Online savings with no monthly account fees or transaction fees and bonus interest for the first four months
Open a NAB iSaver today and receive a fixed bonus interest rate of 1.50% pa. for four months, on top of the standard variable interest rate, currently 2.75% pa.
Open a new NAB iSaver
| 2.75% pa. | + 1.50% pa. | = 4.25% pa. |
|---|---|---|
| Current standard variable interest rate | 4 months fixed bonus interest rate on new accounts | Current NAB iSaver rate on new accounts |
Every dollar earns the standard variable interest every month, whatever your balance.
For the first four months you can earn bonus interest on balances up to $1 million (any amount above $1 million only earns the standard interest).
Overview
The NAB iSaver is a high interest online savings account with:
- no transaction or account keeping fees
- interest calculated daily and paid monthly on every dollar
- bonus interest for new accounts
- no minimum or opening balance
- unlimited deposits and withdrawals without affecting your interest rate.
Your NAB iSaver and its linked account
Your NAB iSaver needs to be linked to an eligible NAB everyday account (like NAB Classic Banking or NAB Gold Banking). The only way to transfer funds in or out of your NAB iSaver is through its linked account. There are no transfer fees.
You can make as many transfers as you like through NAB Internet Banking or NAB Telephone Banking. Deposits and withdrawals don't affect your interest rate.
If you don't already have a NAB everyday account you can open one as part of your NAB iSaver application.
Interest and fees
No monthly account fees, no transaction fees
There are no monthly account fees or transaction fees on NAB iSaver accounts. You need a NAB everyday account to link your NAB iSaver to, so you should also check the fees for that account. (Remember that NAB Classic Banking has no monthly account fees, either).
Interest rates
We calculate interest on every dollar in your NAB iSaver account every day. Interest is variable rate– currently 2.75% pa.
For NAB iSaver accounts opened today there’s additional bonus interest that we pay for the first 4 months. The bonus rate is fixed at 1.50% pa. The only limit is that we don't pay it on any more than the first million dollars in your NAB iSaver.
We pay interest monthly.
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