2022 RateCity Bank Account Gold Awards Winners

RateCity has been comparing financial products for more than 13 years, and this has enabled us to develop the market-leading Real Time Ratings™ system, the cornerstone of our awards.

RateCity’s Real Time Ratings™ gives every bank account in our database a score out of five, based on factors such as the interest earn rate, fees, features, and flexibility. Importantly, these ratings are run every day to capture product changes, including rate changes and specials, factors that are often missed by ratings and awards systems calculated at one or two points in time.

The RateCity Gold Award winners are then determined by averaging the daily Real Time Ratings™ scores over a three-month period to identify the most consistent top performers in each category. For bank accounts, we look primarily at which everyday accounts offer the most flexibility, based on features, perks and fees. We recognise that there is no 'one size fits all’ bank account, which is why we have divided up the awards into three different categories to help Australians in their decision-making process.

There some genuinely great bank accounts and Authorised Deposit-taking Institutions (ADIs) in the market, but we can't give every player a prize. ADIs need to do serious work to help customers and provide the best bank accounts in Australia. RateCity's Gold Awards highlight the best bank accounts and ADIs doing just that, to help making your decision that much easier.