7.5/10

Based on 21625 NAB product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

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 15 June 2024. 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

4.80% p.a.1 year ($5,000 to $1,999,999)

$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 customer reviews
Overall
7.4/10
Price
6.8/10
Features
6.2/10
Customer service
7.5/10
Convenience
7.8/10
Trust
7.7/10
Based on 325 NAB product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent NAB term deposit reviews

NAB Term Deposit
Overall 7/10
Proactive, helpful service.

I’ve banked with them just as my family have. They have been helpful getting me organised for overseas travel and have swiftly detected fraud attempts.

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I’ve banked with them just as my family have. They have been helpful getting me organised for overseas travel and have swiftly detected fraud attempts.

Customer service
10/10
Trust
10/10
Less
Tonya, Victoria, reviewed about 2 years ago
NAB Term Deposit
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.

Read full review

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 over 3 years ago
NAB Term Deposit
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
Less
Davidj, Queensland, reviewed almost 4 years ago
NAB Term Deposit
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 almost 5 years ago
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Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
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.

Term deposit quick links