The results of the 2021 Australia's Best Banking Awards from financial comparison site mozo.com.au are out, and for the second year running, Qudos Bank has beaten their competitors to the prestigious title of Australia's Best Large Mutual Bank.
In order to determine the winners, Mozo's panel of judges examined data, assessments and results from multiple Mozo Experts Choice Awards over the past year up to June 2021. In total 89 banks were considered, but only the most outstanding banks, mutuals and credit unions made the final cut.
As part of these awards, Qudos Bank was judged against other large mutual banks, which are defined as customer-owned institutions with over $4 billion in residential deposits. Unlike your traditional bank, they're committed to putting their profits back towards their customers' needs instead of external stakeholders.
According to Mozo's Expert Judge Peter Marshall, Qudos Bank's versatility made them the obvious pick.
“Qudos won several Mozo Experts Choice Awards over the 12-month period that we reviewed to identify the best all-round banking providers. And for the categories where they didn't win awards, they often still performed very strongly,” he said.
On top of Qudos Bank's recent Mozo wins for products like the Lifestyle credit card, QSaver account and car loan, the mutual also ranked highly in categories including home loans and term deposits.
So whether you're looking to stash away some savings or take out a loan for your next set of wheels, you can rest assured Qudos has some of the most competitive products in the market.
“Qudos offers sharp prices for a wide range of financial product categories, and that consistency is exactly what you want if you're someone looking to have all your banking in one place,” Marshall said.
“As a member-owned bank, Qudos aims to take care of their customers by offering great value products across the board. And it looks like they're achieving this goal with this back-to-back award for Australia's Best Large Mutual Bank as evidence.”
