NAB Reward Saver

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

2.50% p.a. (for $0 and over)

 

NAB Reward Saver Review

Rates and fees information correct as at 16 December 2017.

Review published: 18 December 2013

What's hot:

  • Special 2.5% p.a rate

  • Unlimited branch, phone and internet transactions

  • Mozo Experts Choice - Major Bank Award Winner 2017

What's not:

  • 0.50% p.a standard rate

Mozo snapshot:

The NAB Reward Saver is a simple savings account with a competitive 2.5% interest rate that is designed to help customers reach their savings goals. It was awarded the Major Bank Award in the Mozo Experts Choice Regular Saver category.  

Key features:

NAB's Reward Saver incentivises saving by offering customers a great 2.5% 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. 

How are NAB savings accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
8.3

Based on 1916
NAB savings accounts reviews

7.7 7.3 8.2 8.2 8.3

Read NAB savings account reviews by the Mozo community

Latest reviews of NAB Reward Saver

NAB

NAB Reward Saver savings account review

Overall rating   10 / 10

Staff that care.

The staff at my local NAB branch have always been wonderful & caring.

Full review

The staff at my local NAB branch have always been wonderful & caring.

    Price   -1 / 10

    Features   7 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Jane (QLD), reviewed 8 days ago

NAB

NAB Reward Saver savings account review

Overall rating   10 / 10

Very convenient could not be happier

Totally happy right across the board I recommend to all my friends

Full review

Totally happy right across the board I recommend to all my friends

    Price   10 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Colin (NSW), reviewed 8 days ago

NAB

NAB Reward Saver savings account review

Overall rating   6 / 10

Keeps you on track with your savings

This is a good account for my rainy day fund as it makes me stick to my savings plan because if I don't deposit money into it each month I don't get the highest interest rate. You can set up automatic payments from the app which is also good....

Full review

This is a good account for my rainy day fund as it makes me stick to my savings plan because if I don't deposit money into it each month I don't get the highest interest rate. You can set up automatic payments from the app which is also good. Savings rates are pretty dismal right now so NAB could do more on this front for its customers, especially with their profit margins!

    Price   6 / 10

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Kylie (NSW), reviewed 29 days ago

NAB

NAB Reward Saver savings account review

Overall rating   10 / 10

Great provider

The branch I am with have very welcoming staff. They are helpful and offer new options for your banking.

Full review

The branch I am with have very welcoming staff. They are helpful and offer new options for your banking.

    Price   9 / 10

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Mardi (VIC), reviewed 6 months ago

NAB

NAB Reward Saver savings account review

Overall rating   8 / 10

Easy to use website for online banking

Good low credit card rate.

Full review

Good low credit card rate.

    Price   10 / 10

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Nola (NSW), reviewed 6 months ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • Balances from $0: 0.50% p.a.

  • Balances from $0: 2.50% 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

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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