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Finder Banking Awards 2023

Recognising Australia’s best banking and savings accounts through comprehensive, objective analysis.

The Finder Banking Awards 2023 celebrate Australia's best transaction, savings and term deposit accounts. Using 12 months' worth of data, Finder's experts have analysed the rates, fees and offer details for every account in our database – that's hundreds of accounts! Check out the winners for the best banking products below.

Finder Awards Logo Finder Banking Awards 2023 Winners

Best Savings Account Best Savings Account

The best savings accounts category is awarded to savings accounts with the highest savings rate over a 12 month period.

Finalist Savings Account Highly Commended

Virgin Money Boost Saver (25+ year olds)

Virgin Money Boost Saver (25+ year olds)

The Virgin Money Boost Saver account also had one of the best ongoing bonus rates in the market throughout 2022. This account currently offers an ongoing, variable rate of 5.05% when the conditions are met, plus an additional 0.3% when the Lock Saver feature is enabled.

MyState Bonus Saver

MyState Bonus Saver

The MyState Bonus Saver has a combination of a great rate and simple, easy-to-achieve account conditions to earn it. You can earn an ongoing variable rate of 5% when you deposit just $20 per month and make 5 debit card transactions.

Best Young Adult Savings Account Best Young Adult Savings Account

The best young adult savings account category is awarded to savings accounts with the highest savings rate and for people aged between 18 -30 year olds.

boq logo

Bank of Queensland Future Saver

The Bank of Queensland Future Saver Account is available for those aged 14-35, which is a larger age bracket than most other savings accounts designed for young adults. The account has consistently had one of the highest total bonus rates in the market over the last 12 months, and currently offers up to 5.5% p.a. Plus, this rate is available on balances up to $50,000 which is higher than other accounts tailored for young adults.

How we chose the best savings account for young adults

Finalist Young Adult Savings Account Highly Commended

westpac logo

Westpac Life (18-29 year olds)

The Westpac Life account consistently had one of the highest, if not the highest rate for young adults in 2022, and still remains one of the highest today. This account currently offers 5.2% for customers aged 18-29 when you grow your balance in the month (by any amount) and make 5+ debit card purchases from your linked Westpac Choice account. This bonus rate is available on balances up to $30,000, which is a bit lower than Bank of Queensand's product.

virgin money logo

Virgin Money Boost Saver (18-24 year olds)

This account offers an ongoing bonus rate of 5.35% when the account conditions are met, plus an additional 0.3% when Lock Saver Feature is enabled. You can also earn this ongoing bonus rate on balances up to $250,000.

Best Kids Savings Account Best Kids Savings Account

The best kids savings accounts category is awarded to savings accounts with the highest savings rate and for people aged between 0 -17 year olds.

Finalist Kids Savings Account Highly Commended

virgin money logo

Virgin Money Boost Saver (14-17 year olds)

This account offers an ongoing bonus rate of 5.05%, plus an additional 0.3% when Lock Saver Feature is enabled.

australian mutual bank logo

Australian Mutual Bank Young Saver Account

This account currently offers an ongoing bonus rate of 5.5% for under 18s, on balances up to $5,000.

Best Transaction Account Best Transaction Account

The best transaction accounts category is awarded to transaction accounts. This category looked at ATM fees, international fees and overall value of the account.

macquarie logo

Macquarie Transaction Account

The Macquarie Transaction Account has no account keeping fees, no international ATM fees and pays a refund on any local ATM fees charged. However what really makes this account unique is that it pays a high interest rate of 4.75% p.a. on balances up to $250,000, with no conditions to meet and complete access to your money.

How we chose the best transaction account

Best Travel Debit Card Award Best Travel Debit Card Award

hsbc logo

HSBC Everyday Global Account

The HSBC Everyday Global Account has no account keeping fees, no international transaction fees and access to free ATMs around the world. However what really makes this account a great travel option is that you can hold up to 10 different currencies in the one account. This allows you to top up on a particular currency while the exchange rate is good, then spend in that local currency while you're overseas.

How we chose the best travel debit card award

Best Term Deposit (12 months) Best Term Deposit (12 months)

The best term deposit category is awarded to the term deposit offering the highest interest rate for a 12-month period

judo bank logo

Judo Bank 12 month term deposit

The Judo Bank 12-month term deposit was the highest rate in the market for the most amount of months in 2022. Currently you can earn 5.25% on a 12-month term with this account. You can open this term deposit with a low minimum balance of just $1000, and there's also a 0.10% p.a. loyalty bonus available if you roll over your term.

How we chose the best term deposit

Highly Commended

amp logo

AMP Term Deposit ($5000+)

The AMP 12-month term deposit had the next highest rate in the market for the most amount of time in 2022. Currently you can earn 5% with this account. This rate is available on balances of $5000 or more.

gateway logo

Gateway Bank Term Deposit

The Gateway Bank 12-month term deposit had the third highest rate in the market for the most amount of time in 2022. Currently you can earn 5.15% with this account. This rate is available on balances of $1000 or more.

Why you can trust our awards

expert advice

Expert analysis

Our banking award winners are based on 200+ hours of research by our expert authors and insights team.
help

They're comprehensive

We researched 200+ banking products including transaction accounts, savings accounts and term deposits.
independent

They're independent

Some winners may be partners but this never influences our decisions. All policies are based on a clear methodology and must meet editorial standards.
free

We're here to help

We've published 100+ guides and our in-house experts regularly appear on Sunrise, 7News and SBS News.

🧪 Methodology: How we chose our Finder Award Winners

Our team of expert analysts use an objective rating system to determine our award winners.

  • Accounts / institutions which charged a fee were excluded
  • Accounts marketed to a select (non-category) audience, e.g.: pensioners only, were excluded
  • Data was gathered for 12 months, and products without 12 months of data were excluded (excluding term deposit category)
  • We exclude any accounts that are only available to a certain subset of customers based on location
  • We exclude any restricted accounts

Meet our experts

Alison Banney

Alison Banney


Alison Banney - Editorial manager, Money


Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving.
Saranga Sudarshan awards analyst

Saranga Sudarshan


Insights Analyst, Finder Awards


Saranga is responsible for gathering the data that fuels the Finder Awards. He ensures our winners are based on facts, not biases.

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