Features

Learn about the features and benefits of our online savings account.

Flexibility to make withdrawals and still earn interest

Make withdrawals using your linked NAB Transaction account knowing your interest rate won’t change.

No monthly account and transaction fees

With $0 monthly account service fee and no minimum deposit required, all your savings get put to good use.

Earn an introductory rate for the first four months

Get your savings off to a good start with our competitive introductory interest rate.

Rates explained

Standard variable rate

0.05 % p.a.

At a minimum, you'll get this rate (subject to change).

Fixed bonus margin

0.25 % p.a.

We’ll add this bonus rate for the first four months when you open your first NAB iSaver account (balances up to $20 million).

Total introductory interest rate

0.30 % p.a.

This is the total rate (standard variable rate + fixed bonus margin rate) you could earn on your first NAB iSaver account for the first four months (balances up to $20 million).

Open an account in the NAB app: fast and easy

If you’re an existing customer, applying in the NAB app is easy. Open your account with one click and start saving immediately.

  1. Log into the NAB app.

  2. Tap More.

  3. Select New account.

  4. Select 'Savings accounts'.

What you’ll need to apply

Here's what you need to know about applying and eligibility.

Identify yourself

We’ll need either:

  • your passport

  • your driver's licence

  • your Medicare card

Check your eligibility

You must be:

  • 14 years of age or older

  • an Australian resident for tax purposes

  • a NAB Transaction account holder

Not eligible to apply online?

If you’re unable to apply for this product online, visit a branch and a banker will help you.

Ready to apply for a NAB iSaver?

If you've checked you're eligible to apply and have all your documents ready, let's get started.

Help and support

Guides and support services to help you manage your banking.

Other ways we can help

Use our help guides, FAQs and other support services to help you manage your banking more easily.

Help to reach your savings goals

Easily set, track and reach your savings goals with the NAB app. Simply enter the date you want to reach your goal by and we’ll let you know how much to set aside and how often. You’ll be able to check your progress in the app and stay on track.

Other account options to consider

Haven't found what you're looking for? Here are some other accounts to explore.

Contact us

Visit a NAB branch

Visit your nearest NAB branch to speak to us in person.

Terms and Conditions

Personal Transaction and Savings Products Terms and Conditions

Personal Banking Fees and Charges

Indicator rates - deposit products

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Target Market Determinations for these products are available at nab.com.au/TMD.
 

Closing your account

The quickest and easiest way to close your account is through Live Chat in Internet Banking or the NAB app.

If you need further support, please find your closest branch or give us a call on 13 22 65 or +61 3 8641 9083 if you’re overseas.