Monday, 17 June 2019

This document forms part of the product disclosure statement for each of the products listed in this document along with the product disclosure statement including terms and conditions for the relevant product. If you would like a copy of these documents, contact us.

About NAB Term Deposits

A term deposit lets you lock in a high interest rate, while choosing a term to suit your specific needs. With a NAB Term Deposit you:

  • can open a term deposit with $5,000 or more
  • can choose a fixed term to suit your needs - from 30 days to five years
  • pay no application or monthly account fees.

The interest is calculated daily and paid when your term deposit matures. For terms of 12 months or more, you can choose to have your interest paid monthly, quarterly, half-yearly or annually – whichever works best for you.

Find out more about NAB Term Deposits.

Looking for rates?

Our term deposit rates


Balances $5,000 - $499,999

rates paid at maturity
Interest paid at maturity
30 days Interest paid at maturity 1.25% p.a.
60 days Interest paid at maturity 1.40% p.a.
90 days Interest paid at maturity 1.85% p.a.
4 months Interest paid at maturity 2.05% p.a.
5 months Interest paid at maturity 1.65% p.a.
6 months Interest paid at maturity 1.75% p.a.
7 months Interest paid at maturity 1.65% p.a.
8 months Interest paid at maturity 1.65% p.a.
9 months Interest paid at maturity 1.65% p.a.
10 months Interest paid at maturity 1.65% p.a.
11 months Interest paid at maturity 1.65% p.a.
12 months Interest paid at maturity 1.90% p.a.

Special farming rates

Farm management deposits

Balances $10,000 - $800,000 - Interest paid annually or at maturity

farm management deposits
6 months
2.25% p.a.
12 months
2.30% p.a.
13-23 months
2.35% p.a.
24 months
2.35% p.a.

Speak to a NAB Regional Agribusiness Banker

Request a call

Term Deposit Fees and Charges

With your NAB Term Deposit there are no set up or monthly service fees.

If you choose to withdraw from your term deposit before the end of its term, you’ll need to give us 31 days’ notice. It’s also important to note that this can affect the interest we pay you.

For more information view our NAB Term Deposit Terms and Conditions.

Managing your Term Deposit

Managing your NAB Term Deposit is easy. Whether you’re reinvesting your term deposit online, amending your maturity instructions or looking to withdraw your funds early, we’re here to help.

Find out more about managing your term deposit.

Important information

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 14 June 2019 unless the Interest Rate Quotation above contains a different date, in which case this document was prepared on that date. All rates are effective, 17 June 2019, and are subject to change at any time. 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.

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