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  • NAB term deposit reviews

    How are NAB term deposits rated by the Mozo community?

    77%

    Overall Mozo Community rating: 7.7 out of 10

    NAB term deposits

    Overall rating: 7.7 (41 reviews)

    Last reviewed: 25 January 2012


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    Reviews: 139

    Thumbs up: 120 | Thumbs down: 18

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    Featured term deposit from NAB

    • Term Deposit
    • interest rate

      5.00%
    • minimum deposit

      $5,000.00

    Other term deposits

    • Bankwest tddirect
    • interest rate

      5.05%
    • minimum deposit

      $1,000.00
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    • Term Deposit - QLD and WA
    • interest rate

      5.10%
    • minimum deposit

      $1,000.00
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    Recent NAB term deposit reviews

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        1. Overall customer rating
        2. (Reviewed 11 days ago)

      I liked it when their interest rates where better. It is a good way to earn interest without being tempted to take money out.       Full review 

      I liked it when their interest rates where better. It is a good way to earn interest without being tempted to take money out.


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      NAB Term Deposit reviewed by Dianne from South Australia

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        1. Overall customer rating
        2. (Reviewed 12 days ago)

      I always have to line up to go to their City branch..which is a pain. And as I am not into internet banking, having to call them on the phone is a real drag, takes too long, and is impersonal. I used to have a "personal banker"....but this servi...       Full review 

      I always have to line up to go to their City branch..which is a pain. And as I am not into internet banking, having to call them on the phone is a real drag, takes too long, and is impersonal. I used to have a "personal banker"....but this service went from good to almost non existent over 15 years...


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      NAB Term Deposit reviewed by John from Victoria

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    • helpful bank officers, always polite

        1. Overall customer rating
        2. (Reviewed 13 days ago)

      I find that if you ask for the best possible rate at the time the bank officer will generally go out of their way to help you. It's best to have some figures from other banks to help you get the interest rate that you want.       Full review 

      I find that if you ask for the best possible rate at the time the bank officer will generally go out of their way to help you. It's best to have some figures from other banks to help you get the interest rate that you want.


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      NAB Term Deposit reviewed by Grace from Victoria

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        1. Overall customer rating
        2. (Reviewed 18 days ago)

      As I rely on term deposits, shopping around for the best interest rate is very important. I recently moved a term deposit from another institution as NAB offered a much better rate and were willing to go the extra mile to get my business. Staff ve...       Full review 

      As I rely on term deposits, shopping around for the best interest rate is very important. I recently moved a term deposit from another institution as NAB offered a much better rate and were willing to go the extra mile to get my business. Staff very knowledgable and friendly, highly recommend NAB Nothings A Bother


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      NAB Term Deposit reviewed by Richard from New South Wales

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed 26 days ago)

      I am secure in knowledge that my investment is being managed by a trustworthy company and a good interest rate.       Full review 

      I am secure in knowledge that my investment is being managed by a trustworthy company and a good interest rate.


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      NAB Term Deposit reviewed by David from Victoria

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        1. Overall customer rating
        2. (Reviewed 3 months ago)

      Each time we have asked for their help & advice we have always been steered in the right direction, even if it's felt a bit painful at the time, in the long run this has turned out in our favor,       Full review 

      Each time we have asked for their help & advice we have always been steered in the right direction, even if it's felt a bit painful at the time, in the long run this has turned out in our favor,


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      NAB Term Deposit reviewed by Christine from Victoria

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      Yes
        1. Overall customer rating
        2. (Reviewed 3 months ago)

      The account is only accessible via Internet banking, so makes it difficult if not connected to net. But otherwise is quite easy to transfer funds between accounts & rollover funds each 4 months when the term deposit ends or the interest rate drops...       Full review 

      The account is only accessible via Internet banking, so makes it difficult if not connected to net. But otherwise is quite easy to transfer funds between accounts & rollover funds each 4 months when the term deposit ends or the interest rate drops down.


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      NAB Term Deposit reviewed by Clare from Queensland

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        1. Overall customer rating
        2. (Reviewed 3 months ago)

      I have term deposits in the National. But their rates at present are lower than the Commonwealth. It is such a problem to change them into another bank, so think the NAB should keep up with other banks for the loyal customers.       Full review 

      I have term deposits in the National. But their rates at present are lower than the Commonwealth. It is such a problem to change them into another bank, so think the NAB should keep up with other banks for the loyal customers.


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      NAB Term Deposit reviewed by Barbara from Victoria

      1 person found this review helpful – do you?

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        1. Overall customer rating
        2. (Reviewed 3 months ago)

      It's not a question of liking or disliking the product. We knew we wanted to lock our money away in a Term Deposit, so we couldn't be tempted to get at it. But we encountered incredulousness from NAB staff about our tactics. They are too keen to p...       Full review 

      It's not a question of liking or disliking the product. We knew we wanted to lock our money away in a Term Deposit, so we couldn't be tempted to get at it. But we encountered incredulousness from NAB staff about our tactics. They are too keen to push borrowing more money. So my advice is to do your research before you talk with staff and be aware that they are their to SELL THEIR PRODUCTS which is not always how you want to use your money.


