Savings Account Comparison Australia

NAB iSaver High Interest Savings Account

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Posted November 13th, 2009 and last modified January 13th, 2010

Everyone loves a bonus and there is nothing like a bonus interest rate boost to really make your savings come alive. By signing up for the NAB iSaver online high interest savings account before 12 January 2010, you will receive a bonus 1.65% interest calculated on your savings for the first 4 months your account is open.

5.15% with a promo rate of 1.65% on top of the NAB standard interest rate of 3.50%, it also follows the movements of the official cash rate. With the Reserve Bank raising interest rates for both October and November in 2009, and with more rises forecast for the New Year, if you open a NAB iSaver account now, by the time your promotional interest rate ends in four months, you may be looking at a much higher standard rate anyway.

Savings Account Account Details Intro Rate p.a. Variable Rate p.a. Intro Period p.a. Fees Min Balance and Min Deposit
NAB iSaver Details & Application


NAB iSaver

5.15% p.a. until the 13th April 2010 5.15% 3.50% 1.65% FREE $1

MoreApply now for a NAB iSaver

Click to Open an account online now and start earning interest with the NAB iSaver Savings Account

Bonuses and Benefits of a NAB iSaver Account

A great interest rate and a super sized boost to your savings from the moment you open your high interest savings account are just some of the features you’ll enjoy with a NAB iSaver account. When choosing an online savings account it is important to look for additional features for ease of use, not to mention find any hidden fees which could steadily erode your savings; so here is everything you need to know about a NAB iSaver account:

  • A 5.15% interest rate for the first four months of your online savings account, if you open a NAB iSaver account before 12 January 2010.
  • A 3.50% interest rate based on NAB’s standard variable rate.
  • Interest calculated daily and paid monthly.
  • Unlimited withdrawals and deposits without attracting transaction fees or being penalised with a lower interest rate.
  • No monthly fee on your iSaver account and no minimum balance required to open the account.
  • Instant access to your savings and instant deposits from your linked everyday NAB account.

Also, once your new NAB accounts have been activated, you can choose additional security features, for example, you can choose to have an SMS authentication sent to you when you use internet banking.

NAB iSaver Account Requirements

To open a NAB iSaver account today and start earning bonus interest on your savings there are just a few requirements:

  • Account holders must be over 18 years old.
  • You must be an Australian resident.
  • You don’t have to be an existing NAB customer.
  • If you are a new customer you may be required to provide 100 points of ID.
  • You can choose to open a single or joint account.
  • Your iSaver account must be linked to an eligible NAB everyday account.

To Apply for a NAB iSaver Account

Applications for a new iSaver online savings account can in most cases be completed entirely online. If you like, you can also apply over the phone, or go into your nearest NAB branch. The online application will take you less than ten minutes to complete, and even less if you are already a NAB customer because you can simply enter your customer account number and have all your details displayed instantly.

Even if you are not a NAB customer, the application process is still quick and painless. You’ll simply need to enter your personal details and provide a valid email address for confirmation of your application. In the same application you can open your linked NAB everyday account and from within the application form you can view details of the eligible accounts, their fees, features and benefits.

Once your account is approved, you will be posted a welcome pack with all of your account details and tips and advice for getting the most from your high interest savings account. NAB also has the option to open a high interest savings account for you under trust, or specifically as a self managed super fund if you are interested in taking charge of your long term financial goals at the same time.

Linked NAB Everyday Accounts

Your choice of linked NAB everyday accounts includes the eBanking account which has a $4 monthly fee, or the Classic Banking account which charges a monthly fee of $5. If you are a student you can link your NAB iSaver to a Classic Banking account and be charged no monthly account fee. For higher transaction volumes and more options you can also link your iSaver to a Gold Banking account, for a monthly fee of $10.

It is not often you can get something for nothing and when you find a bank which is just giving away a high interest rate, while promising to take no account or transaction fees, you should be taking advantage of this opportunity. For your chance to boost your savings for four months and feel secure in their continued growth, apply online now for a NAB iSaver at,

MoreApply now for a NAB iSaver

Click to Open an account online now and start earning interest with the NAB iSaver Savings Account



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