Monday, 18 November 2024
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.
Compare our term deposit rates
Terms up to 12 months
Balances $5,000 to $1,999,999
| Interest paid at maturity | |
|---|---|
| 30 days | Interest paid at maturity 1.25% p.a. |
| 60 days | Interest paid at maturity 1.45% p.a. |
| 90 days | Interest paid at maturity 3.15% p.a. |
| 4 months | Interest paid at maturity 3.25% p.a. |
| 5 months | Interest paid at maturity 3.35% p.a. |
| 6 months | Interest paid at maturity 3.50% p.a. |
| 7 months | Interest paid at maturity 3.50% p.a. |
| 8 months | Interest paid at maturity 4.75% p.a. |
| 9 months | Interest paid at maturity 3.80% p.a. |
| 10 months | Interest paid at maturity 3.80% p.a. |
| 11 months | Interest paid at maturity 3.80% p.a. |
| 12 months | Interest paid at maturity 4.40% p.a. |
Terms 12 months and greater
Balances $5,000 to $1,999,999
| Annual interest | Half-yearly interest | Quarterly interest | Monthly interest | |
|---|---|---|---|---|
| 12 months | Annual interest 4.40% p.a. |
Half-yearly interest 4.35% p.a. |
Quarterly interest 4.35% p.a. |
Monthly interest 4.30% p.a. |
| 13-23 months | Annual interest 4.00% p.a. |
Half-yearly interest 3.95% p.a. |
Quarterly interest 3.95% p.a. |
Monthly interest 3.95% p.a. |
| 24 months | Annual interest 3.80% p.a. |
Half-yearly interest 3.75% p.a. |
Quarterly interest 3.75% p.a. |
Monthly interest 3.75% p.a. |
| 36 months | Annual interest 3.10% p.a. |
Half-yearly interest 3.10% p.a. |
Quarterly interest 3.05% p.a. |
Monthly interest 3.05% p.a. |
| 48 months | Annual interest 3.10% p.a. |
Half-yearly interest 3.10% p.a. |
Quarterly interest 3.05% p.a. |
Monthly interest 3.05% p.a. |
| 60 months | Annual interest 3.10% p.a. |
Half-yearly interest 3.10% p.a. |
Quarterly interest 3.05% p.a. |
Monthly interest 3.05% p.a. |
Please note that terms greater than 2 years, for new NAB Term Deposits, are only available through our online application form for individual customers. You may only rollover an existing term deposit, for a term greater than 2 years, using the self-serve channel on Internet Banking or the NAB App, subject to eligibility. Opening or rolling over a term deposit, for a term greater than 2 years, is not available in branch or via phone.
Ready to apply?
For term deposits equal to or greater than $2 Million please contact your NAB banker, NAB branch or call 13 22 65.
Farm Management Deposits
Balances $10,000 to $800,000
| Interest paid annually or at maturity | |
|---|---|
| 6 months | Interest paid annually or at maturity 3.80% p.a. |
| 12 months | Interest paid annually or at maturity 4.50% p.a. |
| 13 to 23 months | Interest paid annually or at maturity 4.50% p.a. |
| 24 months | Interest paid annually or at maturity 4.25% p.a. |
Speak to a NAB Regional Agribusiness banker
To apply for your Farm Management Deposit, speak to your Agribusiness banker by requesting a call back.
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 rollover.
See where your savings can take you
5 ways to boost your super
Learn strategies that could help boost your super.
Budgeting for your retirement
Early planning can help ensure you get the retirement you want.
Seven tips to help pay your home loan faster
Changing how you make your home loan repayments could have a big impact.
Terms and Conditions
Apologies but the Important Information section you are trying to view is not displaying properly at the moment. Please refresh the page or try again later.
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 15 November 2024.
All rates are effective, 18 November 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.