NAB iSaver

0.50% p.a.(for $0 and over)

2.55% p.a. (for $0 to $20,000,000)

 

NAB iSaver Review

Rates and fees information correct as at 13 December 2018.

Review published: 10 February 2012

What's hot:

  • 2.55% 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 2.55% 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 2.55% 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.

Any catches?

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.

How are NAB savings accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.9

Based on 4881
NAB savings accounts reviews

7.4 6.8 7.8 8.0 7.9

Read NAB savings account reviews by the Mozo community

Latest reviews of NAB iSaver

NAB

NAB iSaver savings account review

Overall rating   7 / 10

Pretty good, needs faster service

Everything is good but queue times can be too long.

Full review

Everything is good but queue times can be too long.

    Price   7 / 10

    Features   8 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   6 / 10

Less

Micky, New South Wales, reviewed 10 days ago

NAB

NAB iSaver savings account review

Overall rating   7 / 10

Sometimes they are very lazy

There are only 2 or 3 cashiers at the branch even when its busy. They need more.

Full review

There are only 2 or 3 cashiers at the branch even when its busy. They need more.

    Price   4 / 10

    Features   4 / 10

    Customer service   2 / 10

    Convenience   3 / 10

    Trust   7 / 10

Less

Nsw, New South Wales, reviewed 21 days ago

NAB

NAB iSaver savings account review

Overall rating   8 / 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.

Full review

I have had my account for many years and haven't reviewed it for some time, but I am happy.

    Price   5 / 10

    Features   5 / 10

    Customer service   5 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Vicky, New South Wales, reviewed 30 days ago

NAB

NAB iSaver savings account review

Overall rating   10 / 10

Reliable and trustworthy

They are very reliable and trustworthy, I would give them 5 stars.

Full review

They are very reliable and trustworthy, I would give them 5 stars.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Marivic, New South Wales, reviewed 30 days ago

NAB

NAB iSaver savings account review

Overall rating   10 / 10

Ok

The bank staff are extremely helpful.

Full review

The bank staff are extremely helpful.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

David, Western Australia, reviewed about 1 month ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • Balances from $0: 0.50% p.a.

  • Balances from $0: 2.55% 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

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.

Compare other savings accounts
Advertisement