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

0.10 % p.a.

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

Variable bonus rate

4.55 % 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

4.65 % 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.
 

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

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 and password ready.

Identify yourself

If you’re a new customer, we’ll need either:

  • your passport

  • your driver's licence

  • your Medicare card (can only be used in conjunction with another form of ID if you’re 18 years or older)

Check your eligibility

You must be both:

  • 14 years of age or older

  • an Australian resident for tax purposes

Not eligible to apply online?

If you’re unable to apply for this product online, visit a branch and a banker will help you.

Find a branch

Ready to apply?

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

Apply now

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.

Learn more about My Goals

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.

Find a NAB branch