Both accounts come with a free debit card and offer 24/7 online access via Internet banking or the bank's mobile app. Both accounts allow for free ATM withdrawals at all Big Four bank ATMs Australia-wide, and have no fees for electronic transactions.
Our expert says
"One major difference is the NAB Classic Banking Account has no monthly acconut fee and no minimum deposit requirement, while CBA charges a $4 fee. This fee is waived if you deposit $2,000 a month or you're under 30."
We currently don't have a partnership for that product, but we have other similar offers to choose from (how we picked these
):
How the Finder Score helps you find a better savings account
The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
Both the NAB iSaver Account and CommBank's NetBank Saver Account offer bonus interest rates for new customers for an introductory period. CBA's account offers the higher bonus rate for 5 months, while NAB offers it for 4 months.
Neither account has any ongoing monthly deposit conditions to meet.
Reward/bonus saver accounts
Reward saver accounts pay bonus interest to “reward” you for satisfying special terms and conditions, for example depositing a minimum amount into your account each month.
We currently don't have a partnership for that product, but we have other similar offers to choose from (how we picked these
):
Both acconuts offer quite similar interest rates, but the conditions to earn bonus interest does vary slightly.
The NAB Reward Saver pays bonus interest every month you make at least 1 deposit (of any amount) but do not make any withdrawals. You also need to make the deposit by the second last banking day of the month.
The CommBank GoalSaver Account paye bonus interest each month you make at least 1 deposit (of any amount) and grow your balance. So unlike with NAB, you can make withdrawals from CommBank's account, however you need to replace the money by the end of the month so your balance grows.
CommBank offers its YouthSaver Account to customers under 17 years of age. This provides a maximum variable rate of 5%
p.a. to account holders who make at least 1 deposit but do not make any withdrawals each month.
NAB vs CBA home loans
Both banks are two of the biggest lenders in the country, offering many different mortgage products for owner-occupiers and investors.
Both lenders offer competitive interest rates. In fact, their lowest rates are often identical. And the two lenders often have similar cashback offers for refinancers.
Compare CBA home loans
{"userFilters":[{"componentType":"MULTI-SELECT CHECKBOX","options":{"comparator":"contains","includeAllSelection":false,"defaultMatcher":"ANY","values":["Owner-occupier","Investor"],"fields":[{"label":"Owner-occupier","value":"Owner-occupier","comparator":"contains"},{"label":"Investor","value":"Investor","comparator":"contains"}]},"dataSelector":{"recordType":"VARIANT","fieldCode":"DETAILS.LOAN_PURPOSE"},"dataType":"TEXT","label":"Loan Purpose","queryParameter":"loanpurpose","order":0},{"componentType":"MULTI-SELECT CHECKBOX","options":{"comparator":"contains","includeAllSelection":false,"defaultMatcher":"ANY","values":["Fixed","Variable"],"fields":[{"label":"Fixed","value":"Fixed","comparator":"contains"},{"label":"Variable","value":"Variable","comparator":"contains"}]},"dataSelector":{"recordType":"PRODUCT","fieldCode":"DETAILS.PRODUCT_TYPE"},"dataType":"TEXT","label":"Loan type","queryParameter":"loantype","order":1},{"componentType":"MULTI-SELECT CHECKBOX","options":{"comparator":"contains","includeAllSelection":false,"defaultMatcher":"ANY","values":["5","10","20","30","40"],"fields":[{"label":"less than 5%","value":"5","comparator":"lte"},{"label":"10%","value":"10","comparator":"eq"},{"label":"20%","value":"20","comparator":"eq"},{"label":"30%","value":"30","comparator":"eq"},{"label":"40% or more","value":"40","comparator":"gte"}]},"dataSelector":{"recordType":"VARIANT","fieldCode":"DETAILS.MIN_DEPOSIT"},"dataType":"PERCENTAGE","label":"Min. deposit","queryParameter":null,"order":2},{"componentType":"SINGLE-SELECT CHECKBOX","options":{"fields":[{"label":"Offset account","fieldCode":"FEATURES.MORTGAGE_OFFSET","comparator":"eq","value":"1"},{"label":"Redraw facility","fieldCode":"FEATURES.FACILITY_REDRAW","comparator":"eq","value":"1"},{"label":"Extra repayments","fieldCode":"FEATURES.EXTRA_PAYMENTS","comparator":"eq","value":"1"},{"label":"Cashback","fieldCode":"GENERAL.CASHBACK","comparator":"eq","value":"1"},{"label":"Finder award winner","fieldCode":"GENERAL.FINDER_AWARDS_WINNER","comparator":"eq","value":"1"}]},"dataSelector":{"recordType":"VARIANT","fieldCode":null},"dataType":null,"label":"Features","queryParameter":"features","order":3},{"componentType":"PROVIDER","options":null,"dataSelector":{"recordType":"PRODUCT","fieldCode":"GENERAL.PROVIDER_ID"},"dataType":"UUID","label":"Lender","queryParameter":null,"order":4},{"componentType":"FULL MARKET COMPARISON","options":null,"dataSelector":{"recordType":null,"fieldCode":null},"dataType":null,"label":"Finder Partners","queryParameter":null,"order":5}],"niche":{"currencySymbol":"$","decimalPoint":".","decimalPlaces":"2","thousandsSeparator":","},"prefilled":false,"experimental":false}
We currently don't have a partnership for that product, but we have other similar offers to choose from (how we picked these
):
NAB vs CBA credit cards
As with home loans, both banks have a range of credit cards, including low rate, low fee and rewards cards as well as business and corporate credit cards.
NAB credit cards
Low rate. NAB has several low-rate cards with 0% interest-free periods for balance transfers. The NAB StraightUp card charges no interest and instead has a monthly fee.
Points. NAB has frequent flyer cards that let you earn bonus Qantas points, and rewards credit cards as part of the NAB Rewards program.
Business cards. NAB offers multiple business credit cards, some that let you earn Qantas Points or NAB rewards.
Both NAB and CommBank offer term deposits for periods ranging from 1 month to 5 years, with different interest rates available depending on the amount you deposit and the term you select. There are no monthly account fees with either bank,and both banks require a minimum investment of $5,000.
Tim Falk is a writer for Finder, writing across a diverse range of topics. Over the course of his 15-year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio
Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for over 7 years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio
Richard's expertise
Richard has written 571 Finder guides across topics including:
See some of the best savings accounts in Australia right now with high interest rates and no fees, plus tips to help you find the best savings account for you.
Our range of simple calculators can help you plan your finances and compare potential interest earned.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
Finder makes money from featured partners, but editorial opinions are our own.
Finder is one of Australia's leading comparison websites. We are committed to our readers and stand by our editorial principles.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
