NAB Retirement Account
No conditions on the rate
Get more from your money in retirement and enjoy easy access to your money while earning a competitive interest rate.
- Base rate up to
- 2.40%
- Introductory rate
- None
- Maximum balance
- None published
Rate a year, up to
Rates by balance
| Balance | Base rate |
|---|---|
| $0 to $9,999 | 0.15% |
| $10,000 to $49,999 | 1.75% |
| $50,000 to $249,999 | 2.25% |
| $250,000 and over | 2.40% |
Who can open it
- Age to open
- 55 and over
- Maximum balance
- None published
Who it's for
- To be over 55 and retired, or receiving a Government pension or allowance.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
2.40%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
2.40%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- A lower rate. Up to 2.40%, below the typical 3.65%, so your savings grow more slowly than in many other accounts.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 2.40%
- Bonus conditions
- None
- Most it pays
- 2.35%
- Bonus conditions
- None
- Most it pays
- 2.35%
- Bonus conditions
- None
