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NAB iSaver Account Review

Shirley Liu
Shirley Liu
Last updated:  

Earn 1.05% for 4 months with this flexible savings account from NAB.

The NAB iSaver Account offers a bonus interest rate of 1.05% for 4 months. There's no transaction fees and no account keeping fees, and you can make as many withdrawals from the account as needed while still earning interest.

1.05% p.a.

Maximum variable rate

0.05% p.a.

Base interest rate

1% p.a.

Bonus interest rate

for 4 months

Details

Product NameNAB iSaver
Maximum Variable Rate1.05% p.a.
Standard Variable Rate0.05%
Bonus Variable Rate1.00%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age16

Expert review

Shirley Liu

Review by

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

This account offers the bonus interest for balances up to $20,000,000.

Key features

No monthly fees

With NAB's iSaver you pay no monthly account keeping or maintenance fees.

Unlimited free transactions

Move funds in and out of the account as needed, without incurring fees, and keep earning interest on your balance.

Compare other NAB products

How to apply

If the NAB iSaver is right for you, you can apply online in a matter of minutes.

Eligibility

Before proceeding with the application, take a look at the following eligibility requirements:

  • Minimum age. In order to be eligible for this account you must be at least 16 years of age.
  • Residency requirements. Australian residents are eligible to apply for this account as well as individuals who are coming to Australia with a valid visa to study, work or live. For those individuals who are applying from outside of Australia, or who have been in the country for less than six weeks, there is a separate application form to fill out.

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8 Comments

  1. Default Gravatar
    John
    April 4, 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?

    Reply
    • Avatarfinder Customer Care
      Jeni
      April 6, 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

      Reply
  2. Default Gravatar
    Ray
    November 17, 2018

    After 4 months of iSaver introduction rate, are you able to renew for a further 4 months 2.55% rate?

    Reply
    • Avatarfinder Customer Care
      Jhez
      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

      Reply
  3. Default Gravatar
    Susan
    October 16, 2017

    I have funds on I-saver account. What is the maximum interest % I am earning on this account at the moment? Can you do better?

    Reply
    • Default Gravatar
      Jonathan
      October 16, 2017

      Hello Susan,

      Thank you for your inquiry.

      The current standard variable rate of this product is 1.05% per annum with bonus of 0.85% for the first 4 months, making it 1.90% per annum as introductory rate.

      You can check this page to see other high-interest offers that you may qualify for. We have a calculator at the top of the our comparison table for ease of reference.

      It is worth reminding to review their account opening requirements and Product Disclosure Statement, prior application.

      Hope this helps.

      Cheers,
      Jonathan

      Reply
  4. Default Gravatar
    Frank
    February 19, 2016

    If a portion of money is withdrawn or transferred within the term of the deposit, is there a penalty on interest earnt?

    Reply
    • Avatarfinder Customer Care
      Shirley
      February 22, 2016

      Hi Frank,

      Thanks for your question.

      If you withdraw or transfer money out of your term deposit before it’s maturity, an interest penalty generally applies.

      For exact penalties applied to your situation, please speak to NAB directly.

      Hope this helps.

      Reply
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