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Bank of the Year 2016

bank of the year

For the 12th year Money’s Consumer Finance awards issue reveals the financial institutions providing customers with top value in 12 key categories. Money’s research partner Canstar closely scrutinised more than 15,000 financial products and services from more than 200 financial institutions to come up with our deserving winners. As Canstar’s research manager Mitchell Watson says: “These awards are all about identifying the institutions which have excelled either overall or in particular product areas.”

This year sees a few surprises. Our Bank of the Year winner has taken the title for the first time since 2006. There are also fresh new faces in our Home Lender of the Year and the Money Minder of the Year categories.

Money would like to congratulate:

BANK OF THE YEAR

NAB

Why they won: Competitive products across a broad range of areas particularly standing out in home loans and deposit accounts

Top products: Choice Package; Base variable loan; Classic account

HOME LENDER OF THE YEAR

Queenslanders Credit Union

Why they won: Consistent value, generous features, flexibility across both fixed and variable rate products plus additional borrower discounts

Top products: Fixed-rate loan with all the features and flexibility of a variable-rate loan.

CREDIT CARD ISSUER OF THE YEAR

Coles

Why they won: Great range of credit cards for different types of credit card users including low rate, no annual fee and rewards options.

Top products: Low Rate MasterCard and Rewards MasterCard.

You can find all nine other Consumer Finance Award winners in the June issue of Money.

Written by Steph Nash

Steph Nash

Steph joined Money as a staff writer in 2015. In that year she also graduated from the University of Technology, Sydney with a bachelor degree in journalism, and was shortlisted for the university's Dame Mary Gilmore Prize for best body of work on women and social justice. Steph is the former editor of North Shore magazine Sydney Observer, and has published work for Women's Fitness and Madison magazines.

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