??!
1 photo
NAB iSaver

NAB iSaver

2.8 from 9 reviews

Reviews

(1)
(1)
(3)
(3)
(1)
    JohnAdams

    JohnAdamsSydney, NSW

    • 2 reviews
    • 2 likes

    False advertising

    published

    Describing a bank account that starts at 2.11 per cent and "smoothly transitions" to 0.11 per cent a few months later as "high interest" is deceptive and disappointing. I'd like to save with NAB but they don't want to save with me.

    Chris K

    Chris KParth WA

    • 3 reviews
    • 6 likes

    Beware of NAB's dishonest tactics

    published

    A few months ago while at the branch was advised to place a sizable amount in a isaver account as it paid a better interest rate. ie 1.9%. This rate is still advertised by NAB. However last week while I was at the branch I was advised that the rate paid on the amount was only 1.2%. Apparently the NAB's deal is; the longer you keep the money (irrespective of the advertised rate) the lower the rate paid. If this is not stealing, I don't know what is.

    David

    DavidAdelaide

    • 26 reviews

    Easy to setup and manage but low interest after 3 months.

    published

    My iSaver account is good to store money that I'm not using or investing. Whilst the interest earned is low the ease of access means it's a great addition that is better to have than to not have. It's easy to do an online transfer between accounts and works well to partition my account. If you have a NAB account already it makes sense to get one basically.

    1 comment
    NAB
    Joshua M.NAB

    Thanks for the kind words David, we appreciate it! :) ^JM

    Savings Accounts

    Find out how NAB iSaver compares to other Savings Accounts

    Know better, choose better.

    Compare all
    griffo

    griffogold coast

    isaver is so usefull

    published

    a good holding ac for funeral expences and being able to transfer from to other acs title rating isaver convienent
    also collecting a small interest amount while holding griffo

    1 comment
    NAB
    Joshua M.NAB

    Thanks for the great feedback griffo :) ^JM

    cityofbluemtns

    cityofbluemtnsNSW, 2786

    • 47 reviews
    • 20 likes

    iSaver Review

    published

    I like that i can have a savings account with NAB that is easy to operate. As I have a credit card and transaction account with NAB its easy for me to transfer money from one account to another. The interest rate could be a little higher to make the account more competitive though.
    Easy to have accounts linked on my internet banking.
    The interest rate could be a little higher.

    1 comment
    shirl08
    shirl08

    I Agree the interest rate could be higher

    katpaul

    katpaul

    • 251 reviews

    OK

    published

    This is a fast easy account to set up. For exisiting NAB customers it is a good, free savings account. However, for non nab customers the fee involved in the linked transaction account may mean it is not cost effective
    The NAB isaver is a fee free account. It pays a reasonable amount of interest, with a bonus rate for the first four months (check current rates though of course). Online access is easy to use. Can be used by phone or internet banking.
    This account must be linked to a NAB transaction account which may be charged a fee. Direct debits are not able to be debited from this account.

    pegslee

    pegslee

    • 26 reviews

    Bad

    published

    Doesn't disappoint but nothing really special. A little more research will reveal better products with higher interest returns but for existing NAB account holders probably not a bad idea.
    As far as a online saving accounts get, pretty much average. Nothing special. Easy to use, reasonably good interest rate and the security of NAB... But nothing special...
    Those who have really done some research will know that NAB also runs ubank savings, an online account with much higher interest rate. If you are very competent with online banking activities, I would say there are better products out there.

    Cashedup

    CashedupSA

    • 18 reviews
    • 3 likes

    Bad

    published
    pseudonym2

    pseudonym2

    • 6 reviews
    • 2 likes

    Good

    published

    The NAB iSaver savings account offers a competitive variable interest rate and an attractive account package. The iSaver is linked to a NAB transaction account and then funds can be transferred between your NAB accounts or transferred directly by third party payers. Unfortunately customers are not able to access their iSaver funds using EFTPOS, but the ability to make unlimited deposits and withdrawals without affecting your interest payments is appealing. Overall, this is a competitive and attractive offering by NAB.
    No transaction or account keeping fees, no minimum balance requirements, unlimited deposits and withdrawals, compound interest calculated daily
    Electronic access only

    Savings Accounts

    Find out how NAB iSaver compares to other Savings Accounts

    Know better, choose better.

    Compare all

    Questions & Answers

    James T.

    James T.asked

    Is nab I saver open to existing NAB customers

    No answers
    bbm

    bbmasked

    can I withdraw cash out of isaver account if I go into a branch

    No answers
    Jassoo

    Jassooasked

    Can my pay be deposited into my Isaver account by my employer?

    1 answer
    Yepyep
    Yepyep

    Not sure have you found out

    Get an answer from our members and NAB representatives

    ProductReview.com.au has affiliate partnerships. These do not influence our content moderation policies in any way, though ProductReview.com.au may earn commissions for products/services purchased via affiliate links.