NAB iSaver High Interest Savings Account
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, you will receive a bonus interest calculated on your savings for the first 4 months your account is open.
Read the official terms and conditions
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 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.
The NAB iSaver is a great way to earn money on your money, even if you hardly have any of it. While other big return accounts expect their clients to deposit thousands of dollars in order to get any benefit this one lacks that restriction. If you want to start with one dollar, one hundred dollars, or one thousand dollars the choice is completely yours. No matter how much or how little you deposit you are still eligible for an incredible introductory rate. That means that everyone can start earning money on their money not just those affluent few who have buckets of cash that they can leave in a fund for months or years on end.
The current high rate of interest is an amazing 5.65% per annum. This is actually their standard 4.65% per annum variable rate plus a 1.00% per annum fixed rate. That amount makes for a nice return on even the smallest deposits. Of course, the more you put in the more you are able to earn so you might want to consider making the most of this money. Interest will be calculated daily and added to your account monthly. That means that just by adding a few extra dollars each week you can increase your rate of return. The best part is that you can make as many deposits as you like with no change in your interest rates. You can also make as many withdrawals as you need without impacting your rates. This kind of access to your money makes it more secure for you to deposit all you have because you can get it back if you need it.
You might think that with that kind of return rate the bank is making big profits by charging you high fees. Not the case. There are absolutely no bank fees and none of those limited time only conditions that other banks lock customers into. At NAB they are not trying to trick you into using their products, only trying to offer the very best rates and returns for their customers. To sweeten the deal this great offer is not just for new customers. If you are already doing your banking there you can switch to this Internet account and take advantage of that fabulous rate too. The door to this account is open to everyone not just new customers and not just people who already have plenty of cash in the bank.
Getting More With NAB iSaver
As banking customers we all want to get the most out of our money. That can be difficult when financial institutions use tricky tactics and complicated rate structures to get us involved in their products. What we need is what this Internet account offers, no strings just straightforward rates that offer big returns. By removing all the added cost of a traditional bank and harnessing the power of the Internet banking clients benefit. They also get anytime access to their accounts from anywhere that has an Internet connection.
Your savings account does not have to be a place where you just hold your money. Instead, it can be a true investment that offers you returns that you can count on and build even use to build wealth. By offering you the flexibility to access those funds whenever you need to along with the rates that are usually only associated with big money investment products you get the best of both worlds. It is your money, so make the most of it with an account that pays you back.
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.
Read the official terms and conditions
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Top High Interest Savings Accounts
All of these accounts are FREE to open and require no minimum deposit. They all have easy internet banking access with no transaction fees.
UBank USaver
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