Interest rate
0.05% p.a.(for $0 and over)
Maximum rate
0.30% p.a. (for $0 to $20,000,000)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review NAB iSaver - last updated: 22 October 2021

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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 0.30% intro rate, no bank fees, transaction fees or balance requirements. 

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Key features

The NAB iSaver has a 0.30% intro rate available for the first four months, which smoothly transitions to an ongoing standard bonus interest rate of 0.25% and a standard variable 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.

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 (lucky you).

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Who is it good for

Savers who want a flexible savings account that has a solid interest rate (both introductory and ongoing bonus) plus 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 0.30% intro rate is only available to a customer's first NAB iSaver account.

Details

Rates and fees information correct as at 27 November 2021. 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: 0.30% 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

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