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Gateway leading the pack on savings accounts

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Australia’s Best Credit Union continues to be recognised for offering best value to consumers

Sydney, 20 February 2017: Gateway Credit Union has been awarded two prestigious Mozo Experts Choice Awards in the categories of ‘Everyday Banking’ for its Edge Account and ‘Pocket Money Saver’ for its Dollaroo Kids Account.

The Mozo Experts Choice Awards is an initiative that recognises Australia’s best value products, with the aim of helping Australians to save money by making more informed financial decisions.

In the category of ‘Everyday Banking’, Mozo acknowledged Gateway’s Edge Account for its ability to serve as a savings and personal overdraft account all in one. With no account keeping fees, it offers a competitive interest rate on savings, as well as the option for an approved personal overdraft, giving Members access to extra funds when they need it.

Likewise, the Dollaroo Kids Account, which was awarded as a winner in the ‘Pocket Money Saver’ category, was praised as an easy way for kids to develop life-long saving habits. With no minimum balance, competitive interest rates, unlimited deposits, no account keeping fees and a quarterly newsletter; it helps kids under the age of 16 to engage with saving in a fun way.

On speaking about the awards, Gateway’s CEO, Paul Thomas, said the independent recognition was a true testament to Gateway’s continued commitment to offering better products for the benefit of Members.

“Last year, Mozo honoured us with the title of ‘Australia’s Best Credit Union’ thanks to a sweep of wins in the Experts Choice Awards across our product suite. To continue this successful run into 2017 with further recognition for our Edge Account and Dollaroo Kids Account tells me we’re doing something right,” said Mr Thomas.

Mozo Director, Kirsty Lamont, commented: “With over 338 deposit account products compared by our banking experts, to be awarded an Experts Choice Award is an indication of the overall value that these products offer over competitor products in the market."

“At the end of the day we want to help Australians build their wealth, not hinder them. The products we offer – such as the Edge Account and Dollaroo Kids Account – are designed to facilitate this process. As award winning products, they serve as proof that we’re operating true to our values,” concluded Mr Thomas.

In carrying out the Mozo Experts Choice Awards, Mozo analysed 338 deposit account products issued by 78 Australian financial institutions based on data contained in Mozo’s product database.

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About Gateway Credit Union

Gateway Credit Union is one of Australia’s leading customer-owned banking institutions, serving as a trusted financial partner to its Members for over 60 years’. With over 30,000 Members across the nation, it offers award-winning personal banking products from home loans, car loans, and personal loans to fee free bank accounts, high interest savings accounts and term deposits. With a strong focus on empowering its Members to achieve their hopes and dreams, the Gateway name is synonymous with trust, transparency and reliability.

About the Mozo Experts Choice Awards

The Mozo Experts Choice Awards are an initiative that recognises Australia’s best value products and helps Australians to save money by choosing better products. Experts Choice Awards are given to those products that represent the best value in their category. In carrying out the Mozo Experts Choice Awards in Deposit Accounts we analysed 338 deposit account products issued by 78 Australian financial institutions based on data contained in Mozo’s product database as at 31 December 2016. For the full list of winners and Awards methodology, visit: https://mozo.com.au/expertschoice/best-bank-accounts

About Mozo.com.au

Mozo compares 1,800 products from 200 banking, insurance and energy providers to help over 300,000 Australians find a better deal each month via its award winning comparison tools and calculators. Mozo is proud to partner with some of the country's biggest online publishers, making it one of the most visited comparison sites in Australia.