7.5 / 10

based on 20852 reviews as rated by Mozo community

NAB term deposits

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.

NAB offers the following term deposits

Rates and fees verified as correct at 30 November, 2020. Other information correct at the time of writing. Advertiser disclosure.

Product Best rate (up to 1 year) Minimum deposit Interest paid to another bank?
Term Deposit

0.60% p.a.1 year

$5,000.00

yes

Different interest rates apply to different amounts or different interest payment frequencies.

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How are NAB term deposits rated?

Mozo users have rated NAB term deposits on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of term-deposits
NAB term deposits
Overall
7.4/10
Price
Features
Customer service
Convenience
Trust

323 Reviews

Recent NAB term deposit reviews

NAB Term Deposit review
Overall 8/10
Big options at NAB.

If you obtained the account or deposited money earlier, before all the banks' rates dropped, you would have accumulated big interest revenue.

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If you obtained the account or deposited money earlier, before all the banks' rates dropped, you would have accumulated big interest revenue.

Price
10/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Davidj, Queensland reviewed 3 months ago
NAB Term Deposit review
Overall 6/10
Questionable security

I have had a few security issues with my Term Deposit.

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I have had a few security issues with my Term Deposit.

Price
6/10
Features
6/10
Customer service
6/10
Convenience
6/10
Trust
6/10
Less
Fiona, Western Australia reviewed about 1 year ago
NAB Term Deposit review
Overall 8/10
Fantastic

Quiet happy with NAB. Gave me a great interest rate for my term deposit.

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Quiet happy with NAB. Gave me a great interest rate for my term deposit.

Price
8/10
Features
8/10
Customer service
10/10
Convenience
9/10
Trust
8/10
Less
Debbie, Queensland reviewed about 2 years ago
NAB Classic Banking Account (with Standard Visa Debit Card) review
Overall 10/10
Excellent bank, no hassles, very happy

Very happy ,no faults

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Very happy ,no faults

Price
10/10
Less
Bruce, Western Australia reviewed over 3 years ago

Term deposit quick links