NAB Term Deposit

• The certainty of fixed rate interest – often at higher rates than our "at call" accounts
• Invest any amount from $5,000
• Terms from 7 days to five years

• Terms and conditions for NAB Term Deposits
• Terms and conditions for NAB Foreign Currency Term Deposit

Current NAB Term Deposit interest rates and blackboard specials

The fixed interest rate that we pay on your term deposit depends on the amount you invest, and the term you select.

We calculate interest on a daily basis.

If you invest for 12 months or longer, you can choose to receive your interest monthly, quarterly, half yearly, or annually. (We'll pay your interest into any Australian bank account, or you can pick it up in a branch, either as cash or a bank cheque.)

For shorter term deposits, we pay interest at maturity (ie. at the end of the term).

Fees

There are no account fees and no application fee.

Government charges might apply.

Personal banking guide to fees and charges

When your term deposit reaches maturity you can:

• have the funds directly credited to any Australian account
• reinvest the funds in a new term deposit (either with the interest included, or after you've had the interest paid to you)
• receive your funds as cash or a bank cheque from any NAB branch.

You can also combine these options – for example reinvest half of your funds and receive the rest as a bank cheque.