NAB Savings Accounts
Compare NAB savings accounts
Considering a savings account from NAB? The table below displays a snapshot of NAB savings accounts on Canstar’s database, sorted by Star Rating. These results are based on a regular saver profile in NSW with $10,000 in current savings.
To see the definition of a regular saver and other profiles used in Canstar’s Star Ratings, view Canstar’s savings account methodology here. Or you can search our database for a savings account to suit your needs.
What savings accounts does NAB offer?
NAB offers the following savings accounts at the time of writing:
A flexible savings account that comes with a base interest rate and a four-month bonus interest rate.
NAB Reward Saver
NAB’s main savings account that comes with no montly account keeping fees or minimum deposit rquirements.
You can view the current interest rates on NAB savings accounts in our comparison tables.
Do NAB savings accounts require a linked transaction account?
NAB does not require linked transaction accounts to its Reward Saver accounts. However, you will require one for the iSaver account.
You can compare transaction accounts with Canstar here to potentially find one that suits your requirements.
Does NAB charge fees on its savings accounts?
Savings accounts can come with several fees, such as monthly account-keeping fees, transaction fees, withdrawal fees and more. According to their website NAB charges no monthly or transaction fees on its Reward Saver account at the time of writing (9/8/18).
For current information on fees and how they apply, please check the Product Disclosure Statement.
What does NAB offer in terms of mobile banking for savings accounts?
NAB offers both online and mobile banking for its savings products, with its app available in both the Apple and Google store. Notable features of NAB’s mobile banking include:
- Make fast payments with eligible accounts
- Create, cancel or modify scheduled and recurring payments
- Share your reciepts by SMS, email or even save them to your phone
How to apply for a NAB savings account
Before applying for a NAB savings account, onsider comparing it against other savings accounts on the market to ensure it is the right one for you. You can then apply for a NAB savings account online, provided you have the correct documentation:
- At least one form of ID, such as your driver’s license or passport
- Accurate personal information, such as your name, date of birth, address and phone number
NAB states that it does not require a minimum deposit to be made before activation and claims that applying online can be done in as little as seven minutes.
Related article: How to change bank accounts
When applying for a NAB savings account, you will also have to meet the following eligibility requirements:
- You’ll need to be at least 18 years old, and
- A permanent Australian resident
What other banking products does NAB provide?
NAB provides a variety of different products to consumers, including:
NAB was founded in 1981 and is one of the big four banks in Australia. According to NAB, it serves over 12.7 million customers worldwide and employs over 42,000 people.
NAB offers mobile apps for internet banking on your Apple, Android, and Windows smart devices.