What you’ll get with a NAB business term deposit

  • Competitive, fixed interest rates, based on the term you choose View disclaimer *

  • No monthly account fees or application fee

  • Having your interest paid monthly, quarterly, half-yearly or annually (if you invest for 12 months or more)

  • The ability to choose a term to suit your needs – from 30 days to five years

How term deposits can benefit your business

  • Peace of mind – know your rate of return with our competitive fixed interest rates.

  • Flexible range of terms and interest payment options to suit your business.

Choose a fixed term that works for you...

0.07 % p.a.

This option gives you a competitive rate, while offering the flexibility of a shorter term.

0.15 % p.a.

If you’re happy to lock it away for a bit longer, make your money work even harder for you.

0.25 % p.a.

12 month term

View disclaimer 1

Simply want to lock your money away for a year and forget about it? This is the rate you’ll get.

  • Monthly account fee


  • Application fee


The above rates are based on an investment of between $5,000 and $499,999

See all of our term deposit interest rates

Not a business customer? Explore Term Deposits for personal use.

Let's get you sorted

What is a NAB Term Deposit?

A term deposit is a form of savings account that's set up with specified terms. You choose how much you’d like invested in the account – with a minimum deposit of $5,000. You also choose a term length, with options ranging from 30 days to five years. During this time, if you choose not to withdraw your funds, you’ll enjoy competitive, fixed interest rates. If you choose to withdraw some (or all) of your funds early, this will change the amount of interest you receive, and you’ll need to give 31 days’ notice.

The end of your term is known as maturity. At this point you can choose to withdraw some (or all) of your funds or your term deposit will be automatically reinvested for the same term at the interest rate applicable on the date of maturity.

How will my interest be calculated and paid?

Interest is calculated daily and paid when your term deposit matures. For terms of 12 months or more, you can elect to have your interest paid monthly, quarterly, half-yearly or annually – whichever works best for you.

What if I need access to my funds before my term deposit matures?

You’ll need to give us at least 31 days’ notice – unless you’re experiencing hardship – which you can do by popping into your nearest NAB branch or giving us a call on 13 13 12 from 8am - 7pm Mon-Fri, or 9am - 6pm on weekends (AEST/AEDT). Just bear in mind that accessing your funds before maturity will incur a prepayment cost, which is outlined in our Terms and Conditions.

What happens to my term deposit at maturity?

If you haven’t provided specific instructions for when your term deposit matures, it will automatically be reinvested for the same term at the interest rate applicable on the date of maturity. You have seven calendar days after your funds are reinvested to make any changes or add/withdraw funds at no cost.

See Manage My NAB Term Deposit for more information on how to reinvest your term deposit online.

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Whether your business is getting started or growing, we've got the right transaction account for you.

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