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Mozo experts choice awards 2022 term deposits

Term Deposits 2022 Mozo Experts Choice Awards

Congratulations to the 2022 winners of Mozo Experts Choice Awards for Term Deposits.

See the winners

Stats crunched by Mozo Experts

View methodology report

Term deposits are a popular savings option if you have a lump sum and are happy to lock it away for a set period of time, in exchange you’ll get a higher interest rate than if it was in a regular bank account. But with hundreds of term deposits available, finding the best one for your needs can be time consuming. But that’s where these awards come in - we compare a long list of term deposits and award those that stand out from the crowd for best value, making this the perfect place for you to begin your term deposit search.

2022 Winner List


Standout Winners

Mozo experts choice awards 2022 term deposits

Term Deposit

Over 74 term deposit accounts were considered for this award. Only providers that consistently offered some of the best interest rates across short, medium, and long term investment options took home a Mozo Experts Choice Award.

Congratulations to:

abal banking, AMP Bank, Challenger Bank, G&C Mutual Bank, Gateway Bank, Judo Bank, ME, MyState Bank, and Rabobank

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What are the Mozo Experts Choice Awards?

Now in their ninth year, the Mozo Experts Choice Awards present an opportunity to highlight products in the market we believe offer great value to Australians.

For the 2022 Term Deposit awards, we analysed 100 term deposits issued by 83 Australian financial institutions.

“Finding the best term deposits can be tricky as there are so many terms and options available," Mozo Experts Choice Awards Judge Peter Marshall said.

“To help make this less daunting for everyday Australians, we developed a method for identifying the term deposit accounts that are most likely to have better rates. Our award winners serve as a great place to start whether you want to lock your money away for a few months or a few years."

For details on how we crunched the numbers and determined our winners, see the 2022 Mozo Experts Choice Term Deposits Awards methodology report.


Our Expert Judges

We couldn’t have a name like the Mozo Experts Choice Awards without a dedicated and experienced team of product data analysts at the helm. Combined they have decades of experience behind them. Meet them below.

FAQs

How do I choose the best term deposit account for me?

The best term deposit for your savings depends on how much money you have to lock away, and the length of term you’re willing to commit to. Check out our winners list to set you on the right foot in choosing the term deposit that might be right for you.

What’s the Judging Criteria for the awards?

Running since 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. See our Mozo Experts Choice Term Deposit Awards methodology report for more detailed information on how we performed product comparisons and determined the final Term Deposit Award winners for 2022.

Did you compare all term deposits in the market for these awards?

For the Mozo Experts Choice Awards, we aim to include most term deposit providers in the market. However, not every financial institution or product on the market will be included in our review. Any product we review must be available in the market at the time of our analysis.

Who are the Mozo Experts?

The Mozo Experts Choice Awards are overseen by AJ Duncanson and Peter Marshall. AJ is Mozo’s Data Director, a data scientist and actuary who has worked in financial services and product comparison for over 30 years. Peter has been in the industry even longer, and as Research Manager he leads the team of analysts that gather information and compare products every day, and perform all the calculations behind the Mozo Experts Choice Awards.

I work for a financial institution, how do we promote our win?

Please get in touch with us to discuss by email should you have any queries.