NAB iSaver

0.05% p.a.(for $0 and over)

1.30% p.a. (for $0 to $20,000,000)

NAB iSaver

0.05% p.a.(for $0 and over)

1.30% p.a. (for $0 to $20,000,000)

Mozo Review   NAB iSaver Review

Last updated: 13 March 2020.

What's hot:
  • Unlimited transactions

  • No deposit requirements or withdrawal restrictions

  • No account fees

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 1.30% intro rate, clear of bank fee and transaction fees and balance requirements. 

Key features:

The NAB iSaver has a 1.30% intro rate available for the first four months, which smoothly transitions to an ongoing standard variable interest rate of 0.05%. Unlike other bonus 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 0.05% 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 1.30% intro rate is only available to a customer's first NAB iSaver account.

Details

Rates and fees information correct as at 30 March 2020. 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: 0.05% p.a.

  • Balances from $0: 1.30% p.a.
    Balances from $20,000,000: 0.05% 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

  • n/a

  • unlimited free transactions from phone and internet

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • $0.00

  • $0.00

  • n/a

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?

Overall customer rating
7.9/10
Price
7.4/10
Features
6.8/10
Customer service
7.8/10
Convenience
8.0/10
Trust
7.9/10

Latest reviews of NAB iSaver

  • Overall 0/10
    Poor.

    Competitive rates, however it is incredibly inconvenient. The staff are slow and rude, and the app constantly has technical issues.

    Read full review

    Competitive rates, however it is incredibly inconvenient. The staff are slow and rude, and the app constantly has technical issues.

    Price
    5/10
    Features
    0/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    0/10
    Less
    Alec, Queensland reviewed 7 days ago
  • Overall 4/10
    Extremely average and uncompetitive interest rates

    No different to other banks. The main five banks are very average on service and interest paid.

    Read full review

    No different to other banks. The main five banks are very average on service and interest paid.

    Price
    3/10
    Features
    3/10
    Customer service
    4/10
    Convenience
    4/10
    Trust
    3/10
    Less
    James, Victoria reviewed about 2 months ago
  • Overall 10/10
    Savings.

    Great for everyday savings.

    Read full review

    Great for everyday savings.

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Suzannah, South Australia reviewed about 2 months ago
  • Overall 8/10
    Very happy.

    Very happy with NAB.

    Read full review

    Very happy with NAB.

    Price
    7/10
    Features
    6/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Holly, Victoria reviewed about 2 months ago
  • Overall 8/10
    Great bank.

    Have been with NAB for over 30 years. I have always found them to be respectful and helpful.

    Read full review

    Have been with NAB for over 30 years. I have always found them to be respectful and helpful.

    Price
    8/10
    Features
    -1/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Simon, Queensland reviewed 4 months ago
NAB

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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Citi

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2.05% p.a. (for $0 to $500,000)

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1.50% p.a. (for $0 to $250,000)

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HSBC

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1.25% p.a. (for $0 to $5,000,000)

0.01% p.a.(for $0 to $5,000,000)

$0.00

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AMP

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2.65% p.a. (for $0 to $500,000)

1.05% p.a.(for $0 to $5,000,000)

$0.00

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MyState Bank

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Bonus Saver Account

2.00% p.a. (for $0 to $150,000)

0.30% p.a.(for $0 and over)

$0.00

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Suncorp

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1.90% p.a. (for $0 and over)

0.20% p.a.(for $0 and over)

$0.00

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UBank

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1.85% p.a. (for $0 to $200,000)

0.79% p.a.(for $0 to $5,000,000)

$0.00

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Bankwest

Bankwest

Hero Saver

1.50% p.a. (for $0 to $250,000)

0.01% p.a.(for $0 to $5,000,000)

$0.00

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HSBC

HSBC

Serious Saver

1.85% p.a. (for $0 to $1,000,000)

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

$0.00

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Citi

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2.05% p.a. (for $0 to $500,000)

0.35% p.a.(for $0 and over)

$0.00

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CUA

CUA

eSaver Reward

1.70% p.a. (for $0 to $100,000)

0.05% p.a.(for $0 and over)

$0.00

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HSBC

HSBC

Serious Saver

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

1.85% p.a. (for $0 to $1,000,000)

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Bankwest

Bankwest

Hero Saver

0.01% p.a.(for $0 to $5,000,000)

1.50% p.a. (for $0 to $250,000)

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HSBC

HSBC

Flexi Saver

0.01% p.a.(for $0 to $5,000,000)

1.25% p.a. (for $0 to $5,000,000)

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IMB Bank

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

1.75% p.a. (for $5,000 and over)

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Newcastle Permanent

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

2.05% p.a. (for $0 and over)

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ANZ

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0.01% p.a.(for $0 and over)

1.25% p.a. (for $0 and over)

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Auswide Bank

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0.01% p.a.(for $0 and over)

2.01% p.a. (for $0 and over)