NAB vs Commonwealth Bank

Credit Cards | Home Loans Savings AccountsPersonal Loans  | Home Insurance | Car Insurance | Travel Insurance 

NAB and Commonwealth Bank 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 NAB and CommBank: credit cards, home loans, savings accounts, personal loans, home insurance, car insurance and travel insurance.

What products do NAB and CommBank offer?

Here are some of the main products NAB and CommBank currently offer for new personal customers:

NAB Commonwealth Bank (CommBank)
  • Bank accounts (transaction accounts, savings account & term deposits)
  • Home loans
  • Credit cards
  • Personal loans
  • Super & investments
  • Insurance 
  • Travel & overseas banking products
  • Bank accounts (transaction accounts, savings accounts & term deposits)
  • Home loans 
  • Credit cards
  • Personal loans
  • Buy now, pay later
  • International payments
  • Investments 
  • Insurance

NAB vs CommBank credit cards

NAB and CommBank both offer a range of credit cards including 0% interest credit cards, low rate cards, low fee cards and rewards cards.

If you are considering a NAB or Commonwealth Bank 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 purchases rate (lowest to highest).

Compare Other Credit Cards

NAB vs CommBank home loans 

NAB and CommBank 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 NAB or Commonwealth Bank 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 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 CommBank savings accounts

NAB and CommBank 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 NAB or Commonwealth Bank savings account, you can compare 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 total interest rate (lowest to highest).

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NAB vs CommBank personal loans

NAB and CommBank offer personal loans that can be used for purposes like buying a car, consolidating debt, home renovations, holidays and weddings. NAB and CommBank offer variable and fixed rate loans. CommBank also offers secured personal loans. 

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

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NAB vs CommBank home insurance

NAB and CommBank offer building insurance, contents insurance and combined home and contents insurance. NAB’s home insurance is issued by Allianz, while CommBank’s is issued by CommInsure.

If you are considering NAB or Commonwealth Bank (CommInsure) 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).

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NAB vs CommBank car insurance

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

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 CommBank travel insurance

NAB does not currently offer travel insurance for new customers. CommBank offers both domestic and international travel insurance. CommBank travel insurance is provided by Zurich. 

You can compare a snapshot of what’s available in our comparison table below. This table is based on insurance for a couple aged less than 60 years old, who are travelling to the USA on a 10-day trip. The table is sorted by Star Rating (highest to lowest) followed by alphabetical.

Compare Other Travel Insurance Policies

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

This content was reviewed by Sub Editor Jacqueline Belesky as part of our fact-checking process.

Written by: Tamika Seeto | Last updated: January 6, 2022