Here's what you get...

  • A high interest rate if you’re a motivated saver

  • A base interest rate that gives you flexibility to withdraw

  • Bonus interest to help boost your savings along the way

  • No monthly account fees and no minimum monthly deposits

Ready to roll? Open within 7 minutes...

  • Have your passport, driver’s licence or Medicare card handy

  • You’ll also need to be at least 18 and a permanent Australian resident

Okay, let's break it down...

0.50 % p.a.

Variable base rate

This is what you get regardless of how many transactions you make, or what your balance is. It’s calculated daily and paid monthly.

+
2.00 % p.a.

Variable bonus rate

This is what you’ll get if you make at least one deposit and no withdrawals before the second last banking day of the month.

=
2.50 % p.a.

Total interest rate

If you’re committed to saving each month and make no withdrawals, this is the total rate you’ll get.

2.50 % p.a.

Total interest rate

If you’re committed to saving each month and make no withdrawals, this is the total rate you’ll get.

=
2.00 % p.a.

Variable bonus rate

This is what you’ll get if you make at least one deposit and no withdrawals before the second last banking day of the month.

+
0.50 % p.a.

Variable base rate

This is what you get regardless of how many transactions you make, or what your balance is. It’s calculated daily and paid monthly.

  • Monthly account fees

    $0

  • Transaction fees

    $0

Get rolling within 24 hours

  • Step 1

    Apply online now – it takes less than seven minutes.

  • Step 2

    You’ll then get an SMS with your NAB Identification Number (NIN) within 60 seconds.

  • Step 3

    Register for Internet Banking (using your NIN), and you’re ready to roll.

  • Step 4

    Start depositing your savings and working towards your savings goal.

Goodbye, hassle

Hello, NAB app


Check your balances on the fly

We’ve done away with having to log in to the NAB app every time you need to check your account balances for iPhone and Android users. They’re now displayed on the login screen so you can view them quickly and easily

Have any questions?

Let's get you sorted

Are there any other hidden fees I need to know about?

No, none at all. You can check out the rates and fees for all our products in more detail right here.

Can I just open a NAB Reward Saver, or does it have to be linked to a NAB transaction account?

No, it doesn’t need to be linked, so open away.

How is my interest calculated?

It’s calculated daily and paid monthly. It’ll be calculated at the total rate if you’ve made at least one deposit before the second last banking day of the month, or, if you haven’t, you’ll still get your variable base rate.

Are there any other forms of ID that I need to provide?

If you have your passport, driver’s licence or Medicare card, then, no. When you apply online, you’ll be prompted to verify your ID electronically. If you don’t have either of these, you’ll need to pop into a NAB branch and complete the standard 100-point ID check.

Do I have to make a minimum deposit when I open it?

No, not at all. Just make a deposit – large, small, whatever – whenever you’re ready to start saving.

How easy it to access my savings and move money around?

It’s super easy, whether you’re using the NAB App or NAB Internet Banking.

Still have questions?

Okay, no worries. Give us a call on 13 22 65

Other options to consider

NAB iSaver

Enjoy flexibility with your savings while still earning interest. Receive the fixed bonus margin for the first four months on your first new account for balances up to $20m.

NAB Term Deposit

Earn competitive interest on your savings over a fixed term that suits you.

NAB Cash Manager

Manage your investment cash flow (including SMSF) and earn interest on your balance.

We're ready to help you

Talk to an expert
Call 13 22 65

Mon-Fri 8am - 7pm (AEST/ADST)
Sat-Sun 9am - 6pm (AEST/ADST)