Rates explained

Standard variable rate

2.00 % p.a.

At a minimum, you'll get this rate (subject to change).

Fixed bonus margin

3.00 % p.a.

We’ll add this bonus rate for the first four months if you have not held a NAB iSaver in the last 12 months (on balances up to $20 million).

Total introductory interest rate

5.00 % p.a.

This is the total rate (standard variable rate plus fixed bonus margin rate) you could earn for the first four months, if you have not held a NAB iSaver in the last 12 months (on balances up to $20 million).

Why this account could work for you

Learn about the benefits of our online savings account and how it could help you reach your savings goals.

Introductory rate for the first four months

Kickstart your savings plan with our competitive introductory interest rate.

Pay no monthly account or transaction fees

Your chance to save more for the things that matter to you.

No minimum deposit required

Open an account, whatever your starting balance.

Make withdrawals and still earn interest

Your interest rate won’t change when you make withdrawals from a linked NAB transaction account.

Ready to apply for a NAB iSaver?

If you've checked you're eligible to apply and have all your documents ready, let's get started.

Apply now

Saving made easy with NAB

Stay on track of your saving goals with our handy online resources.

Open a savings account in the NAB app

If you’re an existing customer, applying in the NAB app is easy.

  1. Log into the NAB app.
  2. Tap More.
  3. Select 'Product'.
  4. Select 'Savings accounts'.
Open in the NAB app

Help to reach your savings goals

Easily set, track and reach your savings goals with the NAB app. Simply enter the date you want to reach your goal by and we’ll let you know how much to set aside and how often.

How to set and track savings goals

Keep track of your expenses

Our Spending tool categorises the money going in and out of your accounts so you can easily see where you spend the most – and where you could be smarter with your money.

Learn more about the Spending tool

Other account options to consider

Haven't found what you're looking for? Here are some other accounts to explore.

NAB Reward Saver

Grow your savings faster with a higher interest rate, if you're a motivated saver.

NAB Term Deposit

With a competitive interest rate for a term that suits you, our term deposits can help you reach your savings goals.

NAB Classic Banking account

However you bank, you’ll pay no monthly account fee, ever. Spend more on what’s important to you.

Help and support

Guides and support services to help you manage your banking.

Important Information

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 Accounts Terms and Conditions. Target Market Determinations for these products are available at nab.com.au/TMD. NAB products issued by NAB.

See our personal banking fees and charges and indicator rates for deposit products.

Closing your account

The quickest and easiest way to close your account is through NAB Messaging in Internet Banking or the NAB app.

If you need further support, please find your closest branch or give us a call on 13 22 65 or +61 3 8641 9083 if you’re overseas.