NAB NAB Reward Saver — Interest Rate & Review
The NAB Reward Saver pays a bonus rate in any month you make a deposit and no withdrawals. NAB also offers the iSaver, an intro-rate alternative.
⚠ You only earn 4.99% in months you meet the conditions. Miss them and you drop to 0.01%. Use the calculator to model your real return.
NAB NAB Reward Saver at a glance
The conditions, in plain English
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
National Australia Bank, est. 1858. Data source: NAB Consumer Data Right product feed.
How it compares
| # | Bank & product | Max rate p.a. | Base rate | Conditions | Bonus cap | Fee |
|---|---|---|---|---|---|---|
| 1 |  RabobankRabobank High Interest Savings Account |
5.90%Introductory | 4.00% | Intro rate | $250,000 | No fee |
| 2 |  ubankubank Save |
5.85%Introductory | — | Intro rate | $100,000 | No fee |
| 3 |  INGSavings Maximiser |
5.49%Bonus (conditional) | 0.01% | Monthly conditions | — | No fee |
| 4 |  MacquarieMacquarie Savings Account |
5.35%Introductory | 5.00% | Intro rate | $250,000 | No fee |
| 5 |  UpUp Saver |
5.35%Ongoing (unconditional) | 5.35% | No monthly conditions | $5,000 | No fee |
Sorted by maximum advertised rate (an objective sort, not a recommendation). “Max rate” is the highest rate the product can pay; most require monthly conditions or are introductory. Base rate is what you earn if conditions aren’t met / after the intro period. Figures from Open Banking feeds, 24 August 2026 — verify with the bank.
See the full savings account comparison →
NAB savings — FAQ
What is the NAB NAB Reward Saver interest rate?
As of 24 August 2026, the NAB NAB Reward Saver pays a maximum of 4.99% p.a. (bonus (conditional)), with a base rate of 0.01%. Rates change with the RBA cash rate and out of cycle — confirm the current rate with the bank.
How do I earn the maximum NAB rate?
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
Is there a balance cap on the NAB bonus rate?
No specific bonus balance cap was published in the bank’s Open Banking feed — check the terms.