The NAB Reward Saver is a simple savings account with a 0.40% interest rate that is designed to help customers reach their savings goals, with all the features you'd expect from a major bank.
NAB's Reward Saver incentivises saving by offering customers a 0.40% 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 0.05% - 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.
The NAB Reward Saver is perfect for anyone looking to start a savings regime and stick to it.
Make sure you stick to the strict deposit and withdrawal conditions to keep that special rate.
Balances from $0: 0.05% p.a.
Balances from $0: 0.40% 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.
$0.00
n/a
unlimited free transactions from branch, internet and phone
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n/a
n/a
$0.00
$0.00
n/a
$0.00
$0.00
n/a
$0.00
$0.00
Monthly
no
none
no
no
no
yes
no
yes
yes
no
no
none
none
none
Three times today I went to open another reward saver, First at 10 am- too busy. Again at 11.45. No one available. 3.45 pm. To late can't open an account or close an account after 3,30 pm (not one customer in bank and the bank already had my details). I was told I could use Internet. At age 72 I do not trust myself with Internet banking. What is happening to the usual service. All new girls in bank. Bring back the previous staff.
Read full reviewThree times today I went to open another reward saver, First at 10 am- too busy. Again at 11.45. No one available. 3.45 pm. To late can't open an account or close an account after 3,30 pm (not one customer in bank and the bank already had my details). I was told I could use Internet. At age 72 I do not trust myself with Internet banking. What is happening to the usual service. All new girls in bank. Bring back the previous staff.
Have been with the NAB for over 20 years and I have never had a problem. Customer service is fantastic.
Read full reviewHave been with the NAB for over 20 years and I have never had a problem. Customer service is fantastic.
It is a simple product that is easy to use. It does exactly what it should.
Read full reviewIt is a simple product that is easy to use. It does exactly what it should.
My branch has handy smart ATMs inside and outside to do cash deposits, so it avoids lining up in queues when branch is busy and also feel safer using when its inside the branch on shopping centre opening hours.
Read full reviewMy branch has handy smart ATMs inside and outside to do cash deposits, so it avoids lining up in queues when branch is busy and also feel safer using when its inside the branch on shopping centre opening hours.
Easy to use. Friendly customer service.
Read full reviewEasy to use. Friendly customer service.
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.
MyState Bank
Bonus Saver Account
1.20% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
HSBC
Serious Saver
0.30% p.a. (for $0 to $1,000,000)
0.15% p.a.(for $0 and over)
Yes up to $250,000
Bankwest
Hero Saver
0.80% p.a. (for $0 to $250,001)
0.01% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Citi
Online Saver
1.10% p.a. (for $0 to $500,000)
0.35% p.a.(for $0 and over)
Yes up to $250,000
HSBC
Flexi Saver
0.25% p.a. (for $0 to $5,000,000)
0.05% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Bank of Queensland
Fast Track Saver Account
1.05% p.a. (for $1 to $250,000)
0.05% p.a.(for $1 and over)
Yes up to $250,000
MyState Bank
Bonus Saver Account
1.20% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
HSBC
Serious Saver
0.30% p.a. (for $0 to $1,000,000)
0.15% p.a.(for $0 and over)
Yes up to $250,000
Bankwest
Hero Saver
0.80% p.a. (for $0 to $250,001)
0.01% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Citi
Online Saver
1.10% p.a. (for $0 to $500,000)
0.35% p.a.(for $0 and over)
Yes up to $250,000
HSBC
Flexi Saver
0.25% p.a. (for $0 to $5,000,000)
0.05% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Bank of Queensland
Fast Track Saver Account
1.05% p.a. (for $1 to $250,000)
0.05% p.a.(for $1 and over)
Yes up to $250,000
Bankwest
Hero Saver
0.01% p.a.(for $0 to $5,000,000)
0.80% p.a. (for $0 to $250,001)
Yes up to $250,000
ANZ
Progress Saver
0.01% p.a.(for $0 and over)
0.40% p.a. (for $0 and over)
Yes up to $250,000
Newcastle Permanent
Smart Saver
0% p.a.(for $0 and over)
1.40% p.a. (for $0 and over)
Yes up to $250,000
Auswide Bank
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
2.01% p.a. (for $0 and over)
Yes up to $250,000
