What you need to apply
Eligibility to apply online
You're 14 years or older.
You're an Australian resident for tax purposes.
You're applying for a single or joint term deposit account.
What to know before you apply
- This product has a fixed term. If you think you’ll need immediate access to your money, an ‘at call’ product might suit you better. However, you can access your money early by giving us 31 days notice.
- If you access your funds before your term deposit matures, we’ll adjust the amount of interest you receive. This is called a prepayment cost. The prepayment cost applies even if you give us 31 days notice.
- If you chose to reinvest your funds in a new term deposit after your original term deposit matures, a different interest rate may apply.
How to apply
If you’re already a customer, you can apply for terms ranging from 30 days to five years using your NAB ID.
New to NAB?
If you’re a new NAB Applicant, or don’t have any active NAB accounts, you’re still eligible to apply for terms between 30 days and one year. You’ll need to provide at least one of the following forms of ID:
- Australian passport
- Foreign passport
- Australian driver's licence
- Medicare card
Need to deposit over $1,999,999 or want a longer term? Give us a call on 13 13 12 from Monday to Friday, 8:00am to 7:00pm (AEST/AEDT) or Saturday to Sunday, 9:00am to 6:00pm (AEST/AEDT).
Terms and Conditions
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Any advice has been prepared without considering your objectives, financial situation or needs. Before acting on any advice, you should consider whether it is appropriate for your circumstances and view the NAB Term Deposit Terms and Conditions. Target Market Determinations for these products are available at nab.com.au/TMD. NAB products issued by NAB.
See our Term deposit indicator rates.