5.00 % p.a.
NAB Reward Saver | Bonus interest rate savings account - NAB
Save for your goals and earn bonus interest
Deposit every month
Deposit any amount (even as little as $1) into your NAB Reward Saver account on or before the second last banking day of each month.
Don’t make any withdrawals
Making withdrawals means you won’t be eligible for the bonus interest rate for that month. Keep your balance untouched to help your savings grow.
Reach your savings goal
Earn bonus interest each month to grow your balance faster and reach your goals sooner. You can also set up Saving Spaces to stay on track with multiple goals.
Earn a bonus interest rate with no monthly account fee
Total interest rate
The total rate (variable base rate + variable bonus rate) you could earn if you meet the variable bonus rate conditions.
Variable base rate | 0.01% p.a |
|---|---|
Variable bonus rate | 4.99% p.a |
View our indicator rates for deposit products for full details.
Things you should know
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To receive the variable bonus interest rate, you need to make at least one deposit on or before the second last banking day of the month and no withdrawals. If you don’t meet the monthly requirements, you’ll only receive the variable base rate for that month.
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You can deposit as little as $1 each month into your account, but you also need to make sure you don’t make any withdrawals to be eligible for the bonus interest.
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Yes, you can have multiple NAB Reward Saver accounts, and each one can earn the total interest rate (being the variable base rate plus the variable bonus rate) as long as the bonus conditions are met for that account.
For example, if you have two NAB Reward Saver accounts, you’ll need to make at least one deposit into each account and make no withdrawals from either account during the month for both to receive the bonus rate.
If you only meet the conditions on one account, only that account will earn the bonus interest rate. The other account will earn the variable base rate only.
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You can withdraw money from your account at any time. However, you’ll only receive the variable base rate for that month and not the variable bonus rate.
Access to free online saving tools
Other account options to consider
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 Classic Banking account
However you bank, you’ll pay no monthly account fee. Spend more on what’s important to you.
Useful information
11 money saving tips to help you reach your goals
Read our simple tips you help you control your spending and save more money.
Budgeting tips | Create a savings plan
Create a budget to help you meet your money goals.
How to bucket your money and meet your savings goals
We give you some simple tips to help you budget better, control your spending and save more easily.
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 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.