Savings ยท Side by side

CommBank GoalSaver vs Westpac Life

5.50% a year
5.50% a year
vs
Both are open to anyone 18 or over.
Interest a year on $50,000, with the conditions met
$2,750
5.50% on this balance
$2,750
5.50% on this balance

Both pay $2,750 a year on $50,000.

Drag to try another balance

The same on both$50 a year without meeting the conditions, a 5.50% rate, a 0.10% base rate, a 5.40% bonus, no cap on the top rate, the same conditions each month, open to anyone 18 or over and no minimum balance.

Commonwealth BankGoalSaver
WestpacWestpac Life
Rank by total rate
34th of 123
among accounts open to adults
34th of 123
among accounts open to adults
Last rate change
13 Nov 2026
up 0.25
13 Nov 2026
up 0.25

Rates over time

Each account's total rate, a cell a week. A move shows as โ–ฒ or โ–ผ in the week it happened.

As of 13 November 2026, CommBank GoalSaver pays 5.50% with its monthly conditions met, and Westpac Life pays 5.50% with its monthly conditions met. On $50,000, that's $2,750 against $2,750 a year. Figures are the banks' published rates, worked out on the balance above. Each row says which figure is higher; it doesn't say which account suits you.

Compare all 158 accounts

Other comparisons

A savings account against a term depositWhat each pays over the same term on your balance