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      NAB Term Deposit reviewed by Dean from New South Wales

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed 4 months ago)

      I have invested with NAB now for 15 years and have been with NAB since 41 years. I have found their rates to be on par with other banks and their service in all the branches I have used all over Australia is excellent as you can see by my rating. ...       Full review 

      I have invested with NAB now for 15 years and have been with NAB since 41 years. I have found their rates to be on par with other banks and their service in all the branches I have used all over Australia is excellent as you can see by my rating. I found only pros and no cons.


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      NAB Term Deposit reviewed by Diane from Queensland

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        1. Overall customer rating
        2. (Reviewed 4 months ago)

      Term deposit is great, making money just from the interest building in your account. The interest rate is perfect as well.       Full review 

      Term deposit is great, making money just from the interest building in your account. The interest rate is perfect as well.


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      NAB Term Deposit reviewed by Joanne from Victoria

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        1. Overall customer rating
        2. (Reviewed 5 months ago)

      This term deposit has a high interest rate and you can add the interest to the original deposit, thus getting interest on top of interest for the following and subsequent year/s. Also they contact you by telephone to find out how you want to proce...       Full review 

      This term deposit has a high interest rate and you can add the interest to the original deposit, thus getting interest on top of interest for the following and subsequent year/s. Also they contact you by telephone to find out how you want to proceed when the year is up.


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      NAB Term Deposit reviewed by Angela from Victoria

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        1. Overall customer rating
        2. (Reviewed 5 months ago)

      Ease of having a term deposit & service + advice is excellent. People in the Morphett vale branch are always friendly & helpful       Full review 

      Ease of having a term deposit & service + advice is excellent. People in the Morphett vale branch are always friendly & helpful


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      NAB Term Deposit reviewed by Nanette from South Australia

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        1. Overall customer rating
        2. (Reviewed 5 months ago)

      When I shopped around to find a great rate they were the best. Staff were excellent and there are plenty of branches. They are a real bank with strength and experience.       Full review 

      When I shopped around to find a great rate they were the best. Staff were excellent and there are plenty of branches. They are a real bank with strength and experience.


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      NAB Term Deposit reviewed by Peter from Victoria

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        1. Overall customer rating
        2. (Reviewed 5 months ago)

      This product allows us to earn a good competitive interest rate in a safe environment with the option of being able to draw on our funds should the need arise. Most suitable to our needs.       Full review 

      This product allows us to earn a good competitive interest rate in a safe environment with the option of being able to draw on our funds should the need arise. Most suitable to our needs.


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      NAB Term Deposit reviewed by Lois from Western Australia

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        1. Overall customer rating
        2. (Reviewed 6 months ago)

      The manager sat down with me to discuss terms and rates. He was able to offer me a custom deal. When the deposit went to roll I got the same service over the phone.       Full review 

      The manager sat down with me to discuss terms and rates. He was able to offer me a custom deal. When the deposit went to roll I got the same service over the phone.


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      NAB Term Deposit reviewed by Kate from New South Wales

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        1. Overall customer rating
        2. (Reviewed 7 months ago)

      Best in customer service       Full review 

      Best in customer service


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      NAB Term Deposit reviewed by Ronald from New South Wales

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        1. Overall customer rating
        2. (Reviewed 7 months ago)

      When investing in Term Deposits with the NAB I find the rates extremely competetive. Term Deposits provide a better rate than a savings account. If you have some spare cash, lock it away. It is extremely easy to process via on-line banking and I ...       Full review 

      When investing in Term Deposits with the NAB I find the rates extremely competetive. Term Deposits provide a better rate than a savings account. If you have some spare cash, lock it away. It is extremely easy to process via on-line banking and I would highly recommend.


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      NAB Term Deposit reviewed by Neville from Victoria

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        2. (Reviewed 7 months ago)

      Staff are very helpful, they will always attempt to answer any questions I have and if they cant they will find someone who can.       Full review 

      Staff are very helpful, they will always attempt to answer any questions I have and if they cant they will find someone who can.


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      NAB Term Deposit reviewed by Diane from Victoria

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        2. (Reviewed 7 months ago)

      Excellent security, I had someone from Toronto accessing my account I was phoned immediately and the money they withdrew was put back in my account asap       Full review 

      Excellent security, I had someone from Toronto accessing my account I was phoned immediately and the money they withdrew was put back in my account asap


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      NAB Term Deposit reviewed by Sherrill butcher from Victoria

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        1. Overall customer rating
        2. (Reviewed 9 months ago)

      Instead of being offered the best interest rate first up (and we have had the term deposit for 2 years now, reinvesting bimonthly)we have to haggle back and forth until we get an acceptable rate by threatening to take our money to another bank/cre...       Full review 

      Instead of being offered the best interest rate first up (and we have had the term deposit for 2 years now, reinvesting bimonthly)we have to haggle back and forth until we get an acceptable rate by threatening to take our money to another bank/credit union. Pros: Hopefully the term deposit is safe as its one of the big 4 banks. Cons: We have a personal banker which makes it much easier than for Joe Blow who has to communicate with whoever they get when they telephone the generic NAB number.


