NAB term deposit

NAB offers Australians a term deposit to suit any savings goal, whether it’s next week or five years down the road.

The flexible NAB Term Deposit allows you to earn a fixed rate of interest on your savings for the short and long term. You can use the interest earned to augment your income now, or choose to have it help grow your savings by having it added at maturity.

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Product NameNAB Term Deposit
3 month interest rate0.10%
4 month interest rate0.10%
6 month interest rate0.20%
7 month interest rate0.20%
9 month interest rate0.25%
12 month interest rate0.25%
24 month interest rate0.30%
36 month interest rate0.30%
48 month interest rate0.30%
60 month interest rate0.30%
Minimum Opening Deposit$5,000
Minimum Age Requirement18
The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

Key features

No fees

There are no monthly or establishment fees charged to you for this term deposit.

Tiered interest rates

The interest rates for a term deposit with NAB are fixed and competitive, growing in value as you choose longer terms. They also have special rates, or "blackboard specials" periodically, allowing you to lock in a better rate for the length of your term.

Launch term deposit calculator

How to apply

If NAB's term deposit offers the rates and benefits that you need to reach your savings goal, you can apply online in under 15 minutes. Before you access NAB's secure application page, ensure that you are eligible to apply for this account and have the necessary documents handy.


  • Minimum age. You must be 18 years or older to qualify for this term deposit.
  • Residency requirements. Both permanent and temporary residents are eligible to apply provided that they are able to show a valid Australian residential address.

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    Default Gravatar
    June 19, 2019

    Please advise interest rate for term deposit 4 months.

      Avatarfinder Customer Care
      June 19, 2019

      Hi Frank,

      Thank you for your comment.

      According to our page, the 4-month interest rate for term deposit is 2.05%, and this is paid at maturity only.


    Default Gravatar
    April 1, 2019

    what is the monthly amount on term deposit $5,000 @2.5%

      Default Gravatar
      April 2, 2019

      Hi Dennis,

      Thanks for getting in touch! The 2.5% interest is only set and computed on the maturity date or 9 months after your term deposit and the final computation will be given by NAB. To obtain more information on this, we suggest contacting NAB directly.

      Hope this clarifies!


    Default Gravatar
    April 23, 2018

    What is 2.8% of $4000? If its worked on p.a., how much interest will I get on maturity in 4 months?

      Avatarfinder Customer Care
      April 24, 2018

      Hello Christine,

      Thank you for your comment.

      According to the term deposit saving calculator, 2.8% of $4000 in 4 months if compounded annually is $0.00, if compounded monthly is $37.46, if compounded daily is $37.51.

      If you’re interested in the NAB term deposit, please note that the minimum deposit is $5,000. Please refer to the other details above.


    Default Gravatar
    October 11, 2017

    I have self managed super account
    What is the best fixed term interest rate that you can offer for 6 Months

      Avatarfinder Customer Care
      October 11, 2017

      Hi John,

      Thank you for your inquiry.

      While we don’t provide a specific product recommendation, we can help guide you through the process of comparing your options. You can visit our page for a list of SMSF term deposits. On the page, is a comparison table you can use to see which account suits you. The table will let you see a side-side-side comparison of each account’s fixed rate for 6 months.

      Make sure to review the relevant Product Disclosure Statements/Terms and Conditions before opening an account.

      I hope this information has helped.


    Default Gravatar
    September 29, 2017

    Hi. In case a foreigner (non-resident) , can I apply for Term Deposit account in Australian banks. And how is taxable rate that have to pay for interest amount ? Tks.

      Default Gravatar
      September 30, 2017

      Hi MinD,

      Thanks for your inquiry

      Most banks will let non-residents open a term deposit even though you’re not a resident of Australia. However, not supplying a Tax File Number could trigger an automatic tax with-holding of approximately 48%, so if the applicant doesn’t have a TFN, it may not be tax-effective to open a term deposit in Australia. Banks should also have an exemption code that they can put in their system to override this for non-residents so that they’re taxed at the foreign resident marginal tax rates instead.

      Hope this information helps


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