NAB iSaver Online Savings Account

This is a super-cheap online savings account with great access. The lack of fees will attract any saver – we all enjoy getting things for free – whilst the way in which interest is calculated, accrued and paid is an added bonus. Also this account comes with a fantastic offer for new customers, so there has never been a better time to open one.

What is the NAB iSaver?

The NAB iSaver is an online savings account offered through one of Australia’s major banks. The account is accessible through an NAB current account, which makes your money easier to get to when you need it, and the interest rate is great, particularly for customers opening an account now.

Is This the Account For Me?

This saving account is perfect for people who are conscious that they need to save, but because of financial reasons, are unable at the moment to commit to an account that will only benefit them if they pay their money in and leave it to sit for months or years on end. The iSaver is linked to a current account, meaning that when little emergencies come up, the cash will be easy to get to. The lack of fees and great interest rates will make this account a good product for savers on a low or medium income, looking for their money to work hard for them without having to make huge deposits all the time.

The Advantages of the NAB iSaver?

Naturally, the advantage of an account like this is the interest. The interest rate on the account is normally quite high considering some of the savings accounts on the market, but for new customers, there is an additional bonus interest rate added to that standard variable rate for the first few months. So, new customers can deposit their money, allow that to build up interest in the first few months, and then accrue interest on that sum in the future, meaning that customers have more money to make interest on when the interest reverts to its standard rate.

Additionally, the account can be opened with a mere $1, meaning no matter how small you start, this account is accessible, and free to use. It is a smart way to start saving.

Am I Eligible For This Account

To be eligible for the NAB iSaver, customers need to be aged over 18 years, and have an NAB everyday current account to link to the savings account. These can be opened with relative ease too.

How Do I Open an NAB iSaver?

To open an NAB iSaver, the quickest and easiest way is to use the bank’s slick and efficient online savings application tool. It only requires a few essential details and can be completed within minutes in the comfort of your own home.