Benefits of NAB Reward Saver

Bonus interest to help boost your savings

A high interest rate to help motivate you with your saving goals.

No monthly account and transaction fees

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

A base interest rate with the flexibility to withdraw

Make withdrawals and still receive the base interest rate.

Interest rates

Variable base rate

0.01 % p.a.

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

Variable bonus rate

0.24 % p.a.

We’ll add this bonus rate if you make at least one deposit on or before the second last banking day of the month and no withdrawals during the month.

Total interest rate

0.25 % p.a.

If you save each month and make no withdrawals, this is the total rate (variable base rate + variable bonus rate) you’ll get.

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

Identify yourself

We’ll need either:

  • your passport

  • your driver's licence

  • your Medicare card

Check your eligibility

You must be both:

  • 16 years of age or older

  • a permanent Australian resident

Not eligible to apply online?

Call us on 13 22 65 or visit a branch.

Ready to apply?

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

Apply now

Tools and calculators

Help me choose a savings account

Not sure which savings account to get? Let us help you choose.

Savings calculator

See how much you could save over time or how long it will take to reach your savings goal.

Calculators and financial tools

Use our personal banking calculators to help you plan, save and manage your loans and accounts.

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.

View our help and support hub

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.

How to set and track savings goals

Other account options to consider

NAB iSaver

Enjoy flexibility with your savings while still earning interest. Receive the fixed bonus margin for the first four months on your first new account for balances up to $20m.

NAB Term Deposit

With a competitive interest rate for a term that suits you, our term deposits can help you reach your savings goals.

NAB Cash Manager Account

The NAB Cash Manager can help you manage your cash flow with no account or transaction fees. Access your money whenever you need it.

Closing your account

If you’d like to close your account please visit a NAB branch, or call us on 13 22 65 from Monday to Friday from 8:00am to 7:00pm (AEST/AEDT), Saturday from 7:00am to 6:00pm (AEST/AEDT) or Sunday from 9:00am to 6:00pm (AEST/AEDT).

Contact us

Visit a NAB branch

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

Find a branch

Call us

Let us help you with your personal banking needs.

Contact numbers

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.