It’s that time of year again. The sixth Mozo Experts Choice Awards are well underway and our office is abuzz as we announce the top products in Australian banking.
This year AMP performed superbly, winning the title of Small Business Savings Bank of the Year and SMSF Savings Bank of the Year.
The bank has received its fair share of accolades from us in the past for its savings accounts, but it hadn’t swept so many categories like it managed to do this time around. This year saw it win in the Kickstart Savings, No Strings Savings, Small Business No Strings Savings, Term Deposit, SMSF Term Deposit, and Small Business Term Deposit categories.
Mozo’s Data Manager, Peter Marshall, said “The Experts Choice judges assess products on the value they deliver to customers, and with extremely competitive rates across a wide range of products for both businesses and SMSFs, AMP really stood out from the pack.”
So in view of its multiple wins, we decided to shine a spotlight on AMP and a selection of the winning products.
Kickstart Savings & No Strings Savings - AMP Saver Account
Mozo may receive payment if you click products on our site. Mozo does not compare the entire market.
Important disclosures
Important disclosures
Advertiser disclosure
Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge. As a marketplace business, we do earn money from advertising and this page features products with Go To Site links and/or other paid links where the provider pays us a fee if you go to their site from ours, or you take out a product with them. You do not pay any extra for using our service.
We are proud of the tools and information we provide and unlike some other comparison sites, we also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not.
'Sponsored', 'Hot deal' and 'Featured Product' labels denote products where the provider has paid to advertise more prominently.
'Mozo sort order' refers to the initial sort order and is not intended in any way to imply that particular products are better than others. You can easily change the sort order of the products displayed on the page.
We provide only general advice
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 Product Disclosure Statement (PDS) or offer documentation, or seeking independent advice. It is also advised to review Target Market Determination(TMD) of products that you are considering. The TMD can be found on the provider's website.
The AMP Saver Account took home two awards this year. Not only was it recognised in the No Strings Savings category for its competitive 2.10% interest rate, but the bonus 0.45% interest offered in the first 4 months helped it win in the Kickstart Savings category too. This recognises savings accounts that offer customers the highest return on their savings over a short period of time, and the AMP Saver Account’s total interest of 2.55% is sure to do just that.
Small Business No Strings Saver - Business Saver Account
Mozo may receive payment if you click products on our site. Mozo does not compare the entire market.
Important disclosures
Important disclosures
Advertiser disclosure
Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge. As a marketplace business, we do earn money from advertising and this page features products with Go To Site links and/or other paid links where the provider pays us a fee if you go to their site from ours, or you take out a product with them. You do not pay any extra for using our service.
We are proud of the tools and information we provide and unlike some other comparison sites, we also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not.
'Sponsored', 'Hot deal' and 'Featured Product' labels denote products where the provider has paid to advertise more prominently.
'Mozo sort order' refers to the initial sort order and is not intended in any way to imply that particular products are better than others. You can easily change the sort order of the products displayed on the page.
We provide only general advice
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 Product Disclosure Statement (PDS) or offer documentation, or seeking independent advice. It is also advised to review Target Market Determination(TMD) of products that you are considering. The TMD can be found on the provider's website.
Among business savings accounts without any strings attached, the AMP Business Saver Account was a clear standout. Not only does it offer a high 1.81% variable interest rate, it ticks a number of other boxes too, including zero account fees and unlimited phone and internet transactions. For anyone with big plans for their business, this one warrants serious consideration.
Term Deposit, SMSF Term Deposit, Small Business Term Deposit - AMP Term Deposit
Mozo may receive payment if you click products on our site. Mozo does not compare the entire market.
Important disclosures
Important disclosures
Advertiser disclosure
Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge. As a marketplace business, we do earn money from advertising and this page features products with Go To Site links and/or other paid links where the provider pays us a fee if you go to their site from ours, or you take out a product with them. You do not pay any extra for using our service.
We are proud of the tools and information we provide and unlike some other comparison sites, we also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not.
'Sponsored', 'Hot deal' and 'Featured Product' labels denote products where the provider has paid to advertise more prominently.
'Mozo sort order' refers to the initial sort order and is not intended in any way to imply that particular products are better than others. You can easily change the sort order of the products displayed on the page.
We provide only general advice
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 Product Disclosure Statement (PDS) or offer documentation, or seeking independent advice. It is also advised to review Target Market Determination(TMD) of products that you are considering. The TMD can be found on the provider's website.
AMP Bank - Term Deposit
2.75% interest for 6 month terms (balances over $25,000)
3.00% interest for 5 year terms (balances over $25,000)
AMP’s Term Deposit scored big this year, nabbing wins in the Term Deposit, SMSF Term Deposit and Small Business Term Deposit categories. This one gives savers plenty of options, with terms ranging from 1 month to 5 years, and when it comes to value it certainly delivers. Interest rates start at 1.85% and range all the way up to 3.00% if you’ve got $25,000 to put away for 5 years.
Now in their sixth year, the Mozo Experts Choice Awards take a look at all the banking products in our extensive database and reward the ones that stand out for their excellent value. Head over to our 2019 Mozo Experts Choice Awards page to see the full list of winners.
*
Different interest rates apply to different amounts or different interest payment frequencies.
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.
Power up your money know-how
Power up your money know-how
Join the 35K+ subscribers who receive our weekly Moneyzone newsletter, showcasing the latest rate movements, exclusive deals, money-saving hacks, and expert insights from Mozo.
Join the 35K+ subscribers who receive our weekly Moneyzone newsletter, showcasing the latest rate movements, exclusive deals, money-saving hacks, and expert insights from Mozo.
Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge. As a marketplace business, we do earn money from advertising and this page features products with Go To Site links and/or other paid links where the provider pays us a fee if you go to their site from ours, or you take out a product with them. You do not pay any extra for using our service.
We are proud of the tools and information we provide and unlike some other comparison sites, we also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not.
'Sponsored', 'Hot deal' and 'Featured Product' labels denote products where the provider has paid to advertise more prominently.
'Mozo sort order' refers to the initial sort order and is not intended in any way to imply that particular products are better than others. You can easily change the sort order of the products displayed on the page.
Important information on terms, conditions and sub-limits
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
