NAB Term Deposit benefits
A Term Deposit helps you reach your savings goals by offering a higher interest rate and a range of fixed terms to choose from.
Choose a fixed term to suit your needs
Get competitive, fixed interest rates based on the term you choose (available from 30 days to five years).
No monthly account and application fees
With no application or monthly account fees, all your savings get put to good use.
Reinvest your Term Deposit via the NAB app
We’ve made it quick and easy for you to renew, with no need to visit a branch.
Compare Term Deposit rates
These tables show the fixed term rates for deposits of between $5,000 (the minimum opening balance) and $1,999,999. Interest is calculated daily and paid as shown in the tables.
Terms up to 12 months
Fixed term | Interest rate | Interest paid |
---|---|---|
30 days | 0.05% | At maturity |
60 days | 0.05% | At maturity |
90 days | 0.07% | At maturity |
4 months | 0.08% | At maturity |
5 months | 0.10% | At maturity |
6 months | 0.15% | At maturity |
7 months | 0.15% | At maturity |
8 months | 0.15% | At maturity |
9 months | 0.20% | At maturity |
10 months | 0.25% | At maturity |
11 months | 0.25% | At maturity |
12 months | 0.25% | At maturity |
Terms over 12 months
Fixed term | Interest rate | Interest paid |
---|---|---|
12 months | 0.25% | Monthly, quarterly, half-yearly or annually |
24 months | 0.30% | Monthly, quarterly, half-yearly or annually |
36 months | 0.30% | Monthly, quarterly, half-yearly or annually |
48 months | 0.30% | Monthly, quarterly, half-yearly or annually |
60 months | 0.30% | Monthly, quarterly, half-yearly or annually |
For Term Deposits equal to or greater than $2 million please visit a NAB branch.
Applying is easier using internet banking
If you’re an existing customer, you can apply for amounts up to $250,000 (with terms of 30 days to five years) using NAB Internet Banking. By logging in, you'll save time because your personal details are pre-filled.
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Select 'Products' under the Products menu.
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Select 'NAB Term Deposit'.
What to know before you apply
What you’ll need
Check your eligibility
Ready to apply?
Start your savings plan today. Applying online only takes about 10 minutes. If you're not eligible to apply online, visit a branch.
Help and support
Here are some tips and guides to help you save and manage your Term Deposit account more easily.
More help and support
Use our helpful guides, FAQs and support services to help manage all of your banking more easily.
Other accounts to consider
Looking for some other savings account options to go with your Term Deposit?
Contact us
Visit a NAB branch
Visit your nearest NAB branch to speak to us in person.
Call us
Let us help you with your personal banking needs.
Terms and Conditions
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NAB recommends you consider the Terms and Conditions or other disclosure document, available from NAB, before making any decisions regarding these product. These products are issued by National Australia Bank Limited ABN 12 004 044 937.
Target Market Determinations for these products are available at nab.com.au/TMD.