NAB Retirement Account features
Here's what you get with a NAB Retirement Account and what you'll need to apply.
Secure and convenient banking
Be digital-ready with NAB Internet Banking, the NAB app and digital wallets.
Easy access to your money
Pay instore or online, make fast payments and transfers and withdraw your money from ATMs.
Earn interest on every dollar
Receive tiered interest to maximise the return on your balance.
Fees and charges
A low fee account to help you save in your retirement.
Monthly account fees
Keep extra cash in your account to maximise interest.
No fee at over 7,000 ATMs across Australia.
If you happen to overdraw your account.
Debit interest may apply to overdrawn amounts. Learn more about our personal account default rates.
Ready to apply?
Check your eligibility and apply online in less than five minutes.
You must be over 55 years old, retired and an Australian resident for tax purposes.
If you're new to NAB, have your passport, driver's licence or Medicare card handy.
You must be an individual (not a joint applicant).
Note: If you're not over 55 and retired, but receive a Government pension or allowance, you'll need to visit a NAB branch to open an account. Bring your passport or driver's licence and proof that you’re a government concession card holder, such as a utility bill).
How you'll earn interest
Interest is calculated daily and paid quarterly. You’ll receive a different interest rate for the portion of your credit balance that falls within each tier.
The daily interest amount for the last banking day of a quarter will be included in the amount paid to you in the following quarter.
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.
Other bank accounts to consider
Get in touch
Visit a NAB branch
Visit your nearest NAB branch to speak to us in person.
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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 Personal Transaction and Savings Products Terms and Conditions (PDF, 627KB), opens in new window. Target Market Determinations for NAB products are available at nab.com.au/TMD. NAB products issued by NAB.
NAB Internet Banking and NAB app
These products are issued by National Australia Bank Limited.
NAB recommends you consider the NAB Internet Banking terms and conditions document, before making any decisions regarding this product.
The NAB app is compatible with Android™ and iOS, minimum platform requirements apply. Apple, iPhone, iPad, Touch ID and the Apple logo are trademarks of Apple Inc., registered in the U.S and other countries. App Store is a service mark of Apple Inc. Google and the Google Logo are registered trademarks of Google Inc. © 2012 Google Inc.
Closing Your Account
The quickest and easiest way to close your account is through NAB Messaging in Internet Banking or the NAB app.