The NAB Reward Saver is a simple savings account with a 5.00% interest rate designed to help customers reach their savings goals if they stay savvy with their saving, along with all the features you'd expect from a major bank.
NAB's Reward Saver incentivises saving by offering customers a 5.00% p.a. total 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 0.35% p.a. - 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. You are also able to utilise joint accounts.
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.
The NAB Reward Saver is perfect for anyone looking to start a savings regime and stick to it - especially if you know you can stick to those savings conditions!
Make sure you stick to the strict deposit and withdrawal conditions to keep that 5.00% p.a. total rate, or you'll be hit with the lower 0.35% p.a. standard rate.
Balances from $1: 0.35% p.a. |
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Balances from $1: 5.00% p.a. |
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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 calculates it using your daily closing balance throughout the month. |
$0.00 |
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n/a |
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unlimited free transactions from branch, internet and phone |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$0.00 |
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n/a |
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$0.00 |
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$0.00 |
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n/a |
$0.00 |
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$0.00 |
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Monthly |
no |
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n/a |
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no |
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no |
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no |
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yes |
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no |
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yes |
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yes |
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no |
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no |
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none |
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none |
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none |
What I like most about NAB is that they don't sting you with random fees, which is what I experienced with a previous bank. I feel like they have the customers best interests in mind (as much as a bank can). Support is easy to get a hold of and always has been helpful and polite. Can't really list any cons apart from potentially could get better interest rates with another bank
Read full reviewWhat I like most about NAB is that they don't sting you with random fees, which is what I experienced with a previous bank. I feel like they have the customers best interests in mind (as much as a bank can). Support is easy to get a hold of and always has been helpful and polite. Can't really list any cons apart from potentially could get better interest rates with another bank
I like everything about the nab bank
Read full reviewI like everything about the nab bank
Good bank offering good products and services
Read full reviewGood bank offering good products and services
Never had a problem.
Read full reviewNever had a problem.
Great
Read full reviewSavings Maximiser
5.50% p.a. (for $0 to $100,000)
0.55% p.a.(for $0 and over)
Yes up to $250,000
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
Yes up to $250,000
Savings Account
5.35% p.a. (for $0 to $250,000)
4.75% p.a.(for $0 to $1,000,000)
Yes up to $250,000
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
4.40% p.a.(for $0 to $250,001)
Yes up to $250,000
Savings+Bonus
5.00% p.a. (for $0 to $250,000)
2.00% p.a.(for $0 to $250,000)
Yes up to $250,000
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Life - 18-29 years old
5.20% p.a. (for $0 to $30,000)
2.00% p.a.(for $0 and over)
Yes up to $250,000
Savings Accelerator
3.35% p.a. (for $0 to $50,000)
2.85% p.a.(for $0 to $50,000)
Yes up to $250,000
Savings Account
5.35% p.a. (for $0 to $250,000)
Yes up to $250,000
4.75% p.a.(for $0 to $1,000,000)
Savings Maximiser
5.50% p.a. (for $0 to $100,000)
Yes up to $250,000
0.55% p.a.(for $0 and over)
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
0% p.a.(for $0 and over)
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
0.05% p.a.(for $0 and over)
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
Yes up to $250,000
4.40% p.a.(for $0 to $250,001)
Savings+Bonus
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
2.00% p.a.(for $0 to $250,000)
Life - 18-29 years old
5.20% p.a. (for $0 to $30,000)
Yes up to $250,000
2.00% p.a.(for $0 and over)
Savings Accelerator
3.35% p.a. (for $0 to $50,000)
Yes up to $250,000
2.85% p.a.(for $0 to $50,000)
Reward Saver Account
0% p.a.(for $0 and over)
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
Bonus Saver Account
0.05% p.a.(for $0 and over)
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
Kids Bonus Saver
0.05% p.a.(for $0 and over)
0.85% p.a. (for $5,556 to $50,001)
Yes up to $250,000
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
3.01% p.a. (for $0 and over)
Yes up to $250,000
Progress Saver
0.01% p.a.(for $0 and over)
4.25% p.a. (for $0 and over)
Yes up to $250,000