Banking

Navigate the banking maze with ease. We compare interest rates, fees and product details of hundreds of retail banking products from Australia’s big banks, mutual banks, neobanks and credit unions. Brush up on financial lingo via our guides, crunch numbers with our suite of financial calculators and comparison tools, we’re here to help you get a more competitive banking deal.

Latest Banking Guides

We’ve crunched the numbers, read the fine print and researched hundreds of products. Penned by Mozo’s team of money experts, our banking guides help you uncover smart ways to save and get a better deal on your finances.

Fixed interest vs variable interest

Fixed interest vs variable interest

See all home loan guides
Pros and cons of a debt consolidation loan

Pros and cons of a debt consolidation loan

See all personal loan guides
Mitsubishi finance

Mitsubishi finance

See all car loan guides
How long does it take to transfer money overseas

How long does it take to transfer money overseas

See all international money transfer guides
Travel credit cards for students and backpackers

Travel credit cards for students and backpackers

See all credit card guides
Premium rewards cards

Premium rewards cards

See all rewards credit card guides
How do you compare savings accounts

How do you compare savings accounts

See all savings account guides
What is a cash management account

What is a cash management account

See all bank account guides
Debit Cards vs. EFTPOS - what’s the difference?

Debit Cards vs. EFTPOS - what’s the difference?

See all debit card guides
What happens to your term deposit if your bank closes

What happens to your term deposit if your bank closes

See all term deposit guides
Are neobanks safe?

Are neobanks safe?

See all neobank guides

Latest Banking News

How to open kids and youth high interest savings accounts

How to open kids and youth high interest savings accounts

Signing your kids up to a high interest savings account can be a great way of getting them started on their saving journey. Not only do they get a good idea about how to manage their money but they also discover the rewards from a high interest rate savings account. 

Read more savings account news
Credit cards to help with christmas costs

Credit cards to help with Christmas costs

There are a lot of costs associated with the Christmas period. From presents, food, drinks and Christmas events, it can all really add up and put a strain on your wallet. 

Read more credit card news
Fewer young aussies own a home now   how to beat the odds

Fewer young Aussies own a home now - how to beat the odds

Owning a home in Australia remains an aspiration for many - the Great Australian Dream is still a dream. 

Read more home loan news
Electric vehicles coming to australia

Electric vehicles coming to Australia in 2024

Considering switching to an electric vehicle in 2024? In Australia, we’re seeing an increasing number of electric and hybrid cars on the roads. So if you thought that Tesla was your only option, think again. 

Read more car loan news
Can you still get a good rate on a 5 year term deposit

Can you still get a good rate on a 5-year term deposit?

Interest rates had some of their steepest growth in the past two years, with term deposits ending up with some pretty high rates. However, with the RBA holding rates for the past few months and CPI inflation slowing, many economists are predicting rate cuts for later in the year. 

Read more term deposit news
Bank accounts have had a major glow up is it time to switch

Bank accounts have had a major glow-up: Is it time to switch?

When you think of your bank account, you likely think of three key things. Has my pay gone into the account, what’s the current balance, and wow, do I really spend that much on sushi? 

Read more bank account news
Why debit card payments matter to both shops and shoppers

Why debit card payments matter to both shops and shoppers

Many of us are over physical money – some never even carry it. Check your wallet right now, it’s likely padded with debit cards but light on notes.

Read more debit card news
Ways to make your home renovation dream come true

9 ways to make your home renovation dream come true

It’s no secret that renovating your home has the potential to cost a lot of money. But it doesn’t have to. Contrary to popular belief, it is possible to spruce up your space without spending a fortune.

Read more personal loan news
Is there an average speed on international transfers

Is there an average speed on international transfers?

As consumers of the 21st century, we are used to getting everything the minute we need it. It’s the same with international transfers, especially during an emergency. 

Read more international money transfer news
Meet frollo australia s best money management app for 2023

Meet Frollo: Australia's Best Money Management App of 2023

Keeping track of your expenses and budget progress has advanced beyond spreadsheets, with the right tools being a huge asset to your financial goals. 

Read more neobank news
Is buy now pay later putting you at risk

Is Buy Now Pay Later putting you at risk?

Australians have been enthusiastic users of Buy Now Pay Later services, with RFIGlobal research showing that some 40% of Aussies regularly use BNPL as a payment method. Now the BNPL is to be regulated under the National Credit Act, it’s worth considering whether the rewards of Buy Now Pay Later outweigh the risks. 

Read more buy now pay later news

Calculators

Save money on your banking

Mozo, Australia's money saving zone, helps you to start saving money by comparing retail banking products like home loans, insurance, savings accounts, credit cards and much more. If you want excellent money saving ideas, we have you covered.

Find out which financial products and services are the best for your situation. Whether you are a student looking for financial advice or a new home owner trying to choose the best loan - there is advice and tips on saving money on the Mozo that will make life easier for you.

Managing your money with Mozo

Money saving deals are everywhere but you need to know where to find them. Rather than trawling through all of the financial institutions' website, turn to Mozo, where you can find the right deals for you - that's the best way to save money when organising a new loan or term deposit. You could also join the Mozo community,

Need to know how much pocket money is a good amount for child? Or do you need advice on a particular loan decision? No matter how big or small your question  Mozo's team of money experts will be able to answer your query.

Need some tips?

Saving money always sounds like a plausible plan, until that unexpected bill comes along! Good money management is a skill that everyone wants, but in reality they may find it hard to actually put into action.

Mozo offers an extensive catalogue of banking and financial reviews, blogs and feature money articles to help you learn how to manage your money. Our articles cover everything from getting a cash management account to exchanging foreign currency for your next big holiday. If you are after up-to-date money saving ideas, then check out these articles - they offer expert advice at the click of a mouse.

Use our banking tools to get your money sorted

If you need ways to help you manage your money you've come to the right place. The first step is to create a budget - our budget calculator can help you work out where you could trim back your expenses to bring your debts under control. Once you feel like you're in charge of your financing, use our savings calculator to start saving for the things you really want - or, if you're ready to make that next big step, use the home loan calculator to see if you're able to buy a house.

Doing things the easy way

These are easy ways to save money - getting advice from the experts and taking advantages of online calculators and searches to work out what the best way for you to save money is - and which financial institutions can provide the best product for you!

Icon of chart

Rate and review

See which banking customers are rating and hating or join in on the conversation.