Indicator rates - personal deposits

  Variable base rate Variable bonus rate Total interest rate
$1 - $49,999
Variable base rate
0.35% p.a.
Variable bonus rate
4.65% p.a.
Total interest rate
5.00% p.a.
$50,000 - $249,999
Variable base rate
0.35% p.a.
Variable bonus rate
4.65% p.a.
Total interest rate
5.00% p.a.
$250,000 - $999,999
Variable base rate
0.35% p.a.
Variable bonus rate
4.65% p.a.
Total interest rate
5.00% p.a.
$1,000,000 plus
Variable base rate
0.35% p.a.
Variable bonus rate
4.65% p.a.
Total interest rate
5.00% p.a.
Base interest 0.55% p.a.
Base interest 2.80% p.a
Standard variable rate 2.00% p.a
Fixed bonus margin 3.00% p.a
Total introductory rate 5.00% p.a

NAB Retirement Account or NAB Retirement Passbook Account (not for sale)

$1 - $9,999 0.15% p.a. 
$10,000 - $49,999 1.50% p.a.
$50,000 - $249,999 2.00% p.a.
$250,000 plus 2.15% p.a.

NAB Private Portfolio Facility

NAB Private Portfolio Facility, NAB Portfolio Facility (no longer for sale to personal banking customers), or NAB FlexiPlus Mortgage Facility (new lending restricted to bridging purposes only)

$1 - $19,999 n/a
$20,000 - $49,999 0.01% p.a.
$50,000 - $99,999 0.01% p.a.
$100,000 plus 0.05% p.a.

Transaction accounts

NAB Classic Banking Account   0.01% p.a.
NAB Gold Banking Account - Private (not for sale) 0.01% p.a.
NAB Gold Banking Account   (not for sale) 0.01% p.a.
NAB Passbook Account (not for sale) 0.01% p.a.

Default rates 

Applicable to accounts overdrawn without an approved overdraft limit.

Personal accounts 15.41% p.a.

Indicator rates - business deposits

Business Transaction Accounts

NAB Business Cash Maximiser Account

NAB Business Cash Maximiser Account  
$10,000 plus 1.15% p.a.

NAB Business Cash Maximiser (SMSF) Account

NAB Business Cash Maximiser (SMSF) Account  (not for sale)

(Only applicable for accounts opened prior to 20 July 2020)

 
$10,000 plus 1.00% p.a.

NAB Farm Management Account

(including Farmer's Choice Package – no longer for sale)

$1 - $19,999 0.05% p.a.
$20,000 - $49,999 0.40% p.a.
$50,000 - $99,999 0.40% p.a.
$100,000 plus 0.40% p.a.
$1 - $49,999 0.50% p.a.
$50,000 - $99,999 0.85% p.a.
$100,000 plus 1.00% p.a.

Victorian Retail Lease Account 

$1 plus 0.05% p.a.

NAB Deposit Reference Rate

$1 plus 3.85% p.a.

Overdrawn Debit Interest Rates

Business accounts 10.72% p.a.
Farm management accounts  10.72% p.a.
Statutory trust accounts 10.72% p.a.
Victorian Retail Lease Account 10.72% p.a.

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Terms and Conditions

Any advice in this document has been prepared without taking into account your objectives, financial situation or needs. Before acting on any advice on this document, National Australia Bank Limited recommends that you consider whether it is appropriate for your circumstances. Before making any decisions regarding any of the products covered by this document, NAB recommends you consider the applicable Product Disclosure Statement or other disclosure document, available from NAB. The products covered by this document are issued by National Australia Bank Limited ABN 12 004 044 937 AFSL 230686.

This information was prepared on 12 July 2024.

All rates are effective, 15 July 2024, and are subject to change at any time. Fees and Charges apply. To find out more, visit nab.com.au, call into a NAB branch, or call 13 13 12 for information on personal rates or 13 10 12 for information on business rates.

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