In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.

NAB Reward Saver account

  • Avatar
NAB Reward Saver

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

Compare other options
Maximum variable rate
5.00% p.a.
Base interest rate
Minimum deposit

Our verdict

Earn up to 5% p.a. when you make no withdrawals and at least 1 deposit by the second last banking day of the month.

This account offers a variable bonus interest rate of 5% p.a. each month you make no withdrawals and at least 1 deposit throughout the month. There’s no set amount you need to deposit which makes this account quite flexible, however the strict withdrawal restrictions could make it difficult to earn the bonus rate. If you do make a withdrawal or fail to deposit any month in the month, you’ll earn the standard rate of just 0.35%.

In terms of the interest on offer, you can get a much better rate elsewhere while also being able to make withdrawals when you need to.

However, if you’ve got another NAB banking product and want to open a savings account with the same bank to easily track your finances in the one place, this could be a good option. Just make sure you only deposit what you don’t plan to spend, otherwise you’ll earn next to no interest if you do make a withdrawal. If you find yourself regularly dipping into your savings for impulse purchases, the strict withdrawal conditions could actually motivate you to keep your savings in place.


  • $0 monthly account fees
  • Make 1 deposit of any amount during the month to earn bonus interest


  • To earn bonus interest, you can't make any withdrawals
  • Interest rate is lower than other savings accounts in the market

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

The NAB Reward Saver is a bonus savings account that rewards you with a higher interest rate when you continue to grow your savings. All you need to do to earn the total variable 5% p.a. interest rate is make no withdrawals and at least 1 deposit by the second last banking day of the month (this is any day that’s not a weekend or public holiday).


Key details

Product Name NAB Reward Saver
Maximum Variable Rate 5.00% p.a.
Standard Variable Rate 0.35% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 14

Key features

Earn a total variable interest rate of 5% p.a.

You can earn a total variable interest rate of 5% p.a. each month you make no withdrawals and at least 1 deposit of any amount. You need to make your deposit by the second last banking day of the month, which is any day that's not a weekend or public holiday, in order to be eligible for bonus interest.

If you don't meet the conditions one month you'll earn the variable base rate of 0.35% p.a..

The interest rate is variable, which means it can change at any time.

Accessible in many ways

You can access your account through your local NAB branch, the NAB app, or online through Internet banking.

How to apply

You can apply online or in the NAB app in less than 10 minutes. You also don't need to be a current NAB customer to apply online.

Eligibility to apply online

Before you start, check if you're eligible to apply online.

  • At least 14 years old
  • You're an Australian resident for tax purposes
  • You can apply for either an individual or joint account

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question

Alison Finder


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

Error label

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • 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 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

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



August 08, 2023

I am a NAB customer holding different types of accounts and products with them. I’ve been living overseas the last few years, and want to open a reward saver account so i can transfer savings from my existing classic account. I’m not sure why i need to be an Australian resident to apply, when I still have all these existing NAB accounts open. Even if i did earn interest on the account, I would still declare this through my AUS annual tax return, so i find it difficult to understand why i can’t open the account while i’m living abroad.

Show more Show less

June 08, 2023

to get 4.5% the max amount to deposit $49.999. what if I got $200.000 to deposit. How would I do that.


Alison Banney Finder

June 22, 2023

Hi Joseph, different rates apply to different balances. Currently this account has a variable interest rate of 4.75% p.a. for balances between $50,000 and $250,000.



March 10, 2023

What I about if I am from other country is it possible for me to invest?


Alison Banney Finder

March 13, 2023

Hi Victor,

You need to be an Australian resident with an Australian residential address to open this account.





March 10, 2023

What is the maximum amount that can be deposited into the account? And is the money at call at any time?


Raj Lal Finder

March 22, 2023

Hi John,

The maximum amount you can deposit into the NAB Reward Saver Account is $49,999. The account does have conditions to meet for you to earn the bonus interest including making no withdrawals each month and at least 1 deposit throughout the month.





November 16, 2018

What day of the month is the interest applied? First? Last?


Nikki Angco

November 20, 2018

Hi Sam,

Thanks for getting in touch. The NAB Reward Savers account’s interest rate is calculated daily and paid monthly. It’ll be calculated at the total rate if you make at least one deposit before the second last banking day of that month and no withdrawals during that month, or, if you haven’t, you’ll still get your variable base rate.

Hope this was helpful. Don’t hesitate to message us back if you have more questions.



Show more Show less
Go to site