Earn 5% p.a. for 4 months with this flexible savings account from NAB.
This account offers a variable rate of 5% p.a. for the first 4 months for balances up to $20,000,000. 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 while still earning interest.
However, after the introductory period ends your interest rate will revert to the standard variable rate of 2% p.a.. This rate is a lot lower than 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.
This account offers a variable bonus interest rate of 5% p.a. for the first 4 months after opening the account, with no deposit conditions to meet. You can also make as many withdrawals from the account as needed while still earning interest.
After the introductory period you’ll earn an ongoing variable rate of 2% p.a. with no conditions to meet.
| Product Name | NAB iSaver |
| Maximum Variable Rate | 5.00% p.a. |
| Standard Variable Rate | 2.00% p.a. |
| Monthly Account Fee | $0 |
| Minimum Opening Deposit | $0 |
| Minimum Age | 14 |
Alison Finder
Editor
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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?
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
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
John
April 04, 2019
Can you advise the cost of transfer of transferring say $50,000.00 to a Singapore bank account with another bank from a NAB savings account.
Can you advise how much for an internet transfer and an over the counter transfer of $50,000.00?
Jeni Finder
April 05, 2019
Hi John,
Thank you for getting in touch with Finder.
For this large sum money transfer, it is best that you contact NAB directly for a more accurate info on this matter.
I hope this helps.
Thank you and have a wonderful day!
Cheers,
Jeni
Ray
November 17, 2018
After 4 months of iSaver introduction rate, are you able to renew for a further 4 months 2.55% rate?
Jhezelyn Finder
November 30, 2018
Hello Ray,
Thank you for your comment.
Please note that the 4-month 2.55% p.a. interest rate is an introductory offer. The interest rate is the total of 0.50% p.a.Standard Variable Rate and 2.05% p.a. Bonus Variable Rate. Unfortunately, the introductory offer of 4 months is not renewable.
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
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?