NAB Reward Saver

If you’re a new customer, you’ll only need to head into a NAB branch if we can’t match your details through electronic verification or you don’t consent to electronic verification when you apply online. If this is the case, you’ll need to complete a 100-point ID check when you’re at the branch.

If you’re already a NAB customer, you’ll only need to visit a branch to complete a 100-point ID check if you didn’t complete electronic verification or a 100-point ID check when you previously opened a NAB account.

A banking day is any day that isn’t a weekend or an Australia-wide public holiday.

If you’re a new customer applying online, the joint applicant will also need be a new customer to NAB.

If you’re an existing NAB customer applying online, there are two important considerations: the joint applicant will need to be an existing customer and you’ll both need to hold an existing joint account with NAB – a NAB home loan, personal loan or credit card, for example.

If you don’t meet either of these requirements, you’ll need to apply together at your nearest NAB branch.

It’s calculated daily and paid monthly. It’ll be calculated at the total rate if you make at least one deposit before the second last banking day of that month and no withdrawals during that month, or, if you haven’t, you’ll still get your variable base rate.

No, you don’t have to link your NAB Reward Saver account to a NAB transaction account such as a NAB Classic Banking account or NAB Retirement Account.

However, having a NAB transaction account will you allow to quickly and easily transfer your deposit into your NAB Reward Saver each month using NAB Internet Banking or the NAB app.

If you complete electronic verification when you apply for your NAB Reward Saver online, your account will be opened immediately and you can transfer money from another bank straightaway.

If we can’t match your details through electronic verification when you apply online, your account will still be opened immediately and you can transfer money into it straightaway. However, you won’t be able to withdraw or transfer funds from your account until you visit your nearest NAB branch to complete a 100-point ID check.

A NAB Reward Saver rewards you for working towards your savings goals with bonus interest for making at least one deposit before the second last banking day of that month and no withdrawals during that month.

A NAB iSaver, on the other hand, offers you a competitive interest rate, while giving you the flexibility to park cash and make unlimited transfers between your linked everyday banking account without affecting your interest rate.

No, you can’t link a card directly to your NAB Reward Saver account.

However, you can link a card to your NAB transaction account – a NAB Classic Banking account or NAB Retirement Account – if you choose to open one. You can choose either a NAB Visa Debit card or NAB Platinum Visa Debit card when you apply for your NAB transaction account online.