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.

Latest Banking News

Accessible banking features in 2020

Accessible banking features in 2020

When talking about accessibility, our minds often turn to the physical world first –  railings, ramps or signage, for example. Indeed, in the banking world, these more tangible features are present and often advertised the most when financial institutions promote themselves as ‘inclusive’ organisations. 

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Australias best car loans

Australias best car loans

From Mazdas to Corollas to BMWs, Aussies are spoilt for choice when it comes to finding their dream car. But for many drivers, picking up the right set of wheels is only half of the job, the next step is finding the right car loan. The good news is Mozo has just unveiled its best car loans for this year in its 2021 Mozo Experts Choice Car Loan Awards!Our judges sifted through 89 personal loan products from 88 financial institutions and performed a series of calculations to find the car loans that were not only top value, but budget-friendly.“Purchasing a car is often recognised as a financial milestone for many people, so having the right car loan under your belt is essential,” said Mozo Experts Choice Judge, Peter Marshall. “With the range of options available, finding the right product can be difficult. Our awards aim to help Australians with their search by highlighting the products we believe are worth shortlisting.”So without further delay, introducing the winners for the 2021 Mozo Experts Choice Car Loan Awards.

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Afterpay accepts amex tips to using a credit card with buy now pay later this christmas

Afterpay accepts amex tips to using a credit card with buy now pay later this christmas

Planning to spread the cost of Christmas using Buy Now Pay Later (BNPL)? Well, just in time for the holiday spending season, credit card giant American Express has announced a new partnership with BNPL powerhouse Afterpay. According to Amex, customers can now use their credit cards to earn rewards points on Afterpay payments. All they need to do is set up their card as a payment option. The truth is, using your credit card for BNPL can be tricky business, so it’s important to know exactly how to manage your repayments and avoid further debt. 

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How did australian banking change in 2020

How did australian banking change in 2020

The coronavirus pandemic and resulting economic crisis have forced business to re-examine, if not completely overhaul the way they operate, and few sectors have pivoted as emphatically as the banking sector.Today, the Australian banking world looks a lot different than it did a year ago. From mortgage deferrals to new payment methods, rock-bottom interest rates to stricter credit controls, we look at some of the ways banks have adapted in 2020.

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Sending money overseas this christmas what you need to know

Sending money overseas this christmas what you need to know

As anyone with loved ones overseas can attest to, spending Christmas away from family is tough. But with travel bans and border closures still in place, that may be the reality for many Australians this year. Still, there’s no need to hit ‘cancel’ on celebrations just yet. Besides navigating time zones to Skype call your nan or sister on Christmas Day, if you’re looking to treat your loved ones to something extra special this festive season, cash is a popular gift option. Given the convenience, speed and low cost of international money transfers, it’s little surprise that they’ve become an attractive avenue for migrants looking to support - or in this case, pleasantly surprise - family back home. In fact, in 2019, Australians sent a whopping $7.44 billion across the globe according to the World Bank.  But before you send off your first batch of cash, it’s worth doing your research on things like how to pick the right provider for your transfer and the biggest traps you’ll want to avoid. To keep you in the know, we’ve answered some of the burning questions you might have about Christmas money transfers below. 

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Renovating in 2021 a personal loan could be what you need

Renovating in 2021 a personal loan could be what you need

Ready to leave 2020 in the past and have a full on 2021 refresh? Join the crowd!  While we can’t help you with things like getting fit, finding love or kicking lingering lockdown habits, maybe home renovations is on your list of next year’s to-dos.Depending on whether you are planning a whole house makeover or simply sprucing up the kitchen, the cost of your renovation is essentially up to you and your budget. If you’ve collected all your 2020 savings and you have enough to cover your planned reno, well done! But if not, you might want to consider your lending options to cover some of the costs: one being a personal loan. “It’s no secret that renovations can be expensive, so Aussies looking to give their home a facelift need to get savvy when it comes to covering what can be a hefty price tag,” Mozo Director, Kirsty Lamont says. “With some personal loan rates sitting below 4%, now could be the time to take advantage of low rate lending. But, it’s important to stick to a budget when borrowing for renovations and to make changes that will increase the overall value of the property when it comes time to sell.” 

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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!

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