Interest rate
0.01% p.a.(for $0 and over)
Maximum rate
0.30% p.a. (for $0 and over)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review NAB Reward Saver - last updated: 10 March 2021

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What's hot
  • Special 0.30% p.a rate
  • Unlimited branch, phone and internet transactions
What's not
  • 0.01% p.a standard rate
Mozo snapshot

The NAB Reward Saver is a simple savings account with a 0.30% interest rate that is designed to help customers reach their savings goals, with all the features you'd expect from a major bank. 

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Key features

NAB's Reward Saver incentivises saving by offering customers a 0.30% special interest rate if they make at least one deposit a month and refrain from making any withdrawals. The breaking of these conditions results in the interest rate reverting to a paltry 0.01% - 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.

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Who is it good for

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

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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 16 October 2021. 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: 0.01% p.a.

Balances from $0: 0.30% p.a.

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). If you earn bonus interest, NAB calculate it using your daily closing balance throughout the month.

Fees

$0.00

n/a

unlimited free transactions from branch, internet and phone

n/a

n/a

n/a

$0.00

$0.00

n/a

$0.00

$0.00

n/a

Other financial bits

$0.00

$0.00

Monthly

Features

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none

no

no

no

yes

no

yes

yes

no

no

none

none

none

Customer Reviews

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