NAB vs Commonwealth Bank

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

NAB and Commonwealth Bank (CommBank) are two of the Big Four banks in Australia. Banking with these two institutions can offer you a large range of financial services. So should you choose NAB or Commonwealth Bank?

Below we compare some of the services available from NAB or Commonwealth Bank: Credit Cards, Home Loans, Savings Accounts, Superannuation, Personal Loans, Home & Contents Insurance, Life Insurance, Car Insurance, and Travel Insurance.

Services offered by NAB and Commonwealth Bank

NAB Commonwealth Bank (CommBank)
·       Credit cards

·       Home loans

·       Bank accounts (savings account, transaction account)

·       Superannuation

·       Personal loans

·       Home & contents insurance

·       Life insurance

·       Car insurance

·       Travel insurance

·       Landlord insurance

·       Investment products

·       Loan & credit repayment insurance

·       Credit cards

·       Home loans

·       Bank accounts (savings account, transaction account)

·       Superannuation

·       Personal loans

·       Home & contents insurance

·       Life insurance

·       Car insurance

·       Travel insurance

·       Term deposits

·       Investment products

·       Loan & credit repayment insurance

NAB vs Commonwealth Bank Credit Cards

NAB and CommBank both offer a large range of credit cards including Low Rate Cards, Low Fee Cards, Rewards Cards, and Premium Cards.

If you are considering a NAB or Commonwealth Bank credit card, you can compare 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 purchases rate (lowest to highest).

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NAB vs Commonwealth Bank Home Loans

NAB and CommBank both offer a large range of home loans, including fixed rate and variable rate loans. If you are considering an NAB or Commonwealth Bank home loan, you can compare 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 variable loan term. Please note that this table is formulated based on Principal & Interest repayments, and is sorted by comparison rate (lowest to highest).*

*Read the Comparison Rate Warning.

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NAB vs Commonwealth Bank Savings Accounts

NAB and CommBank both offer a large range of savings accounts including regular savings accounts, online savings accounts, junior savings accounts, seniors’ savings accounts, and SMSF savings accounts.

If you are considering an NAB or Commonwealth Bank savings account, you can compare what’s available in our comparison table below. This table is based on Canstar’s ‘regular saver’ profile with $1,000 of current savings, located in NSW, and is sorted by total interest rate (lowest to highest).

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NAB vs Commonwealth Bank Superannuation

NAB and Commonwealth Bank both offer superannuation accounts; NAB offers superannuation through its wealth management company, MLC.

If you are considering choosing a super fund with NAB or Commonwealth Bank (i.e. MLC or CommBank), you can compare what’s available in our comparison table below. This table is based on someone aged 30-39 years old, with a current super balance of between $50,000 and $100,000. This table is sorted by star rating (highest to lowest).

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NAB vs Commonwealth Bank Personal Loans

NAB and CommBank both offer a large range of personal loans, including unsecured loans and secured loans (security may be car or vehicle, term deposit amount, or other).

If you are considering an NAB or Commonwealth Bank personal loan, you can compare what’s available in our comparison table below. This table is based on a loan amount of $20,000 for a 3-year loan term for borrowers located in NSW.

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NAB vs Commonwealth Bank Home Insurance

NAB and CommInsure both offer a range of home insurance options, with cover for Building Only, Contents Only, or packaged Home & Contents. If you are considering NAB or Commonwealth Bank (CommInsure) home insurance, you can compare 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).

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NAB vs Commonwealth Bank Car Insurance

NAB and CommBank both offer Third Party Property, Third Party Property Fire and Theft, and Comprehensive car insurance policies, with sum insured options including cover up to the agreed value or market value.

If you are considering NAB or Commonwealth Bank car insurance, you can compare what’s available in our comparison table below. This table is based on insurance cover for males 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).

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NAB vs Commonwealth Bank Life Insurance

NAB and CommInsure both offer life insurance options for many different ages and occupation groups. If you are considering NAB or Commonwealth Bank (CommInsure) life insurance, you can compare what’s available in our comparison table below.

This table is based on a female aged 30-39 years old, who works in a professional occupation group, and is a non-smoker. The table is sorted by star rating (highest to lowest).

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NAB vs Commonwealth Bank Travel Insurance

NAB and CommBank both offer travel insurance for Australians visiting many different destinations. If you are considering NAB or Commonwealth Bank travel insurance, you can compare what’s available in our comparison table below.

This table is based on insurance for a couple aged less than 70 years old, who are travelling to the USA on a 10-day trip. The table is sorted by star rating (highest to lowest).

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Written by: Regina Collins | Last updated: June 29, 2017