0.35 % p.a.
Features of NAB Reward Saver
Bonus interest to help boost your savings
An account to help motivate you with your saving goals. Receive the variable bonus rate when you make at least one deposit on or before the second last banking day of the month, and no withdrawals.
No monthly account and transaction fees
With $0 monthly account service fee and no minimum balance, all your savings get put to good use.
A base interest rate with the flexibility to withdraw
Make withdrawals and still receive the base interest rate.
Variable base rate
At a minimum, you'll get this rate (subject to change).
Variable bonus rate
4.65 % p.a.
We’ll add this bonus rate if you make at least one deposit on or before the second last banking day of the month and no withdrawals during the month.
Total interest rate
5.00 % p.a.
If you save each month and make no withdrawals, this is the total rate (variable base rate + variable bonus rate) you’ll get.
NAB Reward Saver has a tiered interest structure, which means you may receive a different rate for your entire balance depending on the tier your balance falls within. These interest rates are for balances up to $49,999. View our indicator rates for deposit products for full details of tiers and rates.
Open an online savings account in the NAB app
If you’re an existing customer, applying in the NAB app is easy.
Log into the NAB app.
Select New account.
Select 'Savings accounts'.
What you’ll need to apply
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.
If you’re a new customer, we’ll need either:
Check your eligibility
You must be both:
Ready to apply?
If you've checked you're eligible to apply and have all your documents ready, let's get started.
Help and support
Guides and support services to help you manage your banking.
Other ways we can help
Use our help guides, FAQs and other support services to help you manage your banking more easily.
Help to reach your savings goals
Easily set, track and reach your savings goals with the NAB app. Simply enter the date you want to reach your goal by and we’ll let you know how much to set aside and how often. You’ll be able to check your progress in the app and stay on track.
Other account options to consider
If you would also like to open a transaction account, you can apply for one within your NAB Reward Saver application.
Get in touch
Visit a NAB branch
Visit your nearest NAB branch to speak to us in person.
Apologies but the Important Information section you are trying to view is not displaying properly at the moment. Please refresh the page or try again later.
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.
Closing your account
The quickest and easiest way to close your account is through NAB Messaging in Internet Banking or the NAB app.