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 before the second last banking day of the month and no withdrawals during 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 before the second last banking day of the month and no withdrawals during 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

What ID do I need to provide when I apply online?

To avoid having to go into a NAB branch, all you need to do is agree to electronic verification of your identity when you apply online and enter the details of either your Australian-issued driver’s licence, Medicare card or passport.

Also, if you provide at least two forms of ID, you’ll have a greater chance of completing electronic verification – by entering the details of both your driver’s licence and Medicare card, for example.

Once I apply, do I need to go into a NAB branch at all?

If you’re a new customer, you’ll only need to head into a NAB branch if we can’t match your details through electronic verification or you don’t consent to electronic verification when you apply online. If this is the case, you’ll need to complete a 100-point ID check when you’re at the branch.

If you’re already a NAB customer, you’ll only need to visit a branch to complete a 100-point ID check if you didn’t complete electronic verification or a 100-point ID check when you previously opened a NAB account.

What is a banking day?

A banking day is any day that isn’t a weekend or an Australia-wide public holiday.

Can I open a joint account online?

If you’re a new customer applying online, the joint applicant will also need be a new customer to NAB.

If you’re an existing NAB customer applying online, there are two important considerations: the joint applicant will need to be an existing customer and you’ll both need to hold an existing joint account with NAB – a NAB home loan, personal loan or credit card, for example.

If you don’t meet either of these requirements, you’ll need to apply together at your nearest NAB branch.

How is my interest calculated and paid?

It’s calculated daily and paid monthly. It’ll be calculated at the total rate if you make at least one deposit before the second last banking day of that month and no withdrawals during that month, or, if you haven’t, you’ll still get your variable base rate.

Does my NAB Reward Saver have to be linked to a NAB transaction account?

No, you don’t have to link your NAB Reward Saver account to a NAB transaction account such as a NAB Classic Banking account or NAB Retirement Account.

However, having a NAB transaction account will you allow to quickly and easily transfer your deposit into your NAB Reward Saver each month using NAB Internet Banking or the NAB app.

How long will it take for my account to be opened and before I can transfer money into it?

If you complete electronic verification when you apply for your NAB Reward Saver online, your account will be opened immediately and you can transfer money from another bank straightaway.

If we can’t match your details through electronic verification when you apply online, your account will still be opened immediately and you can transfer money into it straightaway. However, you won’t be able to withdraw or transfer funds from your account until you visit your nearest NAB branch to complete a 100-point ID check.

Are there any 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.

What’s the difference between a NAB Reward Saver and NAB iSaver?

A NAB Reward Saver rewards you for working towards your savings goals with bonus interest for making at least one deposit before the second last banking day of that month and no withdrawals during that month.

A NAB iSaver, on the other hand, offers you a competitive interest rate, while giving you the flexibility to park cash and make unlimited transfers between your linked everyday banking account without affecting your interest rate.

Can I have a card linked to my NAB Reward Saver account?

No, you can’t link a card directly to your NAB Reward Saver account.

However, you can link a card to your NAB transaction account – a NAB Classic Banking account or NAB Retirement Account – if you choose to open one. You can choose either a NAB Visa Debit card or NAB Platinum Visa Debit card when you apply for your NAB transaction account online.

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)