Mighty Mutual and Retirement Account has been crowned the nation’s best value deposit account in the annual Mozo Experts Choice Deposit Awards.

“Now in their fifth year, Mozo’s Awards continue to help Australians reliant on generating a decent return from their savings get the best value possible,” says Kirsty Lamont Mozo Director.

“When it comes to deposit accounts The Mutual’s Mighty Mutual and Retirement Account was the stand out performer with its competitive interest rates and no monthly service fee.”

Mozo’s experts analysed 680 deposit accounts from 70 providers including savings, term deposits and self-managed super funds.

“It’s clear that mutuals and challenger banks once again are offering the best value for customers,” Lamont says.

“So if you are one of the many Australians locking your money up with one of the Big 4, it pays to do your research and seek out the best deal you can.”

To recognise the outstanding value for cardholders Mozo awards The Mutual’s Mighty Mutual and Retirement account best value for Pocket Money Saver and Pensioner Account.About the Mozo Experts Choice Awards

The Mozo Experts Choice Awards are an initiative that recognises Australia’s best products and helps Australians to save money and choose better products. Experts Choice Awards are given to those products that represent the best value in their category. In carrying out the Mozo Experts Choice Awards in Deposit Accounts we analysed 680 products issued by 70 Australian financial institutions based on data contained in Mozo’s product database as at 31 December 2018. For the full list of winners, visit: https://mozo.com.au/expertschoice/best-savings-accounts

About Mozo.com.au

Mozo compares more than 1,800 products from over 200 banking, insurance and energy providers to help thousands of Australians find a better deal each month via its award-winning comparison tools and calculators. As one of the most visited comparison sites in Australia, our team of experts routinely provides financial commentary and advice for major news outlets in Australia.