Australia's leading banking products recognised in 2021 Consumer Finance Awards

SUNCORP has been recognised as ‘Bank of the Year’ for the fourth consecutive year in the 17th Consumer Finance Awards, published by Money magazine.

The annual awards help Australians find the top performers in each category so they can bank, borrow and invest with the best. The awards recognise the leading financial institutions across 21 categories.

Notable award winners were Suncorp (Bank and Business Bank of the Year), Budget Direct (Insurer of the Year), ME Bank (Money Minder of the Year) and Bendigo Bank (Home Lender of the Year).

Suncorp, Budget Direct, ME Bank, Police Bank, La Trobe Financial, Greater Bank, Move Bank, Bank First and Freedom Lend all retained their awards from 2020.

The winners are recognised for their competitive pricing for Australians and consistent focus on the markets they serve.

The collection of winners and finalists are selected after a rigorous data-driven analysis assisted by research leaders Rainmaker Information and data provider InfoChoice.

"With COVID-19 hitting our bank balances hard, your choice of finance provider could make the difference between shaving years of your loan or wearing those mortgage boots for longer," said Michelle Baltazar, editor-in-chief of Money magazine.

"We congratulate our winners for giving more Aussies the chance to fulfil their dreams, whether it's buying property for the first time or financing a small business, through better banking deals."

Julia Newbould, managing editor of Money magazine, congratulated the winners by saying, “it was good to see a lot of winners from previous years still performing at the top of our lists - it shows that they are committed to continuing to look after their members' best interests. It was also great to see new players emerge in these competitive categories. A competitive market is always going to be a win for consumers.”

The full results of the Consumer Finance Awards are published in the July issue of Money magazine, on sale from Thursday, July 1, 2021.

Also in the July issue of Money is Good Debt, Bad Debt, looking at how borrowing money can have a positive effect on your financial future.

And Paul Clitheroe writes a special feature on spotting frauds: 'If it sounds too good to be true, it probably is'.

Category	Winner
Bank of the Year	Suncorp
Business Bank of the Year	Suncorp
Customer-Owned Bank – Credit Card Issuer of the Year	Bank First
Credit Card Issuer of the Year	Bank of Melbourne
Non-Bank - Credit Card Issuer of the Year	Coles
Home Lender of the Year	Bendigo Bank
Non-Bank Home Lender of the Year	Reduce Home Loans
Customer-Owned Bank - Home Lender of the Year	Sydney Mutual Bank
Customer-Owned Institution of the Year	Greater Bank
Insurer of the Year	Budget Direct
Investment Lender of the Year	Adelaide Bank
Non-Bank - Investment Lender of the Year	Freedom Lend
Customer-Owned Bank - Investment Lender of the Year	Police Bank
Non-Bank Lender of the Year	La Trobe Financial
Margin Lender of the Year	Leveraged Equities Limited
Customer-Owned Bank – Money Minder of the Year	Heritage Bank
Money Minder of the Year	ME Bank
Non-Bank – Money Minder of the Year	Newcastle Permanent
Non-Bank - Personal Lender of the Year	Alex
Personal Lender of the Year	HSBC
Customer-Owned Bank - Personal Lender of the Year	Move Bank

 

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