The Finance Algorithm
NAB

NAB Reward Saver

Grow your savings faster with bonus interest for regular deposits and no withdrawals.

Savings & transaction accountsBank updated 15 May 2026
At a glance
Base rate
0.01%
Bonus rate
4.99%
Up to
5.00%
§ 01 — Rates · 3
TypeApplies toTermBandRateComparisonConditions
Bonus4.99%paid every 1 mo; To receive bonus interest for the month, customer must make at least one deposit on or before the second last banking day and no withdrawals.; Earn bonus interest for each month that you make at least one deposit before the second last banking day of that month and no withdrawals during that month
PenaltyNot applicable for Repayment Type and Loan Purpose15.41%Not applicable; Penalty interest rates apply if the account is overdrawn beyond the approved limit
Variable0.01%paid every 1 mo; Not applicable; Earn the base interest rate even if you withdraw your savings
§ 03 — Features
Instant paymentsPayIDDigital bankingUnlimited transactions
§ 04 — Eligibility & limits
  • · Residency: A copy of your Visa or VEVO printout evidencing Visa entitlement and status required for all non-resident customers
  • · Available to individuals

Published by NATIONAL AUSTRALIA BANK under the Consumer Data Right, last changed by them on 15 May 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.