Offer your clients the opportunity to enhance their cash portfolios with a NAB Term Deposit. These have competitive interest rates along with the security of an investment with a major Australian bank. A simple execution process enables you to set these up on behalf of your clients.

For more information on the NAB Term Deposit and how to open an account – or for a copy of the daily rate sheet – please contact the NAB Term Deposit via Intermediary team.

Get started as a new NAB adviser by visiting our New Adviser page.

For more information, please see the NAB Term Deposit (via Intermediary) Terms and Conditions (PDF, 491KB).

Features at a glance

Minimum investment

$25,000#

Terms available

A range of terms available from 30 days to five years

Government guaranteed

For Deposits up to $250,000^

Interest rate

Fixed rate, fixed term deposit with access to NAB’s wholesale term deposit rates.

Rates are published daily and valid until 5pm on the day of issue. Please contact the NAB Term Deposit (via Intermediary) Support Team if you'd like to receive regular email updates

Interest payments

Interest is calculated daily and paid as follows:

  • for terms less than one year, interest is paid at the maturity of the term
  • for terms  greater than one year, interest is paid monthly, quarterly, half-yearly or yearly

At maturity

A NAB Term Deposit (via Intermediary) can be extended for another term with or without the interest earned. Or else the principal plus interest can be paid to a nominated account

Simple and easy to use

  • Streamlined AML/KYC requirements*
  • Easy establishment & ongoing management of term deposits*

# A maximum investment of $5,000,000 applies for direct debit transactions.

^ A $1 million limit per customer.

* Under a NAB Distribution Agreement between your AFSL and NAB.

Adviser benefits

Ease of dealing

We know you're busy so we've streamlined our processes to make setting up Term Deposits on behalf of your clients simple and straightforward:

  • Your client may appoint you as the Nominated Representative on their NAB Term Deposit through the Nominated Representative Facility.
  • As a Nominated Representative you may continue to deal the NAB Intermediary Term Deposit with minimal paperwork.
  • There's no 100-point check as this is covered in our Anti-Money Laundering (AML) and Know Your Client (KYC) representation and warranty form which needs to be completed only once by each Australian Financial Services Licence (AFSL) holder.
  • We can accept your instructions either by telephone, facsimile or in writing if you wish to raise a NAB Term Deposit on behalf of your client #.
  • Easy payment options are available including a direct debit facility.
  • Automatic email notification of maturing term deposits will be sent to you.

# Confirmation will need to be received over a taped line.

Important Notice

The information in this letter is of a general nature only and has been prepared for the purpose of providing general background information about NAB Term Deposits. It does not take into account the particular investment objectives, financial situation or needs of any person. National Australia Bank Limited ABN 12 004 044 937 AFSL 230686 (“NAB”) is the issuer of NAB Term Deposits. Before making any investment in NAB Term Deposits, you should ensure that you have read and understood the terms and conditions of NAB Term Deposits which are available from NAB.

Code of Banking Practice

NAB has adopted the revised Code of Banking Practice 2003. For details of the Code contact NAB on 13 22 65 and speak to a Customer Service Representative. Or visit us at www.nab.com.au. For more information about NAB’s dispute resolution processes visit Section F of the Code of Banking Practice or the product’s Terms and Conditions (PDF, 1.2MB).

Privacy

Your privacy is important to us. You may request access to personal information NAB holds about you subject to certain exceptions under law. If you'd like to request access to your personal information – or you'd like more information about our Privacy Policy – please call NAB on 13 22 65 and speak with a Customer Service Representative. Or else visit us at www.nab.com.au. For more information about privacy in general, you can visit the Federal Privacy Commissioner's website www.privacy.gov.au.