Compare different NAB accounts to suit your needs

NAB can help you reach your savings goals with flexibility.

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NAB

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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.

Promoted
Bank account offer
NAB Classic Banking
Promoted
$0
monthly fee
$0
ATM withdrawal fee
  • Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
  • Monthly fees: $0

NAB Classic Banking

Enjoy convenient, unlimited access to your money. $0 monthly account fee. Temporarily block your card at the touch of a button if you lose it.
Enjoy convenient, unlimited access to your money. $0 monthly account fee. Temporarily block your card at the touch of a button if you lose it.

Compare NAB accounts below

Name Product Card access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly account fee
NAB Classic Banking
Visa
$0
$0
$0
Enjoy convenient, unlimited access to your money.
$0 monthly account fee.

Tap and pay with your NAB Visa Debit card or your phone using Apple Pay, Google Pay, Samsung Pay or NAB Pay for Android. Temporarily block your card at the touch of a button if you lose it.
NAB Business Everyday Account ($0 Monthly Fee Option)
Visa
$0
$0
$0
$0 monthly account-keeping fee.
Unlimited standard electronic transactions.
Sign up for a NAB Business Transaction Account and enjoy free digital transactions, no monthly fees, and a linked NAB Visa Debit card at no cost.

NAB Business Everyday Account ($10 Monthly Fee Option)
Visa
$0
$0
$10
Make unlimited online and staff-assisted transactions for one flat monthly fee.
Enjoy dedicated support from NAB Business bankers available seven days a week.
NAB Classic Banking with Platinum Visa Debit Card
Visa
$0
$0
$10
$10 cashback on contactless purchases, $0 foreign transaction fee and complimentary travel insurance.
$10 monthly account fee.
Receive $10 cashback when you spend $1000 on contactless purchases. Complimentary travel insurance, transport accident insurance, purchase protection insurance and more when you meet eligibility criteria.
NAB Business Interest Account ($10 Monthly Fee)
Visa
$0
$0
$10
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$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Interest Earned
NAB iSaver
0.35%
0.05%
0.3%
$0
Introductory rate of 0.35% p.a. for 4 months, reverting to a rate of 0.05% p.a. Available on balances up to $20,000,000.
NAB Cash Manager
0.05%
0.05%
0%
$0
Ongoing, variable 0.05% p.a. Available on the entire balance.
NAB Business Cash Maximiser
0%
0%
$0
Earn a competitive interest rate on balances $10,000 or more
NAB Business Cash Maximiser
0.01%
0.01%
0%
$0
Earn a competitive interest rate on balances $10,000 or more
NAB Reward Saver
0.3%
0.01%
0.29%
$0
Ongoing, variable 0.3% p.a. when you make at least one deposit by the second last banking day of the month and make no withdrawals. Available on the entire balance.
NAB Retirement Account
0.01%
0.01%
0%
$0
A retirement account with easy access to your money.
NAB Retirement Account
0.01%
0.01%
0%
$0
A retirement account with easy access to your money.
NAB Retirement Account
0.21%
0.21%
0%
$0
A retirement account with easy access to your money.
NAB Retirement Account
0.36%
0.36%
0%
$0
A retirement account with easy access to your money.
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Name Product 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
NAB Term Deposit
0.10%
0.10%
0.10%
0.20%
0.20%
0.25%
0.30%
Invest your money in a NAB Term Deposit and earn a fixed interest rate for the life of the term, with no setup or account fees.
This term deposit is for personal customers with deposits from $5,000.
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Name Product Card access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly account fee
NAB Classic Banking
Visa
$0
$0
$0
Enjoy convenient, unlimited access to your money.
$0 monthly account fee.

Tap and pay with your NAB Visa Debit card or your phone using Apple Pay, Google Pay, Samsung Pay or NAB Pay for Android. Temporarily block your card at the touch of a button if you lose it.
NAB Business Everyday Account ($0 Monthly Fee Option)
Visa
$0
$0
$0
$0 monthly account-keeping fee.
Unlimited standard electronic transactions.
Sign up for a NAB Business Transaction Account and enjoy free digital transactions, no monthly fees, and a linked NAB Visa Debit card at no cost.

NAB Business Everyday Account ($10 Monthly Fee Option)
Visa
$0
$0
$10
Make unlimited online and staff-assisted transactions for one flat monthly fee.
Enjoy dedicated support from NAB Business bankers available seven days a week.
NAB Classic Banking with Platinum Visa Debit Card
Visa
$0
$0
$10
$10 cashback on contactless purchases, $0 foreign transaction fee and complimentary travel insurance.
$10 monthly account fee.
Receive $10 cashback when you spend $1000 on contactless purchases. Complimentary travel insurance, transport accident insurance, purchase protection insurance and more when you meet eligibility criteria.
NAB Business Interest Account ($10 Monthly Fee)
Visa
$0
$0
$10
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$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Interest Earned
NAB iSaver
0.35%
0.05%
0.3%
$0
Introductory rate of 0.35% p.a. for 4 months, reverting to a rate of 0.05% p.a. Available on balances up to $20,000,000.
NAB Cash Manager
0.05%
0.05%
0%
$0
Ongoing, variable 0.05% p.a. Available on the entire balance.
NAB Business Cash Maximiser
0%
0%
$0
Earn a competitive interest rate on balances $10,000 or more
NAB Business Cash Maximiser
0.01%
0.01%
0%
$0
Earn a competitive interest rate on balances $10,000 or more
NAB Reward Saver
0.3%
0.01%
0.29%
$0
Ongoing, variable 0.3% p.a. when you make at least one deposit by the second last banking day of the month and make no withdrawals. Available on the entire balance.
NAB Retirement Account
0.01%
0.01%
0%
$0
A retirement account with easy access to your money.
NAB Retirement Account
0.01%
0.01%
0%
$0
A retirement account with easy access to your money.
NAB Retirement Account
0.21%
0.21%
0%
$0
A retirement account with easy access to your money.
NAB Retirement Account
0.36%
0.36%
0%
$0
A retirement account with easy access to your money.
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Compare up to 4 providers

