2024 Savings Award

Canstar releases its
2024 Bank of the Year Awards for Savings.

Released: 5 September, 2024

Congratulations to the Award winners

(Winners are listed alphabetically)

BOQ

Savings Award – Bank of the Year

Bank of Queensland (BOQ) has claimed Canstar’s Bank of the Year Award for Savings for another year in a row. The Award is attributed to BOQ’s strong performance across each savings and term deposit account types. Specifically, BOQ’s Future Saver and Smart Saver accounts offer competitively high interest rates to all customers that meet their monthly criteria. This is in addition to its competitively high term deposit interest rates, particularly for 6-12 month terms.

BOQ was founded in 1874 and remains an independent banking institution today with more than 160 branches across Australia.

Great Southern Bank

Savings Award – Customer-Owned Bank of the Year

Great Southern Bank wins its 10th consecutive Customer-Owned Bank of the Year Award for Savings, performing leaps and bounds above the rest of the customer-owned market. A testament to its strength in the Savings arena, Great Southern Bank offers several strong savings accounts to match customer saving styles and goals. Whether it’s Great Southern Bank’s Goal Saver or Home Saver, customers can be rewarded with competitively high interest rates (although certain conditions may apply). 

Previously known as CUA (Credit Union Australia), Great Southern Bank is a customer-owned bank that was established in 1946.

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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.