The NAB iSaver has a 2.55% intro rate available for the first four months, which smoothly transitions to an ongoing standard variable interest rate of 0.50%. 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 0.50% 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.
You can only transfer funds in and out of the savings account through the linked NAB transaction account. And the bonus 2.55% intro rate is only available to a customer's first NAB iSaver account.