The Finance Algorithm
NAB logoNAB

NAB Retirement Account

Get more from your money in retirement and enjoy easy access to your money while earning a competitive interest rate.

Savings & transaction accountsBank updated 10 Oct 2026
Apply at National Australia Bank ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate
0.15%
Monthly fee
$0
NAB Retirement Account card

Rates

Every rate NAB publishes for this account, 5 in all.

TypeApplies toTermBandRateComparisonConditions
Penalty---20.00%-Not applicable; Penalty interest rate
Variable$1 - $9,999--$1–$9,9990.15%-paid every 3 mo; Not applicable
Variable$10,000 - $49,999--$10,000–$49,9991.75%-paid every 3 mo; Not applicable
Variable$250,000 plus--$250,000+2.40%-paid every 3 mo; Not applicable
Variable$50,000 - $249,999--$50,000–$249,9992.25%-paid every 3 mo; Not applicable

Rate changes

3 changes logged, newest first.

DateRateWasNowChange
10 Oct 2026Variable, $10,000–$49,9991.55%1.75%up 0.20
10 Oct 2026Variable, $250,000+2.20%2.40%up 0.20
10 Oct 2026Variable, $50,000–$249,9992.05%2.25%up 0.20

Each change is logged the night it appears in the rates National Australia Bank publishes. See how every lender answered the RBA on the rate tracker.

Fees

7 fees published, grouped by when they're charged.

While you hold it2

  • Monthly Account Fees
    No fee
  • Monthly Card Fee

    if platinum debit card is linked

    $10 a month

When you make a transaction4

  • ATM cash withdrawal fee (Overseas)
    $5
  • Balance enquiry (Overseas ATM)

    Section 2 - Service Fees Account Related Services Overseas access

    $1
  • International transaction multi currency

    Yes, if a standard visa debit card is linked If a platinum visa debit card is linked - fee is charged for ATM cash withdrawals only

    3.50% of transaction
  • International transaction single currency

    Yes, if a standard visa debit card is linked If a platinum visa debit card is linked - fee is charged for ATM cash withdrawals only

    3.50% of transaction

When particular things happen1

  • Overdrawn Fee
    No fee

Features

Instant paymentsPayIDDigital bankingFraud protectionUnlimited transactionsApple PayGoogle PaySamsung PayGarmin PayIf a NAB Visa Debit card is linked, purchase protection insurance is available. If a NAB Platinum Visa Debit card is linked, complimentary insurance is available.

Eligibility and limits

  • Minimum age 55
  • Available to individuals
  • To be over 55 and retired, or receiving a Government pension or allowance

Published by National Australia Bank under the Consumer Data Right, last changed by them on 10 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.