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The NAB iSaver Account offers a bonus interest rate of 0.8% 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.
0.80% p.a.
Maximum variable rate
0.3%p.a.
Base interest rate
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Product Name | NAB iSaver |
---|---|
Maximum Variable Rate | 0.80% p.a. |
Standard Variable Rate | 0.30% p.a. |
Monthly Account Fee | $0 |
Minimum Opening Deposit | $0 |
Minimum Age | 16 |
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.
This account offers the bonus interest for balances up to $20,000,000.
8 Comments
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?
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
November 17, 2018
After 4 months of iSaver introduction rate, are you able to renew for a further 4 months 2.55% rate?
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
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?
October 16, 2017
Hello Susan,
Thank you for your inquiry.
The current standard variable rate of this product is 1.05% per annum with a bonus of 0.85% for the first 4 months, making it 1.90% per annum as an introductory rate.
You can see other high-interest savings account that you may qualify for. We have a calculator at the top of our comparison table for ease of reference. Once you have chosen a particular account, you may then click on the “Go to site” button to be redirected to the bank’s website where you can proceed with your application or get in touch with their representatives for further assistance.
It is worth reminding to review their account opening requirements and Product Disclosure Statement, prior to application.
Hope this helps.
Cheers,
Jonathan
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?
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.