Features of NAB iSaver

Learn about the features of our online savings account.

Flexibility to make withdrawals and still earn interest

Make withdrawals using your linked NAB transaction account knowing your interest rate won’t change.

No monthly account and transaction fees

With $0 monthly account service fee and no minimum deposit required, all your savings get put to good use.

Earn an introductory rate for the first four months

Get your savings off to a good start with our competitive introductory interest rate.

Rates explained

Read through our online savings account rates and what they mean.

Standard variable rate

2.00 % p.a.

At a minimum, you'll get this rate (subject to change).

Fixed bonus margin

3.00 % p.a.

We’ll add this bonus rate for the first four months when you open your first NAB iSaver account, if you have not held a NAB iSaver in the last 12 months (on balances up to $20 million).

Total introductory interest rate

5.00 % p.a.

This is the total rate (standard variable rate + fixed bonus margin rate) you could earn on your first NAB iSaver account for the first four months, if you have not held a NAB iSaver in the last 12 months (on balances up to $20 million).

Open an online savings account in the NAB app

If you’re an existing customer, applying in the NAB app is easy.

  1. Log into the NAB app.

  2. Tap More.

  3. Select New account.

  4. Select 'Savings accounts'.

What you’ll need to apply for an online savings account

Here's what you need to know about applying and eligibility. If you’re a NAB customer, have your NAB IDYour NAB ID is an 8 to 10 digit number given to you when you first become a NAB customer.  There are three ways to find your NAB ID: 1. We send it to you via email and SMS when you first become a customer. 2. On the back of your credit card or debit card, above the magnetic strip. Not all cards have this. 3. In the NAB app once you've registered for internet banking. Your NAB ID can be found under More and then My Details. This option is only available for personal profiles (not business ones). and password ready.

Identify yourself

If you’re a new customer, we’ll need either:

  • your passport

  • your driver's licence

  • your Medicare card

Check your eligibility

You must be:

  • 14 years of age or older

  • an Australian resident for tax purposes

  • a NAB transaction account holder

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 for a NAB iSaver?

If you've checked you're eligible to apply and have all your documents ready, let's get started.

Other ways we can help

Use our help guides, FAQs and other support services to help you manage your banking more easily.

Set and track your savings goals

Create multiple savings goals with My Goals in the NAB app so you can save for anything from a new home to a weekend away. Just set a target, name your goal and pick a date. My Goals will work out the rest.

Other account options to consider

Haven't found what you're looking for? Here are some other accounts to explore.

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. Target Market Determinations for these products are available at nab.com.au/TMD. NAB products issued by NAB.

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

Closing your account

The quickest and easiest way to close your account is through NAB Messaging 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.