NAB increases savings rates - NAB

Higher rates benefit savers

Following the Reserve Bank of Australia’s decision to increase the official cash rate, NAB will increase savings rates by up to 0.25% from Friday, February 13.  

iSaver rate

  • Standard variable rate will increase from 1.25% to 1.40% p.a.
  • Fixed bonus margin rate will increase from 3.20% to 3.30% p.a.
  • Total introductory rate will increase from 4.45% to 4.70% p.a.

Reward Saver rate

  • The Total Reward Saver rate will increase by 0.25% p.a. to 4.40% p.a., comprising a variable base rate of 0.01% and the variable bonus rate which will increase by 0.25% to 4.39%

You can check the interest rate for your savings account via the NAB app or NAB internet banking:

  1. Log into the NAB App or NAB internet banking
  2. Select your savings account
  3. Click Details
  4. View your rate under “Current interest rate”

Alternatively, click the button below to view the most up-to-date rates:

If you have any questions, you can message us in the NAB app.

If you need financial support, you can contact our NAB Extra Care team. 

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