Thumbnail icon for NAB

NAB iSaver

Interest rate
0.05% p.a.(for $0 and over)
Maximum rate
1.05% p.a. (for $0 to $20,000,000)

Mozo editorial review NAB iSaver

Last updated: 14 April 2020.

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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 1.05% intro rate, clear of bank fees, transaction fees and balance requirements. 

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Key features

The NAB iSaver has a 1.05% 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.

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Who is it 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.

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Any catches

You can only transfer funds in and out of the savings account through the linked NAB transaction account. And the bonus 1.05% intro rate is only available to a customer's first NAB iSaver account.

Details

Rates and fees information correct as at 6 July 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: 1.05% 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 3/10
    They can do better

    No budging on interest rates at all, have to book in to talk to a “specialist” who is looking at your info for the first time. Very unfriendly and zero compassion

    Read full review

    No budging on interest rates at all, have to book in to talk to a “specialist” who is looking at your info for the first time. Very unfriendly and zero compassion

    Price
    1/10
    Features
    5/10
    Customer service
    1/10
    Convenience
    8/10
    Trust
    3/10
    Less
    Daniel, Northern Territory reviewed 3 days ago
  • Overall 7/10
    Just for PayPal

    I set it up for PayPal to be linked to it, so a win win situation. Love it as i don't have to worry if am short on cash as i don't have a key card for it.

    Read full review

    I set it up for PayPal to be linked to it, so a win win situation. Love it as i don't have to worry if am short on cash as i don't have a key card for it.

    Price
    7/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    8/10
    Trust
    7/10
    Less
    Kathy, New South Wales reviewed 24 days ago
  • Overall 4/10
    No fees but very low savings interest rate.

    It's great that the account has no fees, however the interest provided is exceptionally low compared to other banks!

    Read full review

    It's great that the account has no fees, however the interest provided is exceptionally low compared to other banks!

    Price
    3/10
    Features
    2/10
    Customer service
    6/10
    Convenience
    6/10
    Trust
    7/10
    Less
    Collin, New South Wales reviewed 25 days ago
  • Overall 6/10
    They'll do.

    I have no strong feelings either way.

    Read full review

    I have no strong feelings either way.

    Price
    6/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    6/10
    Trust
    6/10
    Less
    Chris, New South Wales reviewed about 1 month ago
  • Overall 10/10
    It works.

    Good helpful customer service, very competitive fees, overall 5 stars.

    Read full review

    Good helpful customer service, very competitive fees, overall 5 stars.

    Price
    9/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Hoang, New South Wales reviewed 2 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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