Money last night awarded 18 of Australia’s standout banks and financial providers in its annual Consumer Finance Awards.
From Bank of the Year and banks that offer outstanding products for young people, savers and retirees, to the best investment property lender and margin lender, the Consumer Finance Awards are a hotly anticipated reader-voted awards program.
Here’s who took came in first:
Bank of the Year: Macquarie Bank
Bank of the Year – Digital: Up
Customer-Owned Institution of the Year: Teachers Mutual Bank
Bank of the Year – Young People: ING Bank
Bank of the Year – Retirees: ING Bank
Bank of the Year – Savers: ING Bank
Bank of the Year – Product: UBank
Bank of the Year – Customer Service: Newcastle Permanent
Non-Bank Lender of the Year: La Trobe Financial
Business Bank of the Year: Commonwealth Bank
Credit Card Issuer of the Year: Commonwealth Bank
Money Minder of the Year: Macquarie Bank
Home Lender of the Year: Macquarie Bank
Investment Property Lender of the Year: Macquarie Bank
Insurer of the Year: Budget Direct
Longevity Cover Provider of the Year: Challenger
Margin Lender of the Year: NAB
Investment Bond Provider of the Year: Generation Life
Editor-in-chief, Michelle Baltazar congratulated all winners and highlighted the importance of the awards for Money magazine’s audience.
“A typical household needs to make at least three banking decisions to manage their finances – choosing the right home loan, savings account and transaction account. Imagine the tens of thousands of dollars they can save when armed with the right information,” she said.
“Conversely, imagine the money they waste when they’re in the wrong banking product. Our Consumer Finance Awards aim to bridge that knowledge gap to help them with their banking choices.
With rate cuts predicted in the next six months, this is a great time to do a banking reset and research what’s out in the market. Our Consumer Finance Awards fast track that process by highlighting the best and brightest in the market on fees, services and innovation.”
To bring you this year's Consumer Finance Awards, Rainmaker Information worked with Money to develop a readership questionnaire to find out which banks our readers and followers used and how they rated them for products and features, customer service and more.
The questionnaire was completed by over 1800 readers voted across their 4200 banking products.
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Money empowers Australians to reach financial freedom.
Money has provided trustworthy, independent content and resources for budgeting, property, superannuation, investments, financial planning, banking and insurance since 1999. Money helps readers from all walks of life to earn more, save more and make the most of their investments.
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