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The National Australia Bank (NAB) has launched a new online savings account, adding to its range of savings and transaction accounts.
The new account, called the National iSaver, offers customers a high 5.45% p.a. variable interest rate with no account or transaction fees and no minimum deposit.
Funds can be accessed immediately via National Internet Banking and National Telephone Banking to and from a nominated National transaction account.
General Manager, Deposits and Retail Transactions at NAB, Ms Lisa Gray, said the new National iSaver account complemented the National's existing range of deposit and savings accounts.
"The National has a range of deposit and savings solutions for customers, with competitive term deposit rates, but the National iSaver offers customers another solution to help them save with great returns," Ms Gray said.
"With a National transaction account, the National iSaver offers customers a complete transaction and savings solution that is designed to help with more disciplined savings - keeping day-to-day transactions away from that savings goal.
"The National iSaver is ideally suited to those saving for a home, a car or for travel. It provides customers with a single view of all their bank accounts and can be set up so that customers are able to have a regular transfer from their National transaction account into the National iSaver account - to help reach their savings goal faster.
"Unlike some of the other high yield internet accounts, there is no waiting period to access funds. Customers can access funds from their National iSaver account when they want with immediate access to funds via National Internet Banking or National Telephone Banking," Ms Gray said.
Key features of the National iSaver account
" 5.45% p.a. variable interest rate, calculated daily, paid monthly
" No minimum opening or ongoing balance
" No monthly account keeping or transaction fees
" Access to funds via National Internet and National Telephone Banking to and from a nominated National FlexiAccount, FlexiDirect, Smart Access or Smart Direct transaction account
" Single view of all bank accounts via National Internet and National Telephone Banking
To further help customers achieve that something special, those who open a National iSaver account before 30 November 2005 will automatically go into the draw to win one of 10 Melbourne 2006 Commonwealth Games ticket and travel packages valued at up to $5,500.
For more information about the National iSaver or the competition, call 13 13 12 between 8am and 9pm EST, Monday to Friday or visit www.nab.com.au/isaver
For further information, please contact:
Mikala Sabin, Corporate Affairs, National Australia Bank
Phone: 03 8634 1572 Mobile: 0404 863 976
Please note: Information is current as at 20 September 2005 and is subject to change, terms and conditions apply. Please consider the Product Disclosure Statement available from the National before making any decisions regarding these products, which are issued by National Australia Bank Ltd ABN 12 004 044 937.
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