Summary

The NAB Cash Manager account is an interest bearing account for trusts, funds, SMSFs and personal applicants.

An interest bearing, no fee account, the NAB Cash Manager account is available for applications in the name of a trust or a fund as well as personal applications. Get on call access to your funds when you want by making free electronic transactions via NAB online and telephone banking.

Pros

No monthly account fee
Easy to set up direct debits, direct credits, etc

Cons

Minimum opening balance required

Details

Key details

Product Name	NAB Cash Manager
Maximum Variable Rate	0.45% p.a.
Standard Variable Rate	0.45% p.a.
Monthly Account Fee	$0
Minimum Opening Deposit	$5,000
Minimum Age	18

Key features

Joint and trust applications

You can apply for the NAB Cash Manager in the name of a trust or jointly with another person as well as in your own name. Trusts in the name of a business are ineligible to apply for this account.

Interest

Get rewarded with 0.45% p.a. variable interest on your NAB Cash Manager balance. Interest is calculated on the daily balance of your NAB Cash Manager account and paid monthly. You can even opt to get interest paid to a different account.

Minimum balance

Make an opening deposit of $5,000 when you apply for the NAB Cash Manager. There's no minimum balance requirement once the account is opened. If your balance is $0 for longer than 3 consecutive months, NAB can close your account.

Fees

Pay nothing to open the NAB Cash Manager account, no monthly account keeping fees and pay no transaction fees.

Direct credit

Get your regular payments such as income from investment properties, dividends or your salary paid directly to the NAB Cash Manager account.

Periodic payments

You can also arrange periodic payments from other NAB accounts.

Withdrawals

Make an unlimited number of withdrawals from this account for free at NAB branches, online and over the phone. Get EFTPOS and ATM access to your funds using the NAB Debit Card issued with the Cash Manager account. Make free cash withdrawals at NAB ATMs Australia wide.

Direct debits

Set up a direct debit agreement so your service providers such as insurers and telecommunications companies can automatically debit your account.

Statements

NAB issue statements every quarter. You can request statements more often.

How to apply

You can start an online application for the NAB Cash Manager account by visiting their website. The application can be completed in under 10 minutes.

Eligibility

Confirm your eligibility for this account before you apply.

Minimum age. You must be 18 years or older to apply for this account.
Minimum deposit. The minimum opening deposit for this account is $5,000.

Residency. You must be a permanent or temporary Australian resident to complete the online application for the NAB Cash Manager account.
SMSF applications. Provide the name of the trust or fund and information about any other NAB accounts held by the fund.

Documentation needed

Provide the following information when you apply for the NAB Cash Manager account.

Personal information. Enter your full name, date of birth, phone number, email address and address details when prompted by the online application for the NAB Cash Manager account.
Identity. Verify your identity or the status of your SMSF or trust when you apply for this account. The identity verification requirements vary depending on the type of application.
Tax. NAB will withhold tax at the marginal rate if you do not provide your Tax File Number (TFN) or TFN exemption.

What happens after I submit my application?

Once you've submitted your application for the NAB Cash manager account, you will be contacted by email to confirm your application submission. A welcome pack will arrive in the mail shortly after with information about what to do next to setup your account.

