NAB savings and bank accounts

NAB offers 2 different bonus savings accounts and several different bank account to suit a range of customers.

4.1 ★★★★★ (158 reviews) Write a review
NAB

National Australia Bank (NAB) is one of Australia's Big Four banks. Take a look at the different NAB savings accounts and bank accounts in the table below to find the right one for you.

Did you know?

Citi deposit accounts were closed and moved to similar NAB branded accounts on 24 February 2024.

NAB savings accounts, transaction accounts and term deposits

NAB savings accounts

8 of 8 results
Finder Score Maximum interest rate Base interest rate Max rate type & duration Monthly Max Rate Conditions
NAB logo
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Maximum Variable Rate p.a.
4.15%
Standard Variable Rate p.a.
0.10%
Intro/Ongoing
Ongoing rate
(conditions apply)
1 deposit
No withdrawals
More info
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NAB logo
Finder score
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Maximum Variable Rate p.a.
4.45%
Standard Variable Rate p.a.
1.25%
Intro/Ongoing
4 month intro rate
More info
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NAB logo
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Maximum Variable Rate p.a.
0.20%
Standard Variable Rate p.a.
0.20%
Intro/Ongoing
Ongoing rate
(conditions apply)
More info
Compare product selection
NAB logo
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Maximum Variable Rate p.a.
1.60%
Standard Variable Rate p.a.
1.60%
Intro/Ongoing
Ongoing rate
(conditions apply)
Max rate applies on the portion of the balance $250,000 plus
More info
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NAB logo
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Maximum Variable Rate p.a.
0.50%
Standard Variable Rate p.a.
0.50%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balances $10,000 or more
More info
Compare product selection
NAB logo
Finder score
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Maximum Variable Rate p.a.
4.15%
Standard Variable Rate p.a.
0.10%
Intro/Ongoing
Ongoing rate
(conditions apply)
1 deposit
No withdrawals
More info
Compare product selection
NAB logo
Finder score
Finder score
Maximum Variable Rate p.a.
4.15%
Standard Variable Rate p.a.
0.10%
Intro/Ongoing
Ongoing rate
(conditions apply)
1 deposit
No withdrawals
More info
Compare product selection
NAB logo
Finder score
Finder score
Maximum Variable Rate p.a.
4.15%
Standard Variable Rate p.a.
0.10%
Intro/Ongoing
Ongoing rate
(conditions apply)
1 deposit
No withdrawals
More info
Compare product selection
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Showing 8 of 8 results

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 breakdown

Want more interest on your savings?

Compare now and find a better rate.

NAB bank accounts

5 of 5 results
Finder Score Monthly fee Govt. Guarantee Own network ATM fee Card type
Finder score
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore info
Compare product selection
NAB logo
Finder score
NAB Classic Banking Account
Apple Pay Google Pay Samsung Pay Garmin Pay
Finder score
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Get personalised cashback offers via the NAB app with NAB Goodies. T&Cs apply.
More info
Compare product selection
NAB logo
Finder score
NAB Business Interest Account ($10 Monthly Fee)
Apple Pay Google Pay Samsung Pay Garmin Pay
Finder score
Monthly fee
$10
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More info
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NAB logo
Finder score
NAB Foreign Currency Account
Apple Pay Google Pay Samsung Pay Garmin Pay16 currencies
Finder score
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More info
Compare product selection
NAB logo
Finder score
NAB Retirement Account
Apple Pay Google Pay Samsung Pay Garmin Pay
Finder score
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More info
Compare product selection
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Showing1 - 5 of 5 results

Finder Score for bank accounts

We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.

Read the full methodology

Looking for a better bank account?

Compare everyday accounts and find one that works harder for you.

NAB term deposits

3 of 3 results
Finder Score 3 Mths p.a. 6 Mths p.a. 10 Mths p.a. 12 Mths p.a. 24 Mths p.a.
NAB logo
Finder Score
NAB Term Deposit
$5,000 min. deposit
Finder Score
3 Mths p.a.
2.75%
6 Mths p.a.
3.00%
10 Mths p.a.
3.25%
12 Mths p.a.
3.70%
24 Mths p.a.
3.40%
More info
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NAB logo
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NAB Farm Management Deposits
$1,000 min. deposit
Finder Score
3 Mths p.a.
-
6 Mths p.a.
3.00%
10 Mths p.a.
-
12 Mths p.a.
3.70%
24 Mths p.a.
3.40%
More info
Compare product selection
NAB logo
Finder Score
NAB Business Term Deposit
$5,000 min. deposit
$1,999,999 max. deposit
Finder Score
3 Mths p.a.
2.75%
6 Mths p.a.
3.00%
10 Mths p.a.
3.25%
12 Mths p.a.
3.70%
24 Mths p.a.
3.40%
More info
Compare product selection
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Showing1 - 3 of 3 results

Finder Score for term deposits

Finder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.

Read the full methodology

Lock in a great rate

Compare term deposits to grow your savings with confidence.

Rates accurate as at: November 3rd, 2025 Learn about our information service

What do Australians think of National Australia Bank (NAB) bank account?

  • 3.89/5 overall for Customer Satisfaction - lower than the average of 4.11
  • 4.09/5 for Trust - lower than the average of 4.43
  • 3.82/5 for Customer Service - lower than the average of 4.07

Based on National Australia Bank (NAB) bank account scores in Finder's 2024 & 2025 Customer Satisfaction Awards.

