NAB iSaver Account Review
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- Maximum variable rate
- 4.45% p.a.
- Base interest rate
- 1.25% p.a.
Our verdict
Earn up to 4.45% p.a. for 4 months with this flexible savings account from NAB.
This account offers a variable rate of up to 4.45% p.a. (comprising of 1.25% p.a. standard variable rate interest plus 3.20% p.a. bonus interest) for the first 4 months for balances up to $20,000,000 if you have not held a NAB iSaver in the last 12 months. The good thing about this account is that there are no deposit conditions to meet to earn interest, and you can make withdrawals at any time through your NAB transaction account while still earning interest.
After the introductory period ends your interest rate will revert to the standard variable rate of 1.25% p.a. This rate is lower than some other bonus savings accounts in the market right now, however there are no conditions to meet which might suit you well if you don't want to commit to a monthly deposit and wish to make withdrawals.
Pros
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Earn up to 4.45% p.a. for 4 months if you have not held a NAB iSaver in the last 12 months
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No minimum deposit requirement or withdrawal restrictions
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$0 account keeping fee
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Earn interest on large balances up to $20,000,000
Cons
-
Interest rate drops to 1.25% p.a. after the intro period
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Must link to a NAB transaction account
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If there are multiple account holders, bonus rate only applies if all are eligible
Details
Key details
| Product Name | NAB iSaver |
| Maximum Variable Rate | 4.45% p.a. |
| Standard Variable Rate | 1.25% p.a. |
| Monthly Account Fee | $0 |
| Minimum Opening Deposit | $0 |
| Minimum Age | 14 |
Sources
Your reviews
Alison Finder
Editorial Manager, Money
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Sarah Megginson Finder
December 04, 2025
Hi Teresa,
You qualify for the rate each month and get paid interest in the following month. If you close your account after qualifying for and receiving your interest, that’s totally fine! They will not try to claw the interest you’ve earned back from you. Hope this helps!
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Karen
July 15, 2024
can the proceeds of a house sale be deposited via Pexa into an isaver account .
Sarah Megginson Finder
July 16, 2024
Hi Karen,
We checked with NAB, and unfortunately this isn’t possible. The NAB iSaver needs to be linked to an eligible NAB transaction account. The only way to transfer funds in or out of the NAB iSaver is through your linked account. So, you could have the funds deposited into your linked transaction account, and then immediately transfer them to your iSaver on settlement day.
Hope this helps!
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Dianne
December 28, 2023
I have a nab account already. If I open an isaver account will I receive the high interest rate for 4 months?
Sarah Megginson Finder
January 05, 2024
Hi Dianne, yes you can open an account and get the bonus interest rate. As an existing customer, you should be able to open the account online through your internet banking profile.
Hope this helps!
Gus
March 18, 2023
I took up NAB 4% introductory offer and expected no fees on withdrawals as advertised. This is not true. If I want to move money, I have to move it into the current account and then if the transfer is more than $30,000 I have to pay a $35 fee. How is this free? Was I misinformed by NAB staff?
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Alison Banney Finder
March 20, 2023
Hi Gus,
According to NAB’s site and the PSD document there shouldn’t be a fee for making an internal transfer. However, if it’s an international transfer a fee may be charged.
We suggest you get in touch with NAB directly to clarify why this fee would be charged.
Thanks,
Alison
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David
November 22, 2022
We have just less than $1m from the recent sale of our house but expect to use a large proportion of that witching six months on the purchase of a new house. If we deposit this in a NAB iSaved account, will be receive 3.5% or thereabouts regardless of when we complete a major redraw?
Alison Banney Finder
December 02, 2022
Hi David,
This account currently offers 3.5% p.a. for the first 4 months after opening the account. There are no conditions to meet to earn this (except you need to be a new customer). You can make withdrawals at any time and still earn this rate for the first 4 months.
Thanks,
Alison
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Teresa
November 28, 2025
Will I get paid the 4.45% introductory rate if I close my account after 4 months?