Compare other savings accounts

1 - 14 of 180

Product AUFSA	Finder Score	Maximum Variable Rate p.a.	Base interest rate	Intro/Ongoing	Government Guarantee	Monthly Max Rate Conditions
Rabobank High Interest Savings Account	Finder score 8 Great	Maximum Variable Rate p.a. 5.45%	Standard Variable Rate p.a. 4.00%	Intro/Ongoing 4 months	Government Guarantee	Monthly Max Rate Conditions Balances up to $250,000	Earn a high interest rate of 5.45% for the first 4 months and then 4% thereafter, with $0 account keeping fees and no monthly balance requirements.	Go to site View details Compare	loading Fetching your data...
Ubank Save Account	Finder score 9.4 Excellent	Maximum Variable Rate p.a. 5.25%	Standard Variable Rate p.a. 0.00%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Deposit $500 Savings up to $100,000	Use code EASY30 to score $30 after 5 card purchases in your first 30 days. See terms link on the app store.	Go to site View details Compare	loading Fetching your data...
Bank of Queensland Smart Saver Account - 36+ years	Finder score 8.6 Great	Maximum Variable Rate p.a. 4.90%	Standard Variable Rate p.a. 0.05%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Deposit $1,000 5 eligible purchases Balances up to $250,000	Aged 36+? You can earn 4.9% p.a. on balances up to $250,000 when you meet the account conditions each month.	Go to site View details Compare	loading Fetching your data...
ING Savings Maximiser	Finder score 9.7 Excellent	Maximum Variable Rate p.a. 5.40%	Standard Variable Rate p.a. 0.05%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Deposit $1,000 5 transactions Grow your balance Balances up to $100,000	Go to site View details Compare	loading Fetching your data...
Suncorp Bank Growth Saver Account	Finder score 8.7 Great	Maximum Variable Rate p.a. 4.80%	Standard Variable Rate p.a. 0.35%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Grow balance by $200 each month (excl. interest) Only 1 withdrawal No balance limit on earning interest	Get a solid interest rate on your entire balance, with minimal conditions in order to get the max rate. This account doesn’t offer card access but you can make 1 withdrawal per month & grow your net balance by $200 (excl. interest) to earn the max rate.	Go to site View details Compare	loading Fetching your data...
P&N Bank Savvy Saver	Finder score 9 Excellent	Maximum Variable Rate p.a. 5.10%	Standard Variable Rate p.a. 0.55%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Deposit $500 5 Access Account debit card purchases Balance under $100,000	Get 5.1% p.a. ongoing when you deposit $500 and make 5 debit card purchases per month. Make withdrawals and still earn bonus interest.	Go to site View details Compare	loading Fetching your data...
ING Savings Accelerator ($150,000 - $500,000)	Finder score 8.5 Great	Maximum Variable Rate p.a. 5.15%	Standard Variable Rate p.a. 4.45%	Intro/Ongoing 4 months	Government Guarantee	Monthly Max Rate Conditions Welcome rate applies up to $500K	Ideal for higher balances, savers can earn up to 5.15% for the first 4 months and up to 4.45% thereafter. There are no conditions and $0 account-keeping fees.	Go to site View details Compare	loading Fetching your data...
St.George Incentive Saver	Finder score 9.1 Excellent	Maximum Variable Rate p.a. 5.00%	Standard Variable Rate p.a. 1.60%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Grow balance $50 ($0.01 if under 21) Balance up to $249,999.99	Extra 0.10% p.a. for 3 months for new customers who apply online, balances under $250k.	Go to site View details Compare	loading Fetching your data...
Macquarie Savings Account	Finder score 8.8 Great	Maximum Variable Rate p.a. 5.10%	Standard Variable Rate p.a. 4.75%	Intro/Ongoing 4 months	Government Guarantee	Monthly Max Rate Conditions Balances up to $250,000	Go to site View details Compare	loading Fetching your data...
Bank of Queensland Simple Saver Account	Finder score 8.5 Great	Maximum Variable Rate p.a. 4.55%	Standard Variable Rate p.a. 4.55%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Balances up to $5,000,000	Open up to 9 accounts to take control of your savings and don't worry about meeting fiddly conditions or paying frustrating fees.	Go to site View details Compare	loading Fetching your data...
Newcastle Permanent Smart Saver Account	Finder score 7.7 Great	Maximum Variable Rate p.a. 4.25%	Standard Variable Rate p.a. 0.05%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Grow balance No more than 2 withdrawals	Go to site View details Compare	loading Fetching your data...
Westpac Life (18-29 year olds only)	Finder score 8.9 Great	Maximum Variable Rate p.a. 5.00%	Standard Variable Rate p.a. 1.60%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Make a deposit Grow your balance 5 debit card purchases Balances up to $30,000	Go to site View details Compare	loading Fetching your data...
Bank of Queensland Future Saver Account - 14 to 35 years	Finder score 9.4 Excellent	Maximum Variable Rate p.a. 5.25%	Standard Variable Rate p.a. 0.05%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Deposit $1,000 5 eligible transactions Balances up to $50,000	Go to site View details Compare	loading Fetching your data...
BCU Bonus Saver	Finder score 2.2 Basic	Maximum Variable Rate p.a. 4.75%	Standard Variable Rate p.a. 0.25%	Intro/Ongoing 4 months	Government Guarantee	Monthly Max Rate Conditions N/A	Go to site View details Compare	loading Fetching your data...

How 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?

Read the full Finder Score breakdown

Sources

Your reviews

No reviews yet. Write a review

Ask a question

To ask a question simply log in via your email or create an account.

Ask a question

Alison Finder

Editorial Manager, Money

Hi there, looking for more information? Ask us a question.

You are about to post a question on finder.com.au:

Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
finder.com.au is a financial comparison and information service, not a bank or product provider
We cannot provide you with personal advice or recommendations
Your answer might already be waiting – check previous questions below to see if yours has already been asked

Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

NAB Cash Manager