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      NAB Term Deposit reviewed by Deidre from Western Australia

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        2. (Reviewed 9 months ago)

      After making a complaint regarding term deposit changes, the staff at our local NAB changed their attitude toward myself and my partner. Since then they have been on their toes 100%...especially since they identified through their internal invest...       Full review 

      After making a complaint regarding term deposit changes, the staff at our local NAB changed their attitude toward myself and my partner. Since then they have been on their toes 100%...especially since they identified through their internal investigation branch that a staff member (not our branch) had booked some tickets on Tiger Airlines on our credit card.....10/10 for me.We always know when our term deposits are nearing expiration, and we are given the choice of putting the interest in our savings or re-investing the whole amount.


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      NAB Term Deposit reviewed by Wendy from Western Australia

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        2. (Reviewed 9 months ago)

      iSaver Account - high interest. Quite a good product. They change the interest rate for new accounts now and then, so I just close one and open a new one when they do that! Branch staff very good.       Full review 

      iSaver Account - high interest. Quite a good product. They change the interest rate for new accounts now and then, so I just close one and open a new one when they do that! Branch staff very good.


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      NAB Term Deposit reviewed by Jan from South Australia

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        1. Overall customer rating
        2. (Reviewed 9 months ago)

      I am happy with NAB. Staff are friendly and helpful on phone, and face to face, i would recommend to family and friends. I will also stay with with NAB. Internet banking is very easy.... Im a happy customer - excited about my returns from term de...       Full review 

      I am happy with NAB. Staff are friendly and helpful on phone, and face to face, i would recommend to family and friends. I will also stay with with NAB. Internet banking is very easy.... Im a happy customer - excited about my returns from term deposit account :)


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      NAB Term Deposit reviewed by Samantha from Queensland

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        2. (Reviewed 9 months ago)

      I have a fixed bond with NAB. I rarely get mail on this product. I have to go into the branch each tax time and request a summary of interest earnt etc and this is because they will not do it over the phone. I tried accessing information on the ac...       Full review 

      I have a fixed bond with NAB. I rarely get mail on this product. I have to go into the branch each tax time and request a summary of interest earnt etc and this is because they will not do it over the phone. I tried accessing information on the account which I have had for over 10 years on the phone once and they asked me the name of the person whom I opened the account with!!! How would I know as it was over 10 years ago!


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      NAB Term Deposit reviewed by Donnalee from New South Wales

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        2. (Reviewed 9 months ago)

      like having a high interest rate. Makes it good for saving for a special occasion eg holiday etc.       Full review 

      like having a high interest rate. Makes it good for saving for a special occasion eg holiday etc.


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      NAB Term Deposit reviewed by Jill from Victoria

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        2. (Reviewed 9 months ago)

      It's a shame to see how the Bank no longer focuses on customers as that used to be one of its driving forces       Full review 

      It's a shame to see how the Bank no longer focuses on customers as that used to be one of its driving forces


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      NAB Term Deposit reviewed by Angela from New South Wales

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        2. (Reviewed 9 months ago)

      I feel that the interest rates are extremely poor. I had a term deposit some years ago now and I received 15-17% interest over 6 months. Now it is only 7%. Leaves a lot to be desired.       Full review 

      I feel that the interest rates are extremely poor. I had a term deposit some years ago now and I received 15-17% interest over 6 months. Now it is only 7%. Leaves a lot to be desired.


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      NAB Term Deposit reviewed by Pam from Western Australia

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        2. (Reviewed 9 months ago)

      i dislike this product due to the hidden charges not being made clear to me on sign up. i would also like more controll having the ability to stop further payments being made if i am not happy with the service or product supplied to me upon purchase       Full review 

      i dislike this product due to the hidden charges not being made clear to me on sign up. i would also like more controll having the ability to stop further payments being made if i am not happy with the service or product supplied to me upon purchase


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      NAB Term Deposit reviewed by a Mozo reviewer from Western Australia

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        2. (Reviewed 10 months ago)

      I have been very happy with my term deposit with the nab. I am personally contacted by a 'real'person from the branch as my term is nearing its end to see what I would like to do. I very much like this personal service.       Full review 

      I have been very happy with my term deposit with the nab. I am personally contacted by a 'real'person from the branch as my term is nearing its end to see what I would like to do. I very much like this personal service.


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      NAB Term Deposit reviewed by Lynne boin from New South Wales

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