Excelling in a singular financial product field is a mighty achievement for any banking institution. But when that provider offers consistently great value across the full range of Australian customer’s banking needs, it puts them in another league.

Qudos Bank has been recognised for exhibiting this kind of admirable versatility, and that’s why the Mozo experts have crowned Qudos Bank, Australia’s Best Large Mutual for 2020.

This win sits within the Mozo Australia’s Best Banking awards, which consider how banks, credit unions and mutual banks have provided outstanding value to customers and out-ranked their competitors over the last 12 months. The Mozo Experts Choice Awards judging panel trawled through the last year’s worth of data, assessments and awards to consider the competition from every angle.

Qudos Bank’s offerings were assessed in relation to other financial institutions of a similar size and structure. This means Qudos Bank wasn’t being compared to traditional banks, but instead with other customer-owned mutual banks which generate profits for members instead of external shareholders.

Considering their Mozo trophy cabinet, Qudos Bank performed particularly well across home loan offerings. Taking out wins in the Packaged Home Loan, Fixed Rate Home Loan, Split Home Loan and Investor Home Loan categories, over the last year.

This diverse award-winning home loan portfolio shows that Qudos Bank is an accessible lender for many borrower types. Whether you’re looking to lock-in a solid rate on the property you plan to live in or after an attractive loan for your property investment, there are plenty of options to consider.

The home loans which shone in the Mozo Experts Choice Awards were the Fixed Rate, Low Cost and No Frills home loans for owner-occupiers, and the Fixed Rate Home Loan for investors.

But beyond the blue ribbons, Qudos Bank has also been recognised as a conscientious performer across the board. Mozo’s expert judges noted top value in the Qudos personal loan offerings and savings accounts, as well as a range of other products. While not every single product is leading its market, Qudos Bank will likely offer at least one of every product type that Mozo is happy to recommend.

The Australia’s Best Banking awards are essentially looking for the best of the best in banking institutions across the country. The main question to consider in the awards selection process is if a customer can consolidate all of their banking needs in one place, from accessing loans and other lines of credit to growing their savings. Mozo has found Qudos Bank fulfills these criterions to the highest degree in the Large Mutual Bank category.


Peter Marshall is Mozo’s banking expert and has more than 20 years experience in the finance industry. His expert commentary regularly features across Australian media.


Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 557 AFSL/Australian Credit Licence 238 305. The information in this article is of a general nature and has been prepared without considering your objectives, financial situation or needs. Before acting on the information, consider its appropriateness to your circumstances.

Loans are subject to approval. Normal lending criteria, terms and conditions and fees and charges apply. Mortgage insurance is required for home loans over 80% and is subject to approval.

Before opening an account with us, you should read our Terms and Conditions for Savings Accounts and Payment Services and Financial Services Guide

Published June 2020