2024 Savings Accounts, Transaction Accounts and Junior & Youth Banking Awards
Australia’s biggest comparison site, Canstar, releases its
2024 Savings and Transaction Accounts and Junior & Youth Banking Awards.
Released: 11 April, 2024
About the Savings and Transaction Accounts Awards
Canstar’s Savings Account and Transaction Account Awards are based on our Star Ratings. They recognise the financial institutions that provide outstanding value to Australian consumers through their suite of savings and transaction products; including a separate category for Junior & Youth Banking Awards.
Learn more about our Award methodology.
Numbers crunched by Canstar Researchers
- 63 providers assessed
- 325 products rated
- 23 award-winning providers
Read our methodology →
View the full Savings Account Star Ratings results →
View all Star Ratings and Awards →
About this year’s awards
To determine the winners, Canstar’s Research Team assesses each financial institution’s savings and transaction products, using our sophisticated ratings methodology unique to Canstar. Our methodology has a customer-focused approach. A product’s total score consolidates its price and flexibility with its features, to form an overall view that reflects a customer’s journey—beginning from researching the product, to account opening, to account usability and features, to closure.
To be eligible for Canstar’s Savings and Transaction Accounts and Junior & Youth Banking Awards, deposit account products and financial institutions must meet Canstar’s eligibility requirements.These are then assessed against nine consumer profiles, each with unique eligibility criteria, that reflect a range of transacting and saving styles.
Does Canstar rate other products?
Insurance
Accounts and Transfers
About Canstar
Canstar also has insights and information about financial products and services generally. You can find out about topics such as: interest rates, buy now pay later (BNPL), business products and tax. You may also be interested in discovering more about calculators and resources, such as our rate checker and free credit score tool, to help you with your financial decision-making.
FAQs
About: Josh Sale, Group Manager, Research & Ratings
Bachelor of Commerce, Economics/Finance dual major, Griffith University. Master of Data Science, Strategy and Leadership, RMIT (ongoing studies)
Joshua Sale is responsible for developing the methodology and delivering Canstar’s flagship Star Ratings, as part of Canstar’s Research team. With tertiary qualifications in economics and finance, he enjoys helping Australians find more suitable financial products by transforming complex calculations into a consumer-friendly Star Rating that explains the values and benefits of different financial products.
As one of Canstar’s company spokespeople, Joshua has participated in print, radio and broadcast interviews with the likes of the Australian Financial Review, news.com.au and Money magazine, along with other leading media outlets, discussing topics such as home loan equity, banking incentive schemes, digital wallets and wider finance trends.
Joshua is known for his ability to simplify complex products and technical information, crunching the data into meaningful insights for consumers about finance. He has analysed several consumer markets across banking, insurance and wealth, and is keenly interested in various topics, ranging from how Australians interact with their superannuation funds, to the dynamic nature of the health insurance market, and collecting and redeeming credit card reward points.
Joshua believes that knowledge is the first step towards empowerment. Even while studying, he facilitated peer-assisted study sessions for economics, and represented his University’s Business School in an academic committee.
You can follow Josh on LinkedIn, and Canstar on Twitter and Facebook.