Name Product 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
NAB Term Deposit
0.10%
0.10%
0.10%
0.20%
0.20%
0.25%
0.30%
Invest your money in a NAB Term Deposit and earn a fixed interest rate for the life of the term, with no setup or account fees.
This term deposit is for personal customers with deposits from $5,000.
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Rates accurate as at: June 17th, 2021 Learn about our information service

About NAB

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.

  • NAB's SWIFT code: NATAAU3303M

What about the mobile app?

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What transaction accounts are offered by NAB?

  • NAB classic banking. A transaction account with no monthly minimum or fees that comes equipped with a Visa debit card for easy access to your money.
  • NAB retirement account. For Australians over the age of 55 you get the convenience of a transaction account with the applied interest of a savings account. Interest rates are tiered, providing you with a higher rate for higher account balances.

What high interest savings accounts are offered by NAB?

  • NAB reward saver. Earn bonus interest on your savings balance when you make at least one 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.
  • NAB iSaver. This is an online account where you earn a competitive interest rate on the balance regardless of your transaction history. You benefit even more the first four months with a special introductory bonus rate on the entire balance up to $1 million.
  • NAB cash manager. The cash manager is ideal for personal or investment cash, offering a competitive interest rate. You will need at least $5,000 to open the account but once open there is no minimum balance to maintain.
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What term deposits are offered by NAB?

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.

What are the positives and negatives for banking with NAB?

Positives

  • Initial deposit. You can begin most of the NAB accounts with no minimum balance.
  • Fees. Take advantage of no fees to help towards building your savings.
  • Bonus interest. Boost your savings with an introductory bonus interest.
  • Visa debit card. Transaction accounts come with a free debit card that allows you to make purchases as if with cash.
  • Contactless payments using your phone. NAB offers Apple Pay, Samsung Pay, Google pay and NAB Pay on a range of its transaction accounts.

Negatives

  • Restrictions. In some cases you will need to meet certain requirements in order to be eligible for bonus interest.
  • Linked account. You may be subjected to fees if you link your savings with a NAB Gold banking account.
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How do I apply for NAB savings accounts?

You 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.

  • Identity verification. If you are new to NAB you will have to visit a branch once the application has been submitted to complete the 100 points of identification.
  • Other documentation. You may need to give NAB your tax file number (TFN) when you apply, and if you are a NAB customer, your NAB ID.
  • Residency. In order to qualify for a NAB savings account you will need to be an Australian permanent resident.

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.

More guides on Finder

  • NAB Classic Banking with Platinum Visa Debit Card

    The Nab Platinum Visa debit card is packed with premium features, such as cashback offers and access to the NAB Concierge Service.

  • NAB Retirement Account

    Make the most your fixed retirement funds by using them through an account that won't charge you any fees.

  • NAB Personal Overdraft

    NAB Personal Overdrafts give you extra money attached to your NAB transaction account to use for day to day spending or personal investments.

  • NAB Cash Manager

    The Cash Manager is a no fee interest bearing interim investment account for SMSFs, trusts and personal applicants.

  • NAB term deposit

    With NAB, you are given an opportunity to actively grow your savings using terms that meet your needs.

  • 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.

  • NAB Reward Saver account

    You'll get an incentive to save with bonus interest from the NAB Reward Saver account.

  • NAB Classic Banking Transaction Account

    With simplicity and no account fees, you are able to manage your every purchases and cash withdrawals.

Ask an Expert

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12 Responses

    Default Gravatar
    TrudiApril 29, 2017

    I have two investments coming due. $20,000 and $200,000 what is the best interest rate you can offer.

      Avatarfinder Customer Care
      DeeApril 30, 2017Staff

      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

    Default Gravatar
    SenolApril 28, 2017

    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

      Default Gravatar
      LiezlApril 29, 2017

      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 may also refer to our guide on paying your NAB credit card. Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered on your transactions.

      I hope this helps.

      Best regards,
      Liezl

    Default Gravatar
    GuenMarch 29, 2017

    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

      Avatarfinder Customer Care
      DeeMarch 29, 2017Staff

      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

    Default Gravatar
    EdauFebruary 18, 2017

    Deposits more than 5 times to my rewards savers but never withdraw will I’ll be able to earn interests?

      Avatarfinder Customer Care
      DeeFebruary 22, 2017Staff

      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

    Default Gravatar
    romeiJanuary 29, 2017

    I need to find an account that does not charge international withdrawal fees. Any suggestions, please.

      Avatarfinder Customer Care
      JasonJanuary 29, 2017Staff

      Hi Romei,

      Thank you for your enquiry.

      Please check out linked debit cards that offer no overseas ATM withdrawal fees.

      I hope this helps.

      Kind regards,
      Jason

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