National Term Deposit Rates Comparison

The National Australia Bank offers a range of term deposit account options, and even has an account with a Trade Up feature which allows you to take advantage of a rate rise which happens during your term, however the rates offered on a Trade Up term deposit are not as high as those you can secure with a traditional National term deposit account. To choose the National term deposit rates which best suit you, consider the features of the NAB term deposit account, and National’s current interest rates.

Features of National Term Deposit Account

The National is one of Australia’s Big Four Banks and this makes it a secure option for your long term investments. Not only is a NAB term deposit a safe investment, but it is also easy to use because NAB has world-class internet banking and customer service systems in place. Other features of a National term deposit include:

• Your choice of short, medium or long term investments. With a NAB term deposit account you can choose a term between one month and five years so you can find an investment option which perfectly suits your budget and your financial plans for the future.
• Receive an income from your investment, or a higher interest return. The National term deposit rates are calculated to pay the highest interest on terms with interest paid at maturity. However, for investment of more than $5,000 on terms of longer than 12 months you can choose to earn a slightly lower rate to receive interest returns monthly, quarterly. six monthly or yearly.
• A minimum of $1,000 deposit. While you can enjoy additional interest payment features for larger deposits, to open a NAB term deposit account you only need a minimum of $1,000. This makes a term deposit an easy investment to make if you are just getting into the investment market because managed funds, shares and property investments will all require a much larger initial deposit. Instead, you can use a National term deposit to grow your investment, until you do have enough to make a more substantial investment choice.
• Apply over the phone in minutes. You can also visit a NAB branch if you want to, but there is no need because you can complete a term deposit application over the phone in just minutes and this allows you to speak with a NAB staff member about your options and still save time on your application because you can do it all from your desk, your car or the bus. The application for a NAB term deposit account is also free, and your term deposit account will continue to operate fee free.

Current National Term Deposit Rates

The National term deposit rates are very inclusive, and there is little difference between the rates for investments of hundreds of thousands of dollars, compared to a smaller $5,000 investment.

A National term deposit rate for a $5,000 – $19,999 investment with interest paid at maturity:

• A three month term can earn 4.00% interest.
• A 12 month term can earn 6.00% interest.
• A five year term can earn 6.00% interest.

To find out how other Australian providers compare on interest rate options and inclusions, view our comparison tables here. You can then follow our secure links to find out more, or start an application today, to secure the National term deposit rates which best suit you.