Rates and fees

  • 0.50

    current variable base interest rate

  • 2.60

    current variable bonus interest rate

  • 3.10

    current NAB Reward Saver interest rate

More rates and fees information

  • No monthly account fee
  • No transaction fees

See all our Interest rates, fees and charges personal products

Benefits and features

Grow your savings faster

  • Earn bonus interest if you make at least one deposit and no withdrawals in a given month1
  • Don't worry - even if you withdraw your savings you still receive the base interest rate

Watch your savings grow

  • Keep track of your progress with a savings graph in your quarterly statement
  • Convenience of online access through NAB Internet Banking and the NAB App

Earn interest on every dollar

  • Interest is calculated daily and paid monthly
  • No minimum deposits or ongoing balance

Opening your account

Ways to open your account

  • Open online (you need to be 18 or over and a permanent Australian resident)
  • Open through NAB Internet Banking and the NAB App (if you're an existing customer)
  • Call us on 13 13 12 from 8am - 8pm Mon-Fri, or 9am - 6pm on weekends (AEST/AEDT)
  • Visit your nearest NAB branch
  • Have your Tax File Number (TFN) handy or we may have to collect withholding tax

After your account is opened

  • If you’ve opened your account online or over the phone and you’re a new customer, you’ll be able to select the option of having your ID verified electronically. Otherwise, you’ll need to visit one of our branches to complete the standard 100-point ID check

Important information

1 To earn the bonus interest, you must make no withdrawals and at least one deposit in the month (we need to receive the deposit on or before the second last banking day of the month.)

If you earn bonus interest, we calculate it using your daily closing balance throughout the month.

Personal Transaction and Savings Products Terms and Conditions (PDF, 503KB)

Personal banking fees – A guide to fees and charges (PDF, 338KB)

Indicator rates – deposit products

Apply now for your NAB Reward Saver account

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Sat-Sun 9am - 6pm (AEST/ADST)