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NAB

NAB savings accounts

NAB’s Reward Saver account has no monthly fees and no transaction fees. Customers can earn bonus interest for each month in which they make a deposit and make no withdrawals. Another option is NAB’s iSaver account, which offers a bonus introductory interest rate for the first four months, and lets you access your savings whenever you need them.

NAB was founded in 1858 and has operations in New Zealand, Asia, the US and the UK. The bank employs more than 35,000 staff who serve 10 million customers at more than 800 locations around the world. NAB also offers term deposits, credit cards, home loans, car loans, personal loans and insurance.

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Nick Bendel avatar
Nick Bendel
Property & Personal Finance Writer
Content updated10 May, 2021
Product data updated
Fact Checked

Important disclosure

Why choose NAB

Benefits

  • No monthly fees and no transaction fees

Drawbacks

  • Maximum interest rate comes with conditions

NAB Savings Accounts

Starting deposit

$

Monthly deposit

$

For time period (in months)

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5.00%

0.35%

$27

$284

Reward Saver
  • App banking
  • Online banking

5.00%

2.00%

$22

$164

iSaver
  • Intro offer rate
  • App banking
  • Online banking
  • Linked account required

Savings Accounts calculator

Use our savings account calculator to see how much you can earn under different investment scenarios.

$
$
months

Your monthly interest earned would be

at interest rate 5.00 %

Total interest earned

$284

Total amount

$6,484

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.