7.5 / 10

based on 20945 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 27 February, 2021. 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

0.30% p.a.9 months

$5,000.00

yes

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

324 Reviews

Recent NAB term deposit reviews

NAB Term Deposit review
Overall 5/10
Very poor service, vote with your feet and leave.

When they visit a branch people do not want to be kept waiting in line for so long. For god's sake put another staff member on. It's not all about profits, there is service which this bank seems to be lacking. I recently went to a branch and they had people waiting out the door, two tellers on all other staff were in group talking. Not a good look.

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When they visit a branch people do not want to be kept waiting in line for so long. For god's sake put another staff member on. It's not all about profits, there is service which this bank seems to be lacking. I recently went to a branch and they had people waiting out the door, two tellers on all other staff were in group talking. Not a good look.

Price
1/10
Features
3/10
Customer service
3/10
Convenience
3/10
Trust
5/10
Less
John, Queensland, reviewed about 1 month ago
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 6 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 over 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 over 2 years ago

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Term deposit quick links