Buying groceries online helps Aussies save money, says ING

asian woman buying groceries online

New research from online bank ING has found that Aussies can save money by buying their groceries online.

A survey of 1,044 Australians commissioned by the bank and conducted by YouGov in January has found that Aussies are saving an average of $1,360 annually by ordering online groceries.

As well as saving money, which is why 33% of Aussies are favouring online stores, shoppers say they are leaving behind in-store shopping to save time (62%), avoid crowds (58%), and to limit impulse purchases (31%).

ING’s research also found that the growth of online grocery shopping can be attributed to the pandemic as many people wanted to avoid busy shops. 78% of Aussies surveyed said they ordered online more than before that more restrictive time. 

“This research shows that Australians are not always paying for convenience, and they could actually be saving as a result of using it,” said ING’s head of digital, Amy Cunningham. “Small changes to how you shop could really save you a lot of money and time.”

Saving and looking for deals

In the past year, Aussies have looked for ways to save money and be frugal by shopping around and searching for the best deals. This also included signing up to meal kit subscriptions with the goal of saving money and time. The survey found that on average people using meal kits save about $1,503 a year. 

With the cost of living rising, it’s pretty clear that Aussies are looking for every little way to save their cash. And having an extra $1,000 in pockets is a massive plus. 

If you are one of the many Aussies looking to increase their savings, check out our savings guides. Alternatively, if you are looking for the best place to keep your savings check out our Mozo Expert Choice Award winners for Saving Accounts. More than 200 savings products were analysed and compared by a panel of judges to showcase which offered great value to the Aussie saver.

Ready to start saving? Check out our savings account comparison table below to get started.

Savings account comparisons on Mozo - last updated 6 July 2022

Search promoted savings accounts below or do a full Mozo database search . Advertiser disclosure
  • Save Account
    Maximum rate
    standard interest rate
    Govt Deposit Guarantee
    1.85% p.a. (for $0 to $250,000)
    0.10% p.a.(for $0 and over)
    Yes up to $250,000

    Deposit at least $200 to either Spend or Save account from an external source each month.

    Earn up to 1.85% p.a in interest. No monthly fee to pay. Split your money in up to 10 Save accounts. Track your progress on each of your save accounts. Instant access to cash via PayID and Osko. Deposits guaranteed up to $250k per customer.

  • Mozo Expert Choice Badge
    Boost Saver with Go Account
    Maximum rate
    standard interest rate
    Govt Deposit Guarantee
    2.00% p.a. (for $0 to $250,000)
    0.05% p.a.(for $0 and over)
    Yes up to $250,000

    Bonus rate of 2.00%. Deposit $2,000 each month, make 5 eligible payments from your Go Account and enable the Lock Saver feature. If you are between 18 and 25 deposit $1,000. 32 days notice for withdrawal and T&C's apply.

    Enjoy a high interest savings account bundled with an everyday spending account. No monthly fees. And new customers can get a welcome bonus of 5,000 bonus Virgin Money Points (ends 31/8/22. Offer criteria & T&Cs apply).


^See information about the Mozo Experts Choice Savings Account Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.