NAB savings accounts

4.0
Based on 5,143 NAB savings account product reviews.
Fact Checked
Last updated

Overview

NAB is one of Australia’s ‘big four banks’, offering savings account options that cater to different needs. Whether you’re looking to build an emergency fund, save for a big purchase, or want somewhere to stash investment funds, NAB has something to fit the bill. 

Their offerings include the NAB Reward Saver, which rewards you for regular deposits; the NAB iSaver, offering greater flexibility for easy access to your funds; and the Cash Manager account, to help keep everydays savings separate from your investing capital.

Last updated 4 April 2025 Important disclosures
  • iSaver

    Maximum rate
    4.90 % p.a.
    (for $0 to $20,000,000)
    Bonus rate for the first 4 months from account opening. Introductory rate only applied to a customer's first NAB iSaver account.
    Standard rate
    1.75 % p.a.
    (for $0 and over)
    No Partner link
  • Reward Saver

    Maximum rate
    4.65 % p.a.
    (for $1 and over)
    To earn the bonus interest, you must make no withdrawals and at least one deposit in the month (NAB need to receive the deposit on or before the second last banking day of the month).
    Standard rate
    0.10 % p.a.
    (for $1 and over)
    No Partner link
  • Business Cash Maximiser

    Maximum rate
    0.90 % p.a.
    (for $10,000 and over)
    Standard rate
    0.00 % p.a.
    (for $0 to $10,000)
    No Partner link
  • Cash Manager

    Maximum rate
    0.45 % p.a.
    (for $0 and over)
    Standard rate
    0.45 % p.a.
    (for $0 and over)
    No Partner link

Sign up for rate alerts and news.

NAB savings account ratings

Overall customer rating for NAB savings accounts

4.0
Based on 5,143 product reviews.

Customer reviews

Important disclosures

FAQs

Is NAB a safe place to keep my savings?

Yes, NAB is an Authorised Deposit-taking Institution (ADI) regulated by the Australian Prudential Regulation Authority (APRA). Your deposits are protected under the Australian Government's Financial Claims Scheme, ensuring that up to $250,000 is safeguarded.

Can I open an account without being an existing customer?

Yes, you can open a NAB savings account as a new customer. However, you’ll need to link this account to an NAB transaction account. You'll also need to meet ID and residency requirements when you apply.

What do I need to open an account?
  • You must be at least 14 years old
  • Have an Australian residential address
  • Provide identification, such as a driver's licence or passport
How do I apply?

You can apply online through the bank’s website, via the NAB app, or in person at any branch.

What is the minimum deposit?

There is no minimum deposit required to open a NAB savings account.

How do I set up online banking?

You can register for NAB internet banking through the bank’s website or mobile app by providing your account details and following the prompts.

Are there any fees?

NAB’s savings accounts have no monthly account-keeping fees.

What happens if I don’t meet the bonus conditions?

If you don’t meet the conditions for the month, you may receive a lower interest rate on your balance.

Are there withdrawal limits?

If you make withdrawals from the NAB Reward Saver account you won’t qualify for the bonus interest rate. However, both the NAB iSaver account and Cash Manager account do allow for withdrawals.

How do I close my account?

You can close your account by visiting a NAB branch or contacting customer service for assistance.

NAB products

Savings account quick links


^See information about the Mozo Experts Choice Savings Account Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.