NAB 1 Year Term Deposit


Type Fixed
Rate 2.40%
Currency AUD

Website: http://www.nab.com.au

Authority: National Australia Bank or NAB is major Australian financial services company with subsidiaries in Asia, New Zealand, UK and the United States and was founded in 1858.

How to open a NAB Term Deposit Account:

- You can open one over the telephone on 13 13 12

- You can also open this deposit account in any Australian NAB branch. You may find your nearest NAB branch location on their website.

Requirements to open a NAB 1 Year Term Deposit Account:

You will require a minimum of $5000 to open this account type.

Information on NAB 1 Year Term Deposit Rates:

Like other Australian banks, NAB term deposits are high influenced and dependent on monetary policy decisions of the Reserve Bank of Australia / RBA when setting their 1 year term deposit rates. A 12 month term is considered short term (1 year or less) and NAB will raise and lower rates on forecasts on where interest are likely to be set by the RBA in the future. Also customer deposits for banks like NAB are a key funding source and when wholesale funding costs are high or when more liquidity is required, they may incentivize through higher term rates their customers. 

The current interest rate applicable below is for a 1 year /12 month term deposit for a balance between $100,000 and $499,999. Interest paid annually or at maturity. Semi-annual or monthly options available.


The rate of 2.40% is 0.53% higher than the average 1.87%. Also it is 0.25 % lower than the highest rate. Updated Nov, 2017

on NAB's secure website

Website: http://www.nab.com.au

Authority: National Australia Bank or NAB is major Australian financial services company with subsidiaries in Asia, New Zealand, UK and the United States and was founded in 1858.

How to open a NAB Term Deposit Account:

- You can open one over the telephone on 13 13 12

- You can also open this deposit account in any Australian NAB branch. You may find your nearest NAB branch location on their website.

Requirements to open a NAB 1 Year Term Deposit Account:

You will require a minimum of $5000 to open this account type.

Information on NAB 1 Year Term Deposit Rates:

Like other Australian banks, NAB term deposits are high influenced and dependent on monetary policy decisions of the Reserve Bank of Australia / RBA when setting their 1 year term deposit rates. A 12 month term is considered short term (1 year or less) and NAB will raise and lower rates on forecasts on where interest are likely to be set by the RBA in the future. Also customer deposits for banks like NAB are a key funding source and when wholesale funding costs are high or when more liquidity is required, they may incentivize through higher term rates their customers. 

The current interest rate applicable below is for a 1 year /12 month term deposit for a balance between $100,000 and $499,999. Interest paid annually or at maturity. Semi-annual or monthly options available.


The rate of 2.40% is 0.53% higher than the average 1.87%. Also it is 0.25 % lower than the highest rate . Updated Nov, 2017

on NAB's secure website

Type Fixed
Rate 2.40%
Currency AUD

Compare NAB Deposit rates

Account Name Rate
NAB 5 Year Term Deposit 2.80%
NAB 2 Year Term Deposit 2.60%
NAB 6 month Term Deposit 2.10%

Compare 1 year rates in Australia

Account Name Rate
Bankwest 1 Year Term Deposit 2.65%
UBank 1 Year Term Deposit 2.64%
Bank of Melbourne 1 Year Term Deposit 2.60%