NAB iSaver
NAB iSaver
Mozo Review NAB iSaver Review
Last updated: 14 June 2019.
What's hot:
2.30% p.a special rate (first four months)
No deposit requirements or withdrawal restrictions
Mozo Experts Choice Awards Winner 2017
What's not:
Must have an eligible NAB everyday account
Mozo snapshot:
Everything seems to come with an 'i' these days: iPad, iCloud... now there's the NAB iSaver. As the name suggests the NAB iSaver is made for your personal savings, offering a 2.30% intro rate, clear of bank fee and transaction fees and balance requirements.
It really is a great value savings accounts taking out the Major Bank Award in the 2017 Mozo Experts Choice, No Strings Savings category.
Key features:
The NAB iSaver has a 2.30% intro rate available for the first four months, which smoothly transitions to an ongoing standard variable interest rate of 0.30%. Unlike other high interest savings accounts, you can make unlimited deposits or withdrawals on the iSaver and your interest rate won't be affected. There are no minimum or opening balance requirements and all interest is calculated daily and paid monthly on every $1.
iWish! There is a $20 million cap on the bonus rate but you'll still get the 0.30% standard variable interest rate for balances over $20 million.
Who it's good for:
Savers who want a flexible savings account that has a good interest rate and no fees. You'll need to have an eligible NAB everyday transaction account to open an iSaver.
Any catches?
You can only transfer funds in and out of the savings account through the linked NAB transaction account. And the bonus 2.30% intro rate is only available to a customer's first NAB iSaver account.
Details
Rates and fees information correct as at 25 June 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: 0.30% p.a.
-
Balances from $0: 2.30% p.a.
Balances from $20,000,000: 0.50% p.a. -
Bonus rate for the first 4 months from account opening. Introductory rate only applied to a customers first NAB iSaver account.
Fees
-
$0.00
-
none
-
unlimited free transactions from phone and internet
-
none
-
none
-
none
-
none
-
none
-
none
-
$0.00
-
$0.00
-
none
Other financial bits
-
$1.00
-
$0.00
-
Monthly
Features
-
no
-
none
-
no
-
no
-
no
-
no
-
no
-
yes
-
yes
-
no
-
no
-
Must link to an eligible NAB everyday account.
-
none
-
none
Customer Reviews
How are NAB savings accounts rated by the Mozo community?
Latest reviews of NAB iSaver
- Overall7/10
Pretty good, needs faster service
Everything is good but queue times can be too long.
Read full review
Everything is good but queue times can be too long.
Price7/10Features8/10Customer service7/10Convenience8/10Trust6/10Less
Micky | New South Wales
reviewed 7 months ago
- Overall7/10
Sometimes they are very lazy
There are only 2 or 3 cashiers at the branch even when its busy. They need more.
Read full review
There are only 2 or 3 cashiers at the branch even when its busy. They need more.
Price4/10Features4/10Customer service2/10Convenience3/10Trust7/10Less
Nsw | New South Wales
reviewed 7 months ago
- Overall8/10
Very happy long time customer
I have had my account for many years and haven't reviewed it for some time, but I am happy.
Read full review
I have had my account for many years and haven't reviewed it for some time, but I am happy.
Price5/10Features5/10Customer service5/10Convenience8/10Trust8/10Less
Vicky | New South Wales
reviewed 7 months ago
- Overall10/10
Reliable and trustworthy
They are very reliable and trustworthy, I would give them 5 stars.
Read full review
They are very reliable and trustworthy, I would give them 5 stars.
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Marivic | New South Wales
reviewed 7 months ago
- Overall10/10
Ok
The bank staff are extremely helpful.
Read full review
The bank staff are extremely helpful.
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
David | Western Australia
reviewed 8 months ago
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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ME
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1.05% p.a.(for $0 and over)
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NAB
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2.30% p.a. (for $0 to $20,000,000)
0.30% p.a.(for $0 and over)
$0.00
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ANZ
Online Saver
2.30% p.a. (for $0 and over)
0.50% p.a.(for $0 and over)
$0.00
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Bank Australia
Bonus Saver
0.10% p.a.(for $1 and over)
2.15% p.a. (for $1 and over)
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HSBC
Serious Saver
0% p.a.(for $0 and over)
2.85% p.a. (for $0 to $1,000,000)
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Newcastle Permanent
Smart Saver
0% p.a.(for $0 and over)
2.75% p.a. (for $0 and over)
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Auswide Bank
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
2.51% p.a. (for $0 and over)
