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nabtrade High Interest Account

Advertiser disclosure
Interest rate
0.60% p.a.(for $0 to $1,000,000)
Maximum rate
No Current Offer
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review nabtrade High Interest Account

Last updated: 24 November 2020.

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What's hot
  • Competitive 0.60% p.a. interest rate on balances up to $1 million
  • No minimum balance requirements
  • No ongoing account fees
What's not
  • Must have a nabtrade account
  • Lower interest rates apply for balances over $1 million
Mozo snapshot

If you want to earn competitive interest on cash funds that you’re waiting to invest in the stock market, nabtrade’s High Interest Account is such an account. It has a standard ongoing interest rate of 0.60% p.a for deposits of up to $1 million, no minimum deposit requirements and no ongoing account fees.

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Key features

Unlike other savings accounts in the market right now, the nabtrade high interest savings account doesn’t have any minimum deposit conditions. You can move money in and out of the account and still get the same interest rate, whether you have $10 in the account or $1 million. 

For balances up to $1,000,000 the interest rate is 0.60% p.a. but anything over this the interest rate drops by 0.50% to 0.10% p.a. 

You won’t pay a cent in account keeping fees as there are none on this account and  you can transfer funds in real-time between your nabtrade high interest account and any other NAB bank accounts

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Who is it good for

Anyone with a nabtrade account and wants an easy and flexible way to earn savings interest on their cash.

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Any catches

While setting up the nabtrade high interest account set easy, and can be done completely online in a matter of clicks, you first must have a nabtrade share trading account.

Details

Rates and fees information correct as at 28 February 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: 0.60% p.a.
    Balances from $1,000,000: 0.10% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • unlimited electronic transfers to and from nabtrade Cash Account

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • $0.00

  • n/a

Other financial bits
  • $0.00

  • $0.00

  • Monthly

Features
  • no

  • none

  • no

  • no

  • no

  • no

  • no

  • no

  • yes

  • no

  • no

  • Must link to a nabtrade Cash Account

  • none

  • none

Customer Reviews

How are nabtrade savings accounts rated by the Mozo community?

Overall
8.0/10
Price
6.5/10
Features
7.0/10
Customer service
7.3/10
Convenience
8.3/10
Trust
8.4/10

Latest reviews of nabtrade High Interest Account

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About nabtrade

nabtrade is the new online trading service from NAB, replacing NAB Online Trading. nabtrade offers Australians a low cost online trading platform, tool and resource reports and a new cash account to make online trading easier.

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