NAB iSaver

Moneybuddy says

NAB iSaver is a high interest online savings account. Saving is made easy with no transaction and no account keeping fees. High interest rate of 5.40%

The Basics

Interest paid Monthly

Interest calculated Daily

Headline interest rate 5.40%

Monthly fee -

Account type Savings

The cool stuff: features

ATM access -

EFTPOS access -

Branch access -

Online access Yes

Age restrictions -

Cheque book facility -

Debit card -

BPAY -

GiroPost -

Phone access -

The Facts & Figures

Balance less than $1k -

Balance less than $5k -

Balance less than $25k -

Balance greater than $100k -

Min. balance -

Min. opening deposit -

Number of free elect transactions per month -

The ugly stuff: fees

Other bank ATM fee -

EFTPOS transaction fee -

Branch assistance fee -

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.

NAB says

Open a NAB iSaver on or before 13 April 2010 and you'll receive a fixed bonus interest rate of 1.65% p.a. for 4 months, on top of the standard variable interest rate, currently 3.75% p.a. No bank fees & no min opening balance requirements - you can open accounts with just $1. Interest calculated daily and paid monthly, unlimited deposits and withdrawals with no impact on interest rates. Once your savings are in your linked everyday account, you can transact in all the usual ways.Fees may apply to this linked account. Additional benefits include regular statements and optional online security with NAB Internet Banking SMS Authentication. Terms and conditions apply.

Key features

  • 3.75% pa standard variable rate + bonus 1.65% pa fixed interest rate on new accounts opened on or before 13 April 2010 = 5.40%pa
  • No bank fees
  • No min opening balance requirements - you can open accounts with just $1
  • Interest calculated daily and paid monthly
  • Unlimited deposits and withdrawals with no impact on interest rates

Pros

  • No bank fees
  • 5.40% special variable introductory rate

Cons

  • Quite low standard rate

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