Savings · vs term deposit
NAB iSaver vs NAB's term deposit
Another NAB account:NAB Reward Saver
NABNAB iSaverSavings account · nothing to do each month
vs
NABNAB Term DepositTerm deposit · 1 month to 5 years
Compare on
Interest over 1 year on $50,000
$1,533
3.07% a year
$2,650
5.30% a year · paid at maturity
Over 1 year on $50,000, NAB iSaver pays $1,533; NAB's 12-month term deposit pays $2,650.
Worked out on $50,000 until you pick a balance
NABNAB iSaver
NABTerm deposit
Figure by figure
Interest over 1 year
on $50,000
$1,533
nothing to do each month
$2,650
paid at maturity
+$1,117 · More interest over the term
Rate over the term
a year, on $50,000
3.07%
with its intro rate of 5.50% for the first 4 months
5.30%
fixed for the term
+2.23 · Higher rate over the term
Asked of you each month
Nothing
Nothing
the money stays put
Getting the money out
Any time
no notice needed
Locked for 1 year
31 days’ notice to break it early, usually at a lower rate
Can the rate change?
Yes, at any time
the bank sets it
No
fixed for 1 year
Minimum to open
None
$5,000
up to $1,999,999
Who can open it
Anyone
Anyone
How they differ
- A savings rate can change at any time. NAB iSaver's figure holds today's rate for 1 year, with its intro rate of 5.50% for the first 4 months.
- A term deposit's rate is fixed for the term, but the money is locked in: breaking it early needs 31 days' notice and usually costs some of the interest.
- Both are covered by the Financial Claims Scheme, up to $250,000 per person at each bank. Money in both at NAB shares that one $250,000.
NAB Term Deposit at every term
The rate the balance above gets at each term, and the interest it pays over that term.
1 monthPaid at maturity1.40%$58
2 monthsPaid at maturity1.65%$138
4 monthsPaid at maturity3.35%$558
5 monthsPaid at maturity3.40%$708
7 monthsPaid at maturity3.60%$1,050
8 monthsPaid at maturity3.70%$1,233
9 monthsPaid at maturity3.80%$1,425
10 monthsPaid at maturity3.85%$1,604
11 monthsPaid at maturity3.85%$1,765
1 yearPaid at maturity5.30%$2,650
13 monthsPaid annually5.00%$2,708
14 monthsPaid annually5.00%$2,917
15 monthsPaid annually5.00%$3,125
16 monthsPaid annually5.00%$3,333
17 monthsPaid annually5.00%$3,542
18 monthsPaid annually5.00%$3,750
19 monthsPaid annually5.00%$3,958
20 monthsPaid annually5.00%$4,167
21 monthsPaid annually5.00%$4,375
22 monthsPaid annually5.00%$4,583
23 monthsPaid annually5.00%$4,792
3 yearsPaid annually3.80%$5,700
4 yearsPaid annually3.80%$7,600
5 yearsPaid annually3.80%$9,500
As of 26 October 2026, over 1 year on $50,000, NAB iSaver pays $1,533 with nothing to do each month; NAB's 12-month term deposit pays $2,650 at 5.30%. Figures are the bank's published rates, worked out on the balance above as simple interest. Each row says which figure is higher; it doesn't say which one suits you.