With the new financial year upon Australia, a lot of people are thinking of ways to kickstart it in money-saving fashion.

Research conducted by Mozo may just have the answer as it uncovered that Australians can actually save more than $1,000 in a year by picking the right bank to bundle their products with

But the data also exposed that a lot Aussies are already on the right path, with 4 in 5 customers having more than one product with their main bank, while half of customers conduct all their banking with just one provider.

“When it comes to banking, many Australians like to stick all their eggs in one basket, with a tendency to gravitate towards the Big Four banks. Mozo research has found that you could save more than a thousand dollars each year simply by opting for a better value bank that is competitive across a number of product categories,” said Mozo Director, Kirsty Lamont.

At the moment, 80% of Aussies bank with one of the four biggest banks in the country, with two in three bundling their products, despite being ranked lower than smaller banks for customer approval, service and trust.

So to make sure that Australians were getting the best services possible, Mozo took a close look at banking products from 117 providers to find out which provider delivered the best value.

When categorised for value and convenience, Me came away as Australia’s Best Mozo Expert Choice winner.

“There’s no reason to play it safe and stick with uncompetitive interest rates and fees, simply to enjoy more convenient banking. The average customer relationship with a bank now spans 10 years indicating banking loyalty is well and truly prevalent in our current banking culture, and customers are losing out on serious savings,” Lamont explained.

“Consumers could save up to $1,600 annually by switching to ME’s best variable home loan, credit card and savings account compared with the market average.”

So if you are looking to start the new financial year with a top-flight bank, why not do it with one of the nation’s finest, which is coming straight off the Mozo Experts Choice winners circle?

And if you are having trouble managing your finances (and these days, who isn’t?), consider tapping the aid of a professional. Here’s where the help of a financial planner can possibly get you and your finances on track.