digital offerings are just some of the reasons why we’re consistently recognised as the most trusted bank in the country.”

The Roy Morgan Trusted Brand Awards recognised Bendigo out of 20 leading brands across a range of industries and services. The bank has also been named as the most trusted agribusiness bank among Australian farmers by Roy Morgan. 

Why do you need to compare banks, anyway? 

Comparing bank or savings accounts is a crucial step when choosing where to bank. Even 10 minutes of comparing can give you a better sense of the options available in the market, including smaller banks that might have better interest rates and features.

For example, right now in Mozo’s database MyState Bank’s Bonus Saver Account offers 5% interest pa, IMB Bank’s Reward Saver Account gives 5.25% pa and First Option Bank’s Savings+Bonus account offers 4.75% pa. (Of course always check the terms and conditions before deciding on any product). 

Pro tip: It’s always a good idea to review savings accounts options regularly. 

At Mozo, we make it easier and fun for you to compare and select from a range of options some of which have won awards at the 2023 Mozo Expert’s Choice Awards^ 

Or if you’re keen to do some more research, be sure to compare some of the best savings accounts on our Savings hub page. 

Compare Savings Accounts in Australia - last updated 6 May 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.

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  • 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.

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  • 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.

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  • Savings+Bonus

    5.00% p.a. (for $0 to $250,000)

    2.00% p.a.(for $0 to $250,000)

    Yes up to $250,000

    Minimum $100 monthly deposit and no withdrawals to earn bonus interest each month.

    Earn a generous interest rate on your at-call savings (T&Cs apply). Interest is calculated daily and paid to you monthly. A $5 monthly membership fee will not apply if your total account balances with First Option Bank exceed $1,000 or you have a credit card or loan with the bank.

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  • Mozo Expert Choice Badge
    AMP Saver Account

    5.40% p.a. (for $0 to $250,000)

    1.20% p.a.(for $0 to $5,000,000)

    Yes up to $250,000

    Enjoy a bonus rate when you deposit at least $1000 per month with the AMP Saver Account.

    No account fees. Unlimited transactions when linked to an AMP Bank transaction account. Easy online access to your money. Option to link your savings account to an everyday transaction account. 2024 Mozo Experts Choice Award winner.

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