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.
When you apply for a home loan, it is ideal to have at least a 20% deposit saved up. That is 20% of the property purchase price banked and ready to pay up front.Read more savings account news
Westpac, ANZ, NAB and CommBank have already or plan to close down 350 bank branches between January 2020 and Christmas 2021.Read more bank account news
For decades it’s been the norm for Australians to reach into their wallets for a plastic debit card to withdraw cash or make a payment at the counter, but that’s about to change for customers of one bank.Read more debit card news
If you’ve been weighing up whether to take out a secured personal loan but are not really sure how this whole collateral thing works, you’re not alone. This is one of the more frequently asked questions about personal loans. We’ve sought out answers from Mozo’s banking expert, Peter Marshall, and David Norman, the chief operating officer of online personal loan lender NOW Finance, to help explain the pros, cons and key considerations when using collateral to secure a loan.Read more personal loan news
Comfort spending is all too tempting during the cold winter months, especially when you’re stuck at home during a lockdown. You may not be allowed to go outside, but you can still access the internet right? Before you know it harmless browsing turns into five things in your cart and a big dent in your savings stash. If only there were somewhere to keep your rainy day fund out of reach.Read more term deposit news
Paying down your car loan early can be a great idea, but it also might not be. The truth is, in some cases clearing car loan debt can be a savvy option and can improve your financial situation. However, in others it can have the opposite effect and impact your ability to afford things or pay off other forms of debt. Essentially, it’s all about you and where you financially stand. So what’s the right choice for you? That’s where our pros and cons list comes in handy! Read on as we weigh up the advantages and disadvantages of paying off a car loan ahead of time…Read more car loan news
Finding a way to send money overseas can be tricky. From securing the best conversion rates to dodging hefty transaction fees, there are a fair few things to think about. So choosing the cheapest international money transfer (IMT) provider is crucial if you want to keep more money in your pocket. That’s where the 2021 Mozo Experts Choice Awards for International Money Transfer^ come in.Out of 28 IMT providers (both banks and non-banks), Mozo’s experts have named the top three services for 2021, as well as the best bank for sending money overseas. The judges compared quotes from providers across a handful of different currencies, and weighed up any potential fees that could be charged to a customer making the transfer.“Out of all the IMT providers our research team compared, this year’s winners stood out with great exchange rates and minimal fees on international transfers,” Mozo’s expert judge, Peter Marshall said. When it comes to the best value IMT services, CurrencyFair, InstaReM and Wise all snagged 2021 Mozo Experts Choice Awards^ for best International Money Transfer. Meanwhile, Citi was crowned best International Money Transfer (Bank) for the sixth year in a row, and remains the only bank to have ever won in this category.“Online specialist services shone brightly again this year, as they offer competitively sharp prices when compared with similar services from traditional banks,” Marshall explained. “That being said, since 2016 when the IMT Mozo Experts Choice Awards first began, Citi has continued to dominate among the banks that offer this type of service.”Read more international money transfer news
First launched in Brisbane and now available in Sydney and Melbourne, payo is a new app that allows customers to Buy Now Pay Later (BNPL) when dining out.Read more buy now pay later news
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.
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.
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.
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.
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!