June 10, 2011
Moving up from second place in 2010, Money declared NAB the winner in this category based on their “excellent range of mortgage products.” Money rated NAB’s Choice Package as the best product in variable, and in one to three-year fixed profiles. The Home Equity Line Credit loan was also a winner.
In the non-bank home lender category, State Custodians Mortgage Company won based on their broad range of home and investment loans, which offer plenty of extra features without exorbitant charges.
For the second year running, the Commonwealth Bank was awarded Bank of the Year. Money says the judgement was awarded based on best overall value on a comprehensive range of products including its Wealth Package, Goal Saver and Award credit cards. The CBA also won best Banking Website of the Year.
Credit Union of the Year went to the Victoria Teachers Credit Union for their low rates on personal and car loans and competitive rates on savings accounts.
The Hume Building Society won building society of the year with a range of best products including their iSave, Value Visa, personal loan interest rates starting at 11 percent, and Professional Cash Management Trust.
In partnership with Canstar Cannex, Money magazine’s judges arrived at their decision after scrutinising over 19,000 financial products from more than 300 institutions.
Related mortgage links