Six banks are recognized for outstanding performance and value
Leading financial comparison site Mozo has revealed the winners of its 2024 Mozo Experts Choice Awards, highlighting the best banks for Australian consumers. The awards recognise six banks across various categories, reflecting the diverse needs and preferences of customers throughout the country.
First-time winners People First Bank and Regional Australia Bank join ING, Commonwealth Bank, Police Credit Union, and Easy Street in receiving top honours for 2024.
The evaluation process for the awards involved a detailed analysis of various financial products, including home loans, personal loans, savings accounts, term deposits, and credit cards. Mozo experts reviewed 85 Authorised Deposit-taking Institutions (ADIs), with 55 of them having won at least two Mozo Experts Choice Awards in the past year.
Here are comments from Peter Mashal (pictured above), Mozo Experts Choice Awards judge.
Australia’s Best Bank: ING
ING is recognized for its consistent performance and broad appeal, offering a comprehensive suite of products such as the Packaged Home Loan, Exceptional Everyday Account, and High-Interest Savings account, all providing exceptional value.
Australia’s Best Customer Owned Bank: People First Bank
Following a merger, Heritage and People’s Choice have established a new standard in customer-owned banking with top-notch home loans and competitive savings, credit card, and personal loan products.
Australia’s Best Small Customer Owned Bank: Easy Street
Easy Street has demonstrated exceptional performance with highly competitive home loans, savings accounts, and credit cards, winning five Mozo awards this year.
Australia’s Best Regional Customer Owned Bank: Regional Australia Bank
With a strong presence in regional New South Wales, Regional Australia Bank has shown exceptional service and value, winning four awards and highlighting their commitment to excellence across key financial products.
Australia’s Best Credit Union: Police Credit Union
Police Credit Union stands out for its outstanding home and personal loan offerings, securing six awards over the past year, which underscores their quality and innovation.
Australia’s Best Major Bank: Commonwealth Bank
For those who prefer banking with one of the Big 4, Commonwealth Bank has been named Australia's Best Major Bank. Winning seven Mozo awards across various categories demonstrates their top-tier banking services.
