Just six months after launching, neobank 86 400’s Save Account has scooped up a Mozo Experts Choice Award for best Regular Saver account!
If you’re wondering whether or not that’s a big deal - it is. Going strong since 2014, the purpose of the Mozo Experts Choice Awards is to highlight Aussie banking products with market-leading features and great value.
Our experts combed through reams of banking data to figure out which ones really do hold up to the giant, glitzy billboard advertising. In 2020, we compared over 500 personal banking products, from 80 different financial institutions to determine the winners across multiple categories.
The Mozo Experts Choice Award for best Regular Saver account in particular, recognises savings accounts with the most competitive interest rates, which have been designed for savers who plan to squirrel money away on a regular basis and are willing to meet any conditions that may be required to achieve the maximum ongoing rate.
RELATED ARTICLE: Is your bank a winner? Mozo reveals the best term deposits, savings and bank accounts for 2020
86 400’s award winning savings account
So with all that in mind and with an ongoing interest rate of 2.25% p.a., it’s no wonder 86 400’s Save Account managed to snag a win! In fact, 2.25% is one of the highest ongoing savings rates available in the Mozo database right now*, tied with fellow Mozo Expert Choice Award winners the Up Saver Account and Xinja Stash account.