NAB savings and bank accounts
NAB offers 2 different bonus savings accounts and several different bank account to suit a range of customers.
National Australia Bank (NAB) is one of Australia's Big Four banks. Take a look at the different NAB savings accounts and bank accounts in the table below to find the right one for you.
Did you know?
Citi deposit accounts were closed and moved to similar NAB branded accounts on 24 February 2024.
NAB savings accounts, transaction accounts and term deposits
NAB savings accounts
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We currently don't have that product, but here are others to consider:
How we picked theseHow 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?
Want more interest on your savings?
Compare now and find a better rate.
NAB bank accounts
7 of 7 results
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We currently don't have that product, but here are others to consider:
How we picked theseFinder Score for bank accounts
We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.
Looking for a better bank account?
Compare everyday accounts and find one that works harder for you.
NAB term deposits
3 of 3 results
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We currently don't have that product, but here are others to consider:
How we picked theseFinder Score for term deposits
Finder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.
Lock in a great rate
Compare term deposits to grow your savings with confidence.
Rates accurate as at: July 26th, 2026 Learn about our information service
Pros and cons of banking with NAB
Pros
- No monthly fees on NAB’s everyday transaction account
- Range of transaction and savings account options
- Option to upgrade to a Platinum Visa Debit Card with perks like no international fees and cashback offers
- Supports Apple Pay, Google Pay and Samsung Pay
- Strong network of branches and ATMs across Australia
Cons
- Savings account interest rates are generally less competitive
- Mobile app offers fewer budgeting and savings features compared to some other banks
How to apply for a NAB savings account
Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.
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- NAB home insurance
- NAB car insurance
- NAB landlord insurance
Sources
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Ask a question
22 Responses
Read more on NAB Accounts
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NAB Now Pay Later
With no interest and no late fees, NAB Now Pay Later allows customers to spread the cost of purchases over 4 fortnightly payments.
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NAB Retirement Account
Make the most your fixed retirement funds by using them through an account that won't charge you any fees.
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NAB Cash Manager
The Cash Manager is a no fee interest bearing investment account for SMSFs, trusts and personal applicants.
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NAB term deposit
With NAB, you are given an opportunity to actively grow your savings using terms that meet your needs.
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NAB iSaver Account Review
The NAB iSaver is a simple way to manage your savings without worry. Sign on now and get the added benefit of an introductory bonus rate.
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NAB Reward Saver account
You'll get an incentive to save with bonus interest from the NAB Reward Saver account.
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NAB Classic Banking transaction account
With simplicity and no account fees, you can manage your purchases and cash withdrawals.
Will I be able to continue making cheque payments from my NAB retirement account
Hi Ray, the NAB retirement account doesn’t appear to include any cheque facilities as standard. Note that cheque payments are being progressively removed in Australia and they won’t exist at all by 2027, so no matter which account you pick, you’ll need to move to direct debits or bank transfers at some point in the near future, no matter which account you’re using.
How do I open up another a\c, I wish to have another a\c to place my pension.
Hi Kevin,
If you have access to internet banking, you should be able to open an account within that platform. If not, you can contact NAB on 13 22 65 for customer support.
Hi, i have an existing a\c but would like to open another, I am on a disability pension, aged 62. Do you offer an a\c for people like myself,, I wish to transfer my fortnightly payments from centre link into a new a\c. ANZ has a specific a\c for people like myself, I think it would be much easier to start a new a\c with you.
HI Kevin,
You can contact NAB directly for customer support on this query – you can reach them on 13 22 65.
Best of luck!
Hi – I want to open a saver account in my SMSF.
I have $250k to invest / put on deposit.
Am I able to open an account in my smsf name and get the 4.25% interest rate?
Thanks
Brad
Hi Brad,
Based on NAB’s SMSF cash products portfolio, they don’t offer a savings products where you can earn the 4.25%. However, they offer SMSF term deposits if it interests you or check our SMSF bank accounts page for other SMSF banking products.
Thanks
Raj
Why does the retirement account show a maximum rate of .25% and a .01% minimum rate?
Hi Richa,
The maximum rate represents the highest possible rate that you can get from NAB’s Retirement account.
You earn 0.25% when your balance is above $250,000.
You earn 0.15% when your balance is $50,000 to $249,999.
You earn 0.01% when your balance is $10,000 to $49,999.
I hope this helps.
Cheers,
Alison