Benefits of NAB Reward Saver

Bonus interest to help boost your savings

An account to help motivate you with your saving goals. Receive the variable bonus rate when you make at least one deposit on or before the second last banking day of the month, and no withdrawals.

No monthly account and transaction fees

With $0 monthly account service fee and no minimum balance, 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

0.49 % 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

0.50 % 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.

NAB Reward Saver has a tiered interest structure, meaning you may receive a different rate for the entire balance depending on the tier your balance falls within. Interest rates shown above are for balances up to $49,999. View Indicator Rates - Deposits for full details of tiers and rates.

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:

  • 14 years of age or older

  • an Australian resident for tax purposes

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?

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

If you would also like to open a transaction account, you can apply for one within your NAB Reward Saver application.

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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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.