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.
Being one of the biggest banks in Australia, NAB offers a large variety of bank and savings accounts, which are listed in the tables above. Here's a brief overview of the main personal accounts offered by NAB. If you're after a retirement or business specific account, take a look at the table of accounts above.
This is NAB's main everyday transaction account. It has no monthly account-keeping fee and no monthly deposit conditions to meet to avoid the fee either. It comes with a Visa debit card for easy access to your money.
Read our full review of the NAB Classic Banking Account.
This is the same account as the Classic Banking account, but it comes with a Platinum Visa Debit Card instead of a standard debit card. This account has a $10 monthly account fee; however, it also has extra perks and benefits including no international transaction fees and cashback on contactless purchases.
Read our full review of the NAB Classic Banking with Platinum Visa Debit Card.
Earn bonus interest on your savings balance when you make at least 1 deposit each month without making any withdrawals. This is an account that is free from any monthly fees, yet awards you with unlimited access to your money. It currently offers a total bonus rate of 5%.
Read our full review of the NAB Reward Saver Account.
This is an online savings account with an introductory bonus rate of 5% for the first 4 months with no conditions to meet. After the introductory period is up, this rate will drop to the base rate.
Read our full review of the NAB iSaver Account.
The NAB Term Deposit offers fixed term lengths from 7 days to 5 years, with a fixed interest rate for the duration of the term length. Your initial investment must be at least $5,000 and the interest is calculated on a daily basis with your choice of receiving it monthly, quarterly, bi-annually or annually.
Read our full review of the NAB Term Deposit.
NAB offers many different ways to do your banking.
NAB has more than 1,000 bank branches across Australia, with 40+ in Brisbane, 80+ in Sydney and 100+ in Melbourne. Customers can go into a NAB branch for general day-to-day banking, to deposit cash or cheques, to open or close accounts or to get help and assistance. Ubank customers can also use NAB branches, as ubank has no branches of its own.
There are more than 4,000 NAB ATMs around Australia. NAB has been reducing its ATM network for the past few years, as more people turn to online banking instead of cash. In 2019, NAB closed down almost 2,000 ATMs across Australia. At eligible NAB ATMs, you can deposit cash and cheques as well as make standard withdrawals. NAB also offers some contactless ATMs, which allow customers to withdraw cash using their phone instead of their debit card.
If you need to deposit cash into your account, you can do this at a participating Australia Post shop using Bank@Post. It's free to deposit cash into your account this way.
NAB Internet banking allows you to review transactions and balances, pay bills, transfer money between accounts, make BPAY payments, view and download statements or open new NAB accounts. You can also temporarily block your account or your debit card if you've misplaced it. NAB Defence is NAB's online security system, which will monitor your transactions for any that seem suspicious.
The NAB app is available for free on the Google Play or App Store. You can check your balance, set up your PayID for instant transfers, transfer between accounts or Pay Anyone, and block your card if needed.
NAB offers Apple Pay, Google Pay and Samsung Pay to customers with a NAB debit card. This means you can use your phone (or any compatible device) to make contactless payments for everyday items, instead of using your physical debit card.
You can apply for a new NAB account online in less than 10 minutes. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.
If you haven't found what you're looking for yet, you can compare a wide range of additional savings accounts and bank accounts from other providers with Finder.
With no interest and no late fees, NAB Now Pay Later allows customers to spread the cost of purchases over 4 fortnightly payments.
The Nab Platinum Visa debit card is packed with premium features, such as cashback offers and access to the NAB Concierge Service.
Make the most your fixed retirement funds by using them through an account that won't charge you any fees.
The Cash Manager is a no fee interest bearing investment account for SMSFs, trusts and personal applicants.
With NAB, you are given an opportunity to actively grow your savings using terms that meet your needs.
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.
You'll get an incentive to save with bonus interest from the NAB Reward Saver account.
With simplicity and no account fees, you can manage your purchases and cash withdrawals.
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
I have two investments coming due. $20,000 and $200,000 what is the best interest rate you can offer.
Hi Trudi,
Thanks for reaching out.
The interest rate that you can get depends on the type of account you want to get.
If you are looking for a high-interest savings account, you can compare high-interest savings accounts on our website.
You can earn up to 3.05% p.a. subject to certain conditions and eligibility criteria. You can take advantage of the savings calculator on top of the page to see which account can give you the highest earned interest for a particular time period.
Alternatively, you may also consider getting a term deposit account. You may also use the term deposit calculator on the page to see which account can give you the highest earned interest for a specific time period.
Cheers,
Anndy