ANZ vs Westpac

Credit Cards | Home Loans Savings Accounts | Personal Loans  | Home Insurance Life Insurance | Car Insurance 

ANZ and Westpac are two of the big four banks in Australia. Both banks offer customers a wide range of financial products. So how do they compare?

Below we compare some of the products available from ANZ and Westpac: credit cards, home loans, personal loans, savings accounts, home insurance and car insurance.

What products do ANZ and Westpac offer?

Here are some of the main products ANZ and Westpac currently offer for new personal customers:

ANZ Westpac
  • Bank accounts (transaction accounts, savings accounts & term deposits)
  • Home loans
  • Credit cards
  • Personal loans
  • Travel and international 
  • Investments
  • Insurance
  • Superannuation
  • Bank accounts (transaction accounts, savings accounts & term deposits)
  • Home loans
  • Credit cards
  • Personal loans
  • International & travel
  • Share trading and investments 
  • Insurance 
  • Superannuation

ANZ vs Westpac credit cards

ANZ and Westpac offer a range of credit cards including low rate cards, low fee cards, rewards and frequent flyer cards.

If you are considering an ANZ or Westpac credit card, you can compare a snapshot of what’s available in our comparison table below. This table is based on a monthly spend of $1,000 and is sorted by the interest rate charged on purchase (lowest to highest).

Compare Other Credit Cards

ANZ vs Westpac home loans

ANZ and Westpac offer a range of home loans, including fixed rate and variable home loans. They also offer home loans for different types of borrowers including those buying a new home, those refinancing and investors. 

If you are considering an ANZ or Westpac home loan, you can compare a snapshot of what’s available in our comparison table below. This table is based on a purchase price of $600,000 for a property located in NSW, for owner occupier borrowers looking for their next home, with a 25-year loan term. Please note that this table is formulated based on Principal & Interest repayments, and is sorted by Star Rating (highest-lowest), followed by comparison rate (lowest-highest).*

*Read the Comparison Rate Warning.

Compare Other Home Loans

ANZ vs Westpac personal loans

ANZ and Westpac offer personal loans that can be used for purposes like buying a car, consolidating debt, home renovations, holidays and weddings. ANZ offers fixed and variable rate personal loans, while Westpac offers personal loans that can be fixed for one to seven years.

If you are considering an ANZ or Westpac personal loan, you can compare a snapshot of what’s available in our comparison table snapshot below. This table is based on an unsecured loan amount of $20,000 for a 3-year loan term for borrowers located in NSW, sorted by Star Rating (highest-lowest) followed by comparison rate (lowest to highest).

Compare Other Personal Loans

ANZ vs Westpac savings accounts

ANZ and Westpac offer different savings account options, including flexible savings accounts for people who want a flexible way to save and earn interest and bonus savings accounts for people who are regular savers. 

If you are considering an ANZ or Westpac savings account, you can compare a snapshot of what’s available in our comparison table below. This table is based on Canstar’s ‘flexible saver’ profile with $1,000 of current savings, located in NSW, and is sorted by Star Rating (highest to lowest).

Compare Savings Accounts

ANZ vs Westpac home insurance

ANZ and Westpac offer building insurance, contents insurance and combined home and contents insurance. ANZ’s home insurance is issued by QBE Insurance, while Westpac’s home insurance is issued by Allianz.

If you are considering ANZ or Westpac home insurance, you can compare a snapshot of what’s available in our comparison table below. This table is based on home and contents insurance for under $550,000 of cover for building and contents, for people located in NSW or ACT and aged less than 50 years old. The table is sorted by star rating (highest to lowest).

Compare Home Insurance Policies

ANZ vs Westpac car insurance

ANZ and Westpac both offer comprehensive car insurance and third party property damage car insurance. ANZ also offers third party property damage, fire and theft cover. ANZ’s car insurance is issued by QBE insurance, while Westpac’s car insurance is issued by Allianz.

If you are considering ANZ or Westpac car insurance, you can compare a snapshot of what’s available in our comparison table below. This table is based on insurance cover for male drivers aged 30-39 years old who live in NSW, with no extra driver under 25 years old on the policy. The table is sorted by star rating (highest to lowest).

Compare Car Insurance Policies

Before applying for any financial product, consider reading the relevant product documents on the ANZ and Westpac websites including the Product Disclosure Statement (PDS) and Target Market Determination (TMD) where relevant.

Written by: Tamika Seeto | Last updated: December 22, 2021