NAB rewards loyal customers with a market-leading savings account

02 September 2013

First home buyers and other savers will reach their savings goals sooner with NAB’s new-look savings account that rewards loyalty with a great ongoing bonus rate.

The re-launched Smart Reward Saver account is designed to help loyal savers reach their goals sooner by offering the best ongoing reward rate currently advertised by all the majors. The bonus rate is applied provided customers make at least one deposit a month and no withdrawals.

Executive General Manager Lending and Deposits, John Salamito said NAB recognised its customers wanted, and deserved, increased reward for their loyalty.

“This is a great offer for customers who have clear savings goals, whether that’s their first home, a new car or a holiday,” he said.

“With the Smart Reward Saver customers will get more benefit for their loyalty because we’ll give them a better bonus rate for keeping their savings in the one place.

“We know that first home buyers are looking to save an average deposit of $82,000 and that takes time, but they will reach that goal sooner with our Smart Reward Saver than if they had a similar account at the other major banks.”

Bank Product Base rate Bonus rate Conditions
NAB Smart Reward Saver 1.0% 4.25% To earn the bonus interest: no withdrawals and at least one deposit a month
ANZ Progress Saver 0.01% 4.06% To earn the bonus interest: no withdrawals or debits and at least one deposit of $10 or more in that month
CBA Goal Saver 0.50% 4.05% To earn the bonus interest: balance increase of at least $200 a month (excl interest) and no more than one withdrawal per month. Bonus interest
WBC Reward Saver 0.01% 4.01% To earn the bonus interest: no withdrawals and a total deposit of at least $50 before the last business day of the month.

For further information:

Media Mark Alexander M: +61 (0) 412 171 447

Nick Higginbottom M: +61 (0) 477 342 075