NAB Reward Saver

0.50% p.a.(for $0 and over)

2.40% p.a. (for $0 and over)

NAB Reward Saver

0.50% p.a.(for $0 and over)

2.40% p.a. (for $0 and over)

Mozo Review   NAB Reward Saver Review

Last updated: 19 February 2019.

What's hot:
  • Special 2.40% p.a rate

  • Unlimited branch, phone and internet transactions

What's not:
  • 0.50% p.a standard rate

Mozo snapshot:

The NAB Reward Saver is a simple savings account with a competitive 2.40% interest rate that is designed to help customers reach their savings goals, with all the features you'd expect from a major bank. 

Key features:

NAB's Reward Saver incentivises saving by offering customers a great 2.40% special interest rate if they deposit at least once a month and make no withdrawals. The breaking of these conditions results in the interest rate reverting to a paltry 0.50% - something no serious saver wants to see. 

Customers have access to a wide variety of free depositing options with unlimited branch, phone and interest transactions coming as part of the package. 

The Reward Saver also has no limits or restrictions on account balance, allowing customers from all walks of life to get a good savings deal.

Who it's good for:

The NAB Reward Saver is perfect for anyone looking to start a savings regime and stick to it. 

Any catches?

Make sure you stick to the strict deposit and withdrawal conditions to keep that special rate. 

Details

Rates and fees information correct as at 19 March 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.50% p.a.

  • Balances from $0: 2.40% p.a.

  • To earn the bonus interest, you must make no withdrawals and at least one deposit in the month (we need to receive the deposit on or before the second last banking day of the month). If you earn bonus interest, we calculate it using your daily closing balance throughout the month.

Fees
  • $0.00

  • none

  • unlimited free transactions from branch, internet and phone

  • none

  • none

  • none

  • $0.00

  • $0.00

  • none

  • $0.00

  • $0.00

  • none

Other financial bits
  • $0.00

  • $0.00

  • Monthly

Features
  • no

  • none

  • no

  • no

  • no

  • yes

  • no

  • yes

  • yes

  • no

  • no

  • none

  • none

  • none

Customer Reviews

How are NAB savings accounts rated by the Mozo community?

Overall customer rating
7.9/10
Price
7.4/10
Features
6.8/10
Customer service
7.8/10
Convenience
8.0/10
Trust
7.9/10

Latest reviews of NAB Reward Saver

  • Overall
    10/10
    Good

    Good savings account.

    Good savings account.

    Price
    9/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Ejder | New South Wales

    reviewed 2 months ago

  • Overall
    10/10
    Amazing

    Everything about the NAB's savings account is spectacular.

    Everything about the NAB's savings account is spectacular.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Jason | Western Australia

    reviewed 4 months ago

  • Overall
    10/10
    Amazing

    Never had any quarrels banking with NAB.

    Never had any quarrels banking with NAB.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Karen | Victoria

    reviewed 4 months ago

  • Overall
    6/10
    I like NAB bank

    I like NAB but sometimes you have to call the office up if you can't fix the problem your self...

    I like NAB but sometimes you have to call the office up if you can't fix the problem your self and you're on the phone for a while.

    Price
    4/10
    Features
    4/10
    Customer service
    5/10
    Convenience
    8/10
    Trust
    6/10

    Naomi | New South Wales

    reviewed 5 months ago

  • Overall
    3/10
    Rate is not competitive, service should be better

    The interest rate is disgustingly low.

    The interest rate is disgustingly low.

    Price
    1/10
    Features
    1/10
    Customer service
    1/10
    Convenience
    6/10
    Trust
    6/10

    Bob | New South Wales

    reviewed 5 months ago

NAB

About NAB

National Australia Bank is one of the big four banks who provide a large variety of financial products to the Australian Community. In recent times NAB has set itself apart from the other big four banks; by expanding their ATM network, removing many fees and maintaining low standard variable home loan rates. NAB's changes to its financial products have made their home loan, credit card, loans, savings accounts and personal loans more competitive within the banking industry.

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