NAB provides a very quick and easy start-up. I travel a lot, and NAB provides travel cards, that can be used anywhere, with any currency. The travel card came within 2 days. This is the same for regular debit/credit cards. I am also able to open accounts very easily. I believe their rates are very genuine, and good quality for the service you receive. NAB offers very good interest rates, which allow debts to be paid back, as well as earning a reasonable amount of interest per year. NAB provides Many different interest types, like 6 monthly, monthly, and annually. The staff in my local bank are very genuine, and very patient. Highly recommend.
Pros - security a larger bank provides, and are now passing on the interest rate cuts. Reasonable customer service. Cons - sometimes is a lack of trust, and have to constantly keep checking that I'm not being surcharged for using other ATM's and that the interests rates are being amended.
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Savings account comparisons on Mozo - rates updated daily
High Interest Savings Account
2.25% p.a.(for $0 to $250,001)
standard interest rate
0.80% p.a.(for $0 to $250,001)
Govt Deposit Guarantee
Yesup to $250,000
Bonus rate for the first 4 months from account opening
Ongoing bonus rate applied if in the previous month $1,000 or more is credited to the linked Day2Day Plus account and 5 eligible transactions are made by the linked account. (This second requirement has been paused until 31 August 2020).
Ongoing bonus rate if you make at least four tap & go™ payments per month with your Everyday Transaction Account debit card. Purchases must be processed in calendar month to be eligible for bonus interest.
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