2024 Everyday Banking

Canstar releases its
2024 Bank of the Year Awards for Everyday Banking.

Released: 5 September, 2024

Congratulations to the Award winners

(Winners are listed alphabetically)

Australian Military Bank

Everyday Banking – Customer-Owned Bank of the Year

A new Award winner, Australian Military Bank moved up the ranks significantly in 2024, taking out Canstar’s number one spot for Customer-Owned Bank of the Year Award for Everyday Banking. Its standout product, the Military Rewards Account, boasts a rewarding cashback program, no annual or service fees. Australian Military Bank’s win is further supported by the consistent performance of its Low Rate Visa Credit Card.

Established in 1959, Australian Military Bank is Australia’s longest serving defence financial institution. The customer-owned bank is open to the general public but caters to Australian Defence personnel and their families.

HSBC

Everyday Banking – Bank of the Year

HSBC continues to dominate the transaction space with its Everyday Global Account, which holds a firm lead in the transaction market due to its fee-free transactions and cashback program on purchases under $100. Contributing to its performance is also HSBC’s Premier World Mastercard (Rewards plus), which has no annual fee, competitive rewards earning and complimentary insurance benefits.

HSBC is a banking and financial services organisation, operating in 63 countries and territories across the world. Founded in 1865 in Hong Kong and Shanghai, HSBC first started operations in Australia in 1965.

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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.

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.