Savings accounts FAQs

What are the main benefits of NAB iSaver?
The NAB iSaver account has a high interest rate and no monthly account service or transaction fees, so you can reach your savings goals faster. Plus you have convenient access to your funds via electronic channels by linking it to your NAB everyday bank account.

Apply now for NAB iSaver

When is interest paid?
Interest is calculated daily and paid monthly. Check out our Interest Rates for the current rate.

Why do I have to have a linked NAB everyday bank account?
NAB iSaver is an online savings account with NAB Telephone Banking and NAB Internet Banking access to transfer money.  Having a linked NAB everyday bank account means that you get quick and easy access to your funds via NAB ATMs, EFTPOS, NAB Internet Banking and NAB Telephone Banking.

Can I link a non-NAB transaction account to my NAB iSaver?
No, your linked account must be a NAB everyday bank account such as NAB eBanking, NAB Classic Banking or NAB Gold Banking.

How do I open a NAB iSaver account?
You can open a NAB iSaver account by applying online, or by calling 13 13 12  - it's quick and easy.

Apply now for NAB iSaver

Why do I need to provide my Tax File Number (TFN) to apply for NAB iSaver and NAB Smart Reward Saver?
It is not compulsory to provide your TFN, though if you choose not to, or advise that you are eligible for an exemption, NAB may be obliged to deduct Pay As You Go Withholding Tax at the maximum marginal tax rate (plus the Medicare levy) from any interest income you earn.

How do I access my NAB iSaver account?
You can get instant access to your funds by transferring them into an eligible NAB everyday bank account using NAB Internet Banking or NAB Telephone Banking. Once in that account, you can transact in all the usual ways.

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What are the main benefits of NAB Smart Reward Saver?
NAB Smart Reward Saver lets you achieve your savings goals faster by rewarding you with bonus interest if you make at least one deposit and no withdrawals in the same month. To receive the bonus interest, the deposit must be made to your account on or before the second last banking day of the month.

Apply now for NAB Smart Reward Saver

When is interest paid?
Interest is calculated daily and paid monthly. Check out our Interest Rates for the current rate.

How do I open a NAB Smart Reward Saver account?
You can open a NAB Smart Reward Saver by applying online - it's quick and easy, or by calling us on 13 13 12 from 8am - 9pm EST, 7 days a week.

Apply now for NAB Smart Reward Saver

When does the bonus interest get paid?
Bonus interest is paid each month when you make at least one deposit, and no withdrawals made in the same month. To receive the bonus interest, the deposit must be made to your account on or before the second last banking day of the month.

How do I access my NAB Smart Reward Saver?
Get instant access to your funds in a NAB branch, or through NAB Internet Banking and NAB Telephone Banking.

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What are the main benefits of NAB Smart Junior Saver?
NAB Smart Junior Saver teaches children about the value of money, and encourages them to save, with bonus interest paid to their account when they make at least one deposit, and no withdrawals in the same month.  To receive the bonus interest, the deposit must be made into your account on or before the second last banking day of the month. The account has no account service or transaction fees, and comes with a free money box when opened! Your child can make unlimited deposits and there's no minimum opening balance.

Apply now for NAB Smart Junior Saver

When is interest paid?
Interest is calculated daily and paid monthly. Check out our Interest Rates for the current rate.

How do I open a NAB Smart Junior Saver account?
You can open a NAB Smart Junior Saver account for your child by visiting your local NAB branch. All you need is your child's birth certificate.

Find your nearest NAB branch

When does the bonus interest get paid?
Bonus interest is paid each month when you make at least one deposit, and no withdrawal in the same month. To receive the bonus interest, the deposit must be made to your account on or before the second last banking day of the month.

How do I or my child access NAB Smart Junior Saver?
You and your child can access their NAB Smart Junior Saver account at any NAB branch.

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