Choose your bank accounts

Open a savings account or term deposit to help you reach your savings goals, or open a transaction account for your everyday banking.

Transaction accounts

NAB Classic Banking account

Meet your everyday bank account. Easy access to your money everyday with no monthly account or overdrawn fees.


  • No monthly account fees and no minimum monthly deposits

  • No ATM withdrawal fees at over 4,000 ATMs across Australia

  • A NAB Visa Debit card for all your everyday spending

NAB Retirement Account

Get more from your money in retirement, with easy access to your account and all while earning interest.


  • No monthly account fees and no minimum monthly deposits.

  • Earn interest daily on your account balance

  • A NAB Visa Debit card for all your everyday spending

Your choice of cards

When you apply for a NAB Classic Banking account you’ll get a choice between two feature-packed Visa Debit cards.

Savings and term deposits

NAB Reward Saver

Grow your savings faster with bonus interest for regular deposits and no withdrawals.

Earn up to

5.00 % p.a.

On a Tiered interest structureNAB 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. , earn up to 5.00% p.a. (0.35% p.a. variable base rate + 4.65% p.a. variable bonus rate) for each month that you make at least one deposit before the second last banking day and no withdrawals.

Interest rates shown above are for balances up to $49,999. View Indicator Rates - Deposits for full details of tiers and rates.

Is this account right for you?

  • Ideal if you’re saving for a goal e.g. a holiday or a home loan deposit.

  • You can make regular monthly deposits to secure the higher interest rate.

NAB iSaver

Easily access your money with an online savings account linked to your NAB transaction account.

Introductory interest rate for 4 months

5.00 % p.a.


2.00% p.a. base variable rate + 3.00% p.a. fixed margin for 4 months. After 4 months, the base variable rate of 2.00% p.a. will apply.

Is this account right for you?

  • You want the flexibility to earn interest and make withdrawals.

  • You want to earn a high interest rate for the next four months.

NAB Term Deposit

Enjoy a competitive interest rate and the ability to choose a term to suit your specific needs.

12 month term

4.70 % p.a.

A fixed interest rate, paid at maturity. Interest rates vary based on the term you choose.

Is this account right for you?

  • You want to lock your savings away for a term that suits you, from 30 days to 5 years.

  • You don’t need to access your savings for the duration of the term your choose.

Compare interest rates for savings accounts and term deposits.

Online banking How to open a savings or transaction account with the NAB app

Open a savings account, term deposit or everyday bank account today. If you're already a NAB customer, applying in the NAB app is easy.

  1. Open the NAB app.

  2. Tap Login on the home screen.

  3. Select New account from the menu.

  4. Choose a Transaction or Savings account.

Check your eligibility to apply online

To open a bank account online you’ll need to meet our eligibility criteria. If you don’t meet this criteria, visit us in branch and we can help.

You can apply for a bank account online if:

  • You're 14 years or older

  • You're an Australian resident for tax purposes.

  • If you’re applying for a NAB Retirement Account, you're over 55 years old and retired.

Eligibility to open a joint account

You can open a joint account online at NAB if you meet one of the following requirements:

  • Both applicants are new customers to NAB

  • Both applicants are existing NAB customers.

  • You’re not applying for a NAB Retirement Account.

If you don’t meet these requirements, you can apply at your nearest NAB branch.

Help and support

Here are some useful tips to help you apply, set up and manage your accounts.

Related guides

Haven't found what you're looking for? Here are some guides you might find helpful if you're a student, moving to Australia or want to change your banking to NAB.

Get in touch

Visit a NAB branch

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

Important Information

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 Personal Transaction and Savings Products Terms and Conditions (PDF, 627KB), opens in new window or NAB Term Deposit Terms and Conditions. Target Market Determinations for these products are available at NAB products issued by NAB.

See our personal banking fees and charges and indicator rates for deposit products.

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) or Saturday to Sunday, 9:00am to 6:00pm (AEST/AEDT).