Top banking deals that could save you thousands
22 Nov 2019

Unless you’ve been overseas or had your news notifications turned off, you’ll have heard that the RBA has slashed interest rates three times in the last five months.
The result? Rates are tumbling.
With rates on everything from home loans to savings accounts heading south, now could be an excellent time to reassess your finances to ensure you’re still on the best value deals. After all, refinancing your home loan alone could save you thousands of dollars!
So how do your own banking products stack up? To help you compare and save, the money experts at Mozo have pulled together some of the hottest banking deals around.
loans.com.au Smart Home Loan 80

2.88% variable interest rate (2.90% comparison rate*)
$0 application or ongoing fees
Free extra repayments and redraw facility
When it comes to low rate home loans, loans.com.au doesn’t disappoint, and that’s certainly the case with the Smart Home Loan which has one of the hottest variable rates around at 2.88% (2.90% comparison rate*) for new home buyers and refinancers. It doesn’t stop there though, because borrowers won’t be charged an application fee or any ongoing fees with the Smart Home Loan, and they’ll even be able to reduce their interest by making extra repayments towards the loan for free!
MyState Bank Bonus Saver Account

Earn up to 2.00% ongoing bonus interest
Deposits up to $250,000 per customer guaranteed by the Australian Government
$0 account fees
This competitive account offers the ability to earn 2.00% bonus interest each month you deposit $20 or more in to the account and make 5 or more eligible Visa debit card transactions from your linked transaction account. With no account fees and a simple online application process that lets you open an account in minutes, the MyState Bank Bonus Saver Account could be a top choice for savers who make regular deposits and want a decent rate without the hassle.
OurMoneyMarket Low Rate Personal Loan

Fixed rates from 8.00% (8.21% comparison rate^)
Borrow between $2k - $50k
Free extra repayments and redraw facility
OurMoneyMarket is all about rewarding Aussies with great financial history, which is why the Low Rate Personal Loan (Fixed, Unsecured) comes with a fixed rate of just 8.00% (8.21% comparison rate^) for borrowers with excellent credit history. Eligible borrowers will be able to grab a loan between $2,000 and $50,000 with simple fixed interest payments that can be made weekly, fortnightly or monthly over a 1-7 year period. And the loan even features a free redraw facility for borrowers that have made extra repayments!
Citi Rewards

$0 annual fee in the first year ($199 after)
0% p.a. balance transfer rate for 26 months (1.5% BT fee)
1 point per $1 earn rate (capped)
With one of the longest balance transfer rates around at 0% for 26 months (1.5% balance transfer fee), the Citi Platinum - Balance Transfer Offer could be a great option for Aussies looking to get a hold on their existing credit card debt. It doesn’t stop there though, as new cardholders won’t need to worry about forking out an annual fee in the first year ($199 afterwards) and they’ll even be able to make use of complementary insurance benefits while also earning 1 point per $1 (up to $10,000 per month) when they pay using Visa.
HSBC Everyday Global Account

$100 new customer bonus
Up to $50 cashback per month
Zero account fee
If you’re in the market for a new bank account then the Everyday Global Account really is packed with some standout benefits and features for spending at home and abroad including zero monthly fees, overseas ATM fees or foreign exchange commission. For a limited time new account holders will even be able to grab a $100 bonus when they deposit $2,000+ each month for 3 consecutive months into the account within the first 6 months. Plus customers will be able to earn 2% cashback on eligible purchases (up to $50 per month) when tapping and paying with Visa payWave, Google Pay or Apple Pay.
UBank USave with USpend Transaction Account

2.10% maximum rate
$0 account fees
Automatic sweep saver
Looking for a competitive place to watch your savings grow? With a maximum interest rate of 2.10%, the USaver with Ultra Transaction Account from UBank has one of the highest rates around for savers. There are no arduous requirements to get that maximum rate as savers will just need to make a $200 deposit each month and they won’t even pay any account fees. UBank even have an innovative ‘Sweep Technology’ tool that helps savers reach their monthly savings targets by sweeping cash into the USaver Account.
^See information about the Mozo Experts Choice Savings accounts Awards