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National Australia Bank (NAB) is one of four leading financial institutions in Australia. Founded in Australia in 1893, NAB has now become an important part of the global banking industry, serving over 12 million customers around the world. When you deposit up to $250,000 in a NAB savings account, your money is protected as a part of the Australian Government guarantee.
Whether you prefer to keep track of your savings online, or like to have branch access, NAB has a savings account designed for you. With competitive and bonus interest rates plus no monthly fees, you are given the opportunity to stockpile money for that rainy day purchase.
Payments | Keep Track of Your Money | Manage Your Cards |
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You can apply for a limit from $500. If you don't have an overdraft set up on your account and wish to overspend, NAB can set up a temporary overdraft for your account, depending on your cash flow patterns. If the NAB system deems to be able to pay it back, then you may be able to use this facility and occasionally obtain a negative balance.
A term deposit is a commitment from you to not withdraw any savings until the time limit is reached. With NAB this can be anywhere from seven days to five years. The 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.
Back to topYou need to compare the accounts offered by NAB with others to make sure they suit your personal financial needs and your unique situation. If you decide one of the NAB accounts suits your needs, Australians who are 18 years of age or older can apply for NAB savings accounts online. It typically takes ten minutes to complete the application, or shorter if you already hold an account with NAB.
It is a good idea to compare savings accounts across different banks before making your final choice. This gives you a clearer picture of all the features and benefits that could help you with your saving needs.
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.
NAB Personal Overdrafts give you extra money attached to your NAB transaction account to use for day to day spending or personal investments.
The Cash Manager is a no fee interest bearing interim 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 are able to manage your every purchases and cash withdrawals.
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 your options on this page. 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 interest earning 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 high interest earning for a specific time period.
Cheers,
Anndy
Why can’t I transfer money between my classic account and my personal accounts through my internet banking which I just set up. Also why can’t I pay a bill with my classic account online
Hi Senol,
Thank you for your question.
If you have recently set-up your NAB internet banking, please make sure that you have linked your Classic, personal and credit card accounts to your Internet Banking profile.
Kindly note that in order to pay NAB Credit cards not linked to your Internet Banking profile, or Credit Cards at other financial institutions, you must use BPAY® (accessed via the BILL payment function).
You can read Nab Internet Banking guide on this link.
I hope this has helped.
Best regards,
Liezl
Hi NAB/finder.com team,
I need help please.
1. How to close/delete some of my NAB bank accounts that already created?
2. About NAB Reward Saver, is there any minimum amount has to be deposited each month after the first month deposit?
3. How do you count the bonus interest?
Thank you
Hi Guen,
Thanks for your question.
You need to visit a NAB branch to close an account.
For NAB Reward Saver, you’ll receive up to 2.55% p.a. (standard rate plus bonus rate) when you make at least one deposit of any amount and no withdrawals for the month.
Cheers,
Anndy
Deposits more than 5 times to my rewards savers but never withdraw will I’ll be able to earn interests?
Hi Edau,
Thanks for your question.
For NAB Reward Saver, you’ll get the bonus interest rate when you make at least one deposit and no withdrawals in the month.
Since you deposited into your account and did not make any withdrawals, you’ll be eligible to receive the 2.70% p.a. interest rate.
Cheers,
Anndy
I need to find an account that does not charge international withdrawal fees. Any suggestions, please.
Hi Romei,
Thank you for your enquiry.
Please check out this link for accounts with linked debit card that offers no overseas ATM withdrawal fees.
I hope this helps.
Kind regards,
Jason
Who is the banking manager at the NAB in Thorn Street Ipswich Branch?
Hi Philip,
Thanks for your question.
Unfortunately this information is not available to the public, we’d recommend that you speak to the branch directly.