Savings accounts | Compare accounts and interest rates - NAB

Compare our savings accounts

Whether you're saving for a goal or want easy access to your savings, we’ve got an account that may suit your needs.

Compare our account features and savings interest rates.

NAB iSaver

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

Introductory rate5.25% p.a.

1.65% p.a. standard variable rate + 3.60% p.a. fixed bonus margin for 4 months. After 4 months, the standard variable rate of 1.65% p.a. will apply.

Fixed bonus margin is only available to customers who have not held a NAB iSaver in the last 12 months (on balances up to $20 million).

Is this savings account right for you?

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

  • You want to earn an introductory rate for the first 4 months.

  • You want to link your NAB transaction account to your NAB iSaver.
Apply online in less than 5 minutes
Get started
Find out more

NAB Reward Saver

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

Earn up to5.00% p.a.

Earn up to 5.00% p.a. (0.01% p.a. variable base rate + 4.99% p.a. variable bonus rate) for each month that you make at least one deposit on or before the second last banking day and no withdrawals.

View our indicator rates for deposit products for full details.

Is this savings 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 bonus interest rate.
Apply online in less than 5 minutes
Get started
Find out more

NAB Term Deposit

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

12 month term5.25% p.a.

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

Is a term deposit right for you?

  • You want to lock your savings away for a term that suits you.

  • You don’t need to access your savings for the duration of the term you choose.
Apply online in less than 10 minutes
Explore term deposits

Make the most of your savings

Set and track your savings goals 

Create virtual savings jars with Saving Spaces in the NAB app, so you can save for all the things that matter to you. 

Grow with confidence

Explore our Spending tool, designed to help you better manage your money. 

Security first

24/7 secure access to your bank accounts with the NAB app – wherever you are. 

Things you should know

  • A savings account is an account that you can store money in securely and earn interest on over time. It usually offers a higher interest rate than a transaction account, which makes it better for saving, not everyday spending.

  • Applying online is often the quickest way to open a new account. To apply online, you must be 14 years or older, an Australian resident for tax purposes and have an Australian mobile number. If one or more of these doesn’t apply to you, you’ll need to visit a NAB branch and speak to one of our bankers.

  • If you’re applying for an account online, you’ll need at least one form of ID, and two if you’re under 18. This can include your passport (Australian or foreign), Australian driver's licence, birth certificate or Medicare card (you'll need a second ID with this).

  • Yes, both the NAB Reward Saver and iSaver accounts can be opened for children. If they’re aged 14 or over they can apply online. Children under 14 will need to go into branch with a parent or guardian.

  • The NAB Reward Saver and iSaver accounts can be opened as joint accounts. If you’re new to NAB you can apply online if you both meet the ID requirements. If you’re an existing customer make sure to have your NAB ID handy.

  • There’s no monthly account fee for either a NAB Reward Saver or NAB iSaver.

Looking for something else?

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 Classic Banking account

However you bank, you’ll pay no monthly account fee. Spend more on what’s important to you.

Help and support

Guides and support services to help you manage your banking.

Get in touch

Visit a NAB branch

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

Find a NAB branch

Important Information

Any advice has been prepared without your objectives, financial situation or needs. Before acting on any advice, you should consider whether it is appropriate for your circumstances and view our Personal Transaction and Savings Accounts Terms and Conditions and our Term Deposit Terms and Conditions. Target Market Determinations for NAB products are available at nab.com.au/TMD. NAB products issued by NAB. See our indicator rates for deposit products and term deposit indicator rates.

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