NAB Reward Saver — savings account review
=========================================

Reviewed by Norg Editorial Team (Editorial Team, Norg Reviews)
Last reviewed: 2026-05-14T04:48:34.276Z
Methodology: AussieBanks Review — Savings Methodology v1.0.0

COMPANY OVERVIEW
Website: https://www.nab.com.au/personal/bank-accounts/savings-accounts/reward-saver
ABN: 12004044937
Founded: 1858
Regulator: AFSL 230686
Vertical: au-banks

OVERALL RATING: 3.9 / 5
Based on 0 detailed reviewer perspectives.

Solid Big-Four product but headline rate now trails ANZ Plus, CommBank, and Westpac on the same conditions.

PROS
1. Tight integration with the NAB customer ecosystem

CONS
1. Lowest headline rate among the Big Four savings products on similar conditions

KEY TAKEAWAYS
1. Rate lags peer Big Four
   On effectively the same conditions (deposit + no withdrawal), ANZ Plus, CommBank and Westpac all currently advertise higher bonus rates.
2. Worth holding if other NAB products simplify life
   For customers with NAB home loans, cards or business accounts, the convenience can outweigh a 30–60 bps rate gap to a competitor.
3. AFSL 230686 — NAB
   National Australia Bank, APRA-regulated, FCS-protected to $250k per account holder.

DETAILED REVIEWS