0.35 % p.a.
Features of NAB Reward Saver
Bonus interest to help boost your savings
An account to help motivate you with your saving goals. Receive the variable bonus rate when you make at least one deposit on or before the second last banking day of the month and do not make any withdrawals during the month.
No monthly account and transaction fees
With $0 monthly account service fee and no minimum balance, all your savings get put to good use.
A base interest rate with the flexibility to withdraw
Make withdrawals and still receive the base interest rate.
Interest rates
Variable base rate
At a minimum, you'll get this rate (subject to change).
Variable bonus rate
4.65 % p.a.
We’ll add this bonus rate if you make at least one deposit on or before the second last banking day of the month and no withdrawals during the month.
Total interest rate
5.00 % p.a.
This is the total rate (variable base rate + variable bonus rate) you could earn on your NAB Reward Saver account if you meet the variable bonus rate conditions.
View our indicator rates for deposit products for full details.
Open an online savings account in the NAB app
If you’re an existing customer, applying in the NAB app is easy.
- Log into the NAB app.
- Tap More.
- Select 'Product'.
- Select 'Savings accounts'.
What you’ll need to apply
Here's what you need to know about applying and eligibility. If you’re a NAB customer, have your NAB IDYour NAB ID is an 8 to 10 digit number given to you when you first become a NAB customer. There are three ways to find your NAB ID: 1. We send it to you via email and SMS when you first become a customer. 2. On the back of your credit card or debit card, above the magnetic strip. Not all cards have this. 3. In the NAB app once you've registered for internet banking. Your NAB ID can be found under More and then My Details. This option is only available for personal profiles (not business ones). and password ready.
Identify yourself
If you’re a new customer, we’ll need either:
Check your eligibility
You must be both:
Ready to apply?
If you've checked you're eligible to apply and have all your documents ready, let's get started.
Help and support
Guides and support services to help you manage your banking.
Set and track your savings goals
Create multiple savings goals with My Goals in the NAB app so you can save for anything from a new home to a weekend away. Just set a target, name your goal and pick a date. My Goals will work out the rest.
Other account options to consider
If you would also like to open a transaction account, you can apply for one within your NAB Reward Saver application.
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
With a competitive interest rate for a term that suits you, our term deposits can help you reach your savings goals.
NAB Cash Manager Account
The NAB Cash Manager can help you manage your cash flow with no account or transaction fees. Access your money whenever you need it.
Get in touch
Visit a NAB branch
Visit your nearest NAB branch to speak to us in person.
Important Information
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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 Products 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.