NAB iSaver

0.11% p.a.(for $0 and over)

2.11% p.a. (for $0 to $20,000,000)

NAB iSaver

0.11% p.a.(for $0 and over)

2.11% p.a. (for $0 to $20,000,000)

Mozo Review   NAB iSaver Review

Last updated: 12 July 2019.

What's hot:
  • 2.11% 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 2.11% 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 2.11% intro rate available for the first four months, which smoothly transitions to an ongoing standard variable interest rate of 0.11%. 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 0.11% 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 2.11% intro rate is only available to a customer's first NAB iSaver account.

Details

Rates and fees information correct as at 24 August 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: 0.11% p.a.

  • Balances from $0: 2.11% p.a.
    Balances from $20,000,000: 0.11% 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
    7/10
    Pretty good, needs faster service

    Everything is good but queue times can be too long.

    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

    Micky | New South Wales

    reviewed 9 months ago

  • Overall
    7/10
    Sometimes they are very lazy

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

    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

    Nsw | New South Wales

    reviewed 9 months ago

  • Overall
    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.

    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

    Vicky | New South Wales

    reviewed 9 months ago

  • Overall
    10/10
    Reliable and trustworthy

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

    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

    Marivic | New South Wales

    reviewed 9 months ago

  • Overall
    10/10
    Ok

    The bank staff are extremely helpful.

    The bank staff are extremely helpful.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    David | Western Australia

    reviewed 10 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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