Low-cost Christmas on the cards as Aussies seek cashbacks

Seventy-four per cent of Aussies are actively seeking shopping bargains, deals and cashbacks right now, Westpac research shows. This is while they are experiencing financial hardship due to the high cost of living. 

In a bid to make it easier for shoppers, Westpac is integrating cashback offers from ShopBack into the Westpac Mobile Banking App. ShopBack is the largest cashback and rewards platform in the Asia-Pacific, offering Australians cashback on purchases at more than 4,000 online, in-store and gift card brands, including household brands like Chemist Warehouse, Amazon, The ICONIC, and eBay.

“With almost a third of Australians planning to use cashback to help cut back costs this Christmas, we’ve integrated ShopBack offers into the Westpac App to make it even easier for customers to access cashback on their online shopping purchases,” said managing director, consumer finance at Westpac, Steve Rubenstein.  

Westpac partnered with the ShopBack group in December 2022 and since then its customers have received more than $12 million in cashbacks from purchases made through the ShopBack website. 

It can be easier to get through the ‘spending’ season with good deals and cashbacks. But what helps further is a good budget. Mozo has a few tips that you can think about when creating your own budget

In addition, if you’re on the lookout for a top savings account, look no further as Mozo experts have got you covered. The best savings accounts usually have the best interest rates and so it’s worth comparing a few. 

Compare Savings Accounts - last updated 5 March 2024

Search promoted savings accounts below or do a full Mozo database search. Advertiser disclosure
  • 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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  • 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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  • Hero Saver

    4.60% p.a. (for $0 to $250,001)

    1.00% p.a.(for $0 to $5,000,001)

    Yes up to $250,000

    Minimum deposit of $200 and no withdrawals in the month.

    Earn a generous variable rate on balances up to $250,001 each month you deposit at least $200 (excluding interest) on or before the last business day each month and make no withdrawals during the month. $0 account maintenance fees. Create a goal, set up regular deposits and track your progress on the Bankwest app.

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  • Reward Saver

    5.25% p.a. (for $0 to $100,000)

    0.30% p.a.(for $0 and over)

    Yes up to $250,000

    Earn a high interest bonus rate if you hold an eligible transaction account and meet the bonus rate conditions (T&Cs apply). Only requires $1 to open. Free e-banking transactions. No monthly service fees to pay. Access your account via e-banking or the Bendigo Bank app. Not applicable to business customers.

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  • High Interest Save Account

    5.10% 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.

    No monthly fees on any of your save accounts. Split your money with up to 10 Save accounts. Set savings targets and track the progress of all your Save accounts. Deposits guaranteed up to $250K per customer.

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