Westpac vs Commonwealth Bank

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

Westpac 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 Westpac or Commonwealth Bank?

Below we compare some of the services available from Westpac 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 Westpac and Commonwealth Bank

Westpac 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
  • Investment products
  • Landlord insurance
  • 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
  • Investment products
  • Term deposits
  • Loan & credit repayment insurance

Westpac vs Commonwealth Bank Credit Cards

Westpac 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 Westpac 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 (lowest to highest).

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Westpac vs Commonwealth Bank Home Loans

Westpac and CommBank both offer a large range of home loans, including fixed rate and variable rate loans. If you are considering a Westpac 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 25-year 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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Westpac vs Commonwealth Bank Savings Accounts

Westpac 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 a Westpac 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 (highest to lowest).

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Westpac vs Commonwealth Bank Personal Loans

Westpac 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 a Westpac or Commonwealth Bank personal loan, you can compare what’s available in our comparison table below sorted by current rate (lowest first). This table is based on a loan amount of $20,000 for a 3-year loan term for borrowers located in NSW, for an unsecured loan.

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Westpac vs Commonwealth Bank Home Insurance

Westpac 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 Westpac 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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Westpac vs Commonwealth Bank Car Insurance

Westpac and CommInsure 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 Westpac or Commonwealth Bank (CommInsure) 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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Westpac vs Commonwealth Bank Travel Insurance

Westpac and CommBank both offer travel insurance for visiting many different destinations. If you are considering Westpac 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: May 5, 2017