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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

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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.

^† Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

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.

NAB term deposits

Overall

7.4/10

Price

Features

Customer service

Convenience

Trust

323 Reviews

Recent NAB term deposit reviews

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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.

Read full review

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

Davidj, Queensland reviewed 3 months ago

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NAB Term Deposit review

Overall 6/10

Questionable security

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

Read full review

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

Fiona, Western Australia reviewed about 1 year ago

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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

Debbie, Queensland reviewed about 2 years ago

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NAB Classic Banking Account (with Standard Visa Debit Card) review

Overall 10/10

Excellent bank, no hassles, very happy

Very happy ,no faults

Read full review

Very happy ,no faults

Price

10/10

Bruce, Western Australia reviewed over 3 years ago

Term deposit quick links

Disclaimer

Who we are and how we get paid

Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge. As a marketplace business, we do earn money from advertising and this page features products with Go To Site links where the provider pays us a fee if you go to their site from ours, or you take out a product with them. You do not pay any extra for using our service.

We are proud of the tools and information we provide and unlike some other comparison sites, we also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not.

'Sponsored', 'Hot deal' and 'Featured Product' labels denote products where the provider has paid to advertise more prominently.

'Mozo sort order' refers to the initial sort order and is not intended in any way to imply that particular products are better than others. You can easily change the sort order of the products displayed on the page.