Pros and cons of banking with NAB

Pros

  • Bank account with no fees. NAB is the only Big Four bank to offer a transaction account with no monthly account-keeping fee.
  • Variety of account types. NAB offers a few different bank account options and savings account options, instead of just the one.
  • Platinum Visa debit card. You have the choice of upgrading to a Platinum Visa Debit Card, which offers extra perks like no international transaction fees and cashback offers.
  • Contactless payments using your phone. NAB offers Apple Pay, Samsung Pay and Google Pay.
  • Bank branches and ATMs. NAB has lots of branches and ATMs across the county, so you shouldn't struggle to find a bank branch or ATM when you need one.

Cons

  • Less competitive. NAB's savings account rates are less competitive than others in the market.
  • Fewer app features. The NAB App has fewer digital saving and budgeting features compared to other banks.

How to apply for a NAB savings account

Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.

Compare other products from NAB

Sources

Your reviews

4.1
★★★★★(0)
5
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1

All user-submitted reviews must meet our review guidelines. These set out our standards and expectations, including that the review is from by a genuine user of the relevant product or service and that it is honest, authentic and respectful. We explicitly prohibit fake or otherwise misleading reviews and we check all submissions, but we make no guarantee as to the authenticity of any published review or reviewer. Some reviews may be submitted (regardless of sentiment) in exchange for entry into any competition(s) for which we are the promoter.

10 of 158 reviews

★★★★★ (NSW) 2 years ago

Via customer survey commissioned by Finder


★★★★★ De (NSW) 2 years ago

Via customer survey commissioned by Finder

Reliable performance


★★★★★ SnowySue (NSW) 2 years ago

Via customer survey commissioned by Finder

Easy to use app


★★★★★ Sago78 (NSW) 2 years ago

Via customer survey commissioned by Finder

Reliable easy useful


★★★★★ Bryson (SA) 2 years ago

Via customer survey commissioned by Finder

It has no other fees


★★★★★ Shroom-The-Room (QLD) 2 years ago

Via customer survey commissioned by Finder

It's a bank.


★★★★★ Shroom-The-Room (QLD) 2 years ago

Via customer survey commissioned by Finder

It's a bank


★★★★★ Lil Moo (QLD) 2 years ago

Via customer survey commissioned by Finder

NAB is absolutely perfect, shots all over the other banks


★★★★★ Lil Moo (QLD) 2 years ago

Via customer survey commissioned by Finder

Nab is the best bank in Australia, the rest seem like they were designed for children who don't know any better.


★★★★★ (NSW) 2 years ago

Via customer survey commissioned by Finder


Alison Banney's headshot
Written by

Editorial Manager, Money

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 bio

Alison's expertise
Alison has written 655 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
  • Budgeting and money-saving hacks
  • Managing the cost of living

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22 Responses

    Default Gravatar
    RaySeptember 17, 2024

    Will I be able to continue making cheque payments from my NAB retirement account

      Angus Kidman's headshotFinder
      AngusSeptember 19, 2024Finder

      Hi Ray, the NAB retirement account doesn’t appear to include any cheque facilities as standard. Note that cheque payments are being progressively removed in Australia and they won’t exist at all by 2027, so no matter which account you pick, you’ll need to move to direct debits or bank transfers at some point in the near future, no matter which account you’re using.

    Default Gravatar
    kevinMay 20, 2024

    How do I open up another a\c, I wish to have another a\c to place my pension.

      Sarah Megginson's headshotFinder
      SarahMay 24, 2024Finder

      Hi Kevin,

      If you have access to internet banking, you should be able to open an account within that platform. If not, you can contact NAB on 13 22 65 for customer support.

    Default Gravatar
    kevinMay 20, 2024

    Hi, i have an existing a\c but would like to open another, I am on a disability pension, aged 62. Do you offer an a\c for people like myself,, I wish to transfer my fortnightly payments from centre link into a new a\c. ANZ has a specific a\c for people like myself, I think it would be much easier to start a new a\c with you.

      Sarah Megginson's headshotFinder
      SarahMay 30, 2024Finder

      HI Kevin,

      You can contact NAB directly for customer support on this query – you can reach them on 13 22 65.

      Best of luck!

    Default Gravatar
    BradMarch 22, 2023

    Hi – I want to open a saver account in my SMSF.
    I have $250k to invest / put on deposit.
    Am I able to open an account in my smsf name and get the 4.25% interest rate?
    Thanks
    Brad

      Raj Lal's headshotFinder
      RajMarch 27, 2023Finder

      Hi Brad,
      Based on NAB’s SMSF cash products portfolio, they don’t offer a savings products where you can earn the 4.25%. However, they offer SMSF term deposits if it interests you or check our SMSF bank accounts page for other SMSF banking products.

      Thanks
      Raj

    Default Gravatar
    RichaDecember 14, 2021

    Why does the retirement account show a maximum rate of .25% and a .01% minimum rate?

      Alison Banney's headshotFinder
      AlisonJanuary 26, 2022Finder

      Hi Richa,

      The maximum rate represents the highest possible rate that you can get from NAB’s Retirement account.

      You earn 0.25% when your balance is above $250,000.

      You earn 0.15% when your balance is $50,000 to $249,999.

      You earn 0.01% when your balance is $10,000 to $49,999.

      I hope this helps.

      Cheers,
      Alison

Read more on NAB Accounts

  • NAB Now Pay Later

    With no interest and no late fees, NAB Now Pay Later allows customers to spread the cost of purchases over 4 fortnightly payments.

  • NAB Retirement Account

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

  • NAB Cash Manager

    The Cash Manager is a no fee interest bearing 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 can manage your purchases and cash withdrawals.

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