NAB Retirement Account features

Here's what you get with a NAB Retirement Account and what you'll need to apply.

Key features

  • No monthly account fees and no minimum monthly deposits.

  • Earn interest daily on your account balance.

  • No ATM withdrawal fees at over 7,000 ATMs across Australia.

  • A NAB Visa Debit card for all your everyday spending.


  1. You must be over 55 and retired, or receiving a Government pension or allowance.

  2. Have your passport or driver’s licence and a utility bill with you.

  3. Visit your nearest branch to apply.

Additional features

Secure and convenient banking

Be digital-ready with NAB Internet Banking, the NAB app and digital wallets.

Easy access to your money

Pay instore or online, make fast payments and transfers and withdraw your money from ATMs.

Earn interest on every dollar

Receive tiered interest to maximise the return on your balance.

Fees and charges

A low fee account to help you save in your retirement.

Monthly account fees

$ 0

Keep extra cash in your account to maximise interest.

Withdrawal fees

$ 0

No fee at over 7,000 ATMs across Australia.

Transaction fees

$ 0

Within Australia.

Overdrawn fees

$ 0

If you happen to overdraw your account.

Debit interest may apply to overdrawn amounts. Learn more about Personal account default rate.

How you'll earn interest

Interest is calculated daily and paid quarterly. You'll receive tiered interest based on the tier your account balance falls into.

The daily interest amount for the last banking day of a quarter will be included in the amount paid to you in the following quarter.

View tiered interest rates

Keep your finger on the pulse with the NAB app

Here are just a few things that make banking with us online easier.

  • Block and unblock your card.

  • Tap and pay for purchases.

  • Check your balances on the go.

  • Login faster with your biometrics.

Terms and Conditions

Personal Transactions and Savings Products terms and conditions

Read our terms and conditions before applying. Rates fees and charges information also available.

Personal Transaction and Savings Products Terms and Conditions

Personal Banking Fees and Charges

Indicator rates - deposit products

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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, 8:00am to 7:00pm (AEST/AEDT)
  • Saturday to Sunday, 9:00am to 6:00pm (AEST/AEDT)