I noticed that far more people took home loans out with CBA compared to NAB for the First Home Loan Deposit Scheme.
I was confused as the NAB rates are at 3.09% (comparison) with a $2000 cash back. The CBA rates were something like 3.3% with no cash back. NAB were also first to join the program and have had more advertising etc.
Any reason why more people are choosing CBA? Are they just not looking at the rates and going with who they already bank with?
The CBA is more trustworthy.