NAB term deposit rates
27 terms published on 10 Oct 2026, best 5.30% for 12 months, from NAB’s own Consumer Data Right feed. Registered as NATIONAL AUSTRALIA BANK.
NAB at a glance
Today’s rates27 terms · read 10 Oct 2026
| Term | Rate | Rank | vs median | vs best | Last change | This rate | Min. deposit | Product |
|---|---|---|---|---|---|---|---|---|
| 1mo | 1.40% | joint #20 of 33 | −0.10 | −2.70 | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 2mo | 1.65% | joint #20 of 36 | −0.10 | −2.80 | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 3mo | 3.35% | joint #56 of 68 | −1.20 | −1.90 | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 4mo | 3.35% | #48 of 49 | −1.30 | −2.05 | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 5mo | 3.40% | #43 of 50 | −0.90 | −1.80 | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 6mo | 3.50% | joint #61 of 73 | −1.50 | −1.95 | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 7mo | 3.60% | joint #35 of 43 | −1.35 | −1.85 | ▲ +0.05 22 Sep | in effect since 22 Sep 2026 | $5,000 | NAB Term Deposit |
| 8mo | 3.70% | joint #29 of 39 | −0.70 | −1.55 | ▲ +0.10 22 Sep | in effect since 22 Sep 2026 | $5,000 | NAB Term Deposit |
| 9mo | 3.80% | joint #46 of 60 | −1.00 | −1.60 | ▲ +0.10 22 Sep | in effect since 22 Sep 2026 | $5,000 | NAB Term Deposit |
| 10mo | 3.85% | #23 of 40 | −0.15 | −1.50 | ▲ +0.15 22 Sep | in effect since 22 Sep 2026 | $5,000 | NAB Term Deposit |
| 11mo | 3.85% | joint #29 of 45 | −0.15 | −1.60 | ▲ +0.15 22 Sep | in effect since 22 Sep 2026 | $5,000 | NAB Term Deposit |
| 1yr | 5.30% | joint #23 of 75 | +0.05 | −0.30 | ▲ +0.10 22 Sep | in effect since 22 Sep 2026 | $5,000 | NAB Term Deposit |
| 13mo | 5.00% | joint #8 of 18 | +0.15 | −0.50 | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 14mo | 5.00% | #1 of 5 | +1.45 | best | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 15mo | 5.00% | #1 of 8 | +1.45 | best | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 16mo | 5.00% | #1 of 4 | +1.45 | best | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 17mo | 5.00%market best | joint #1 of 13 | +0.70 | best | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 18mo | 5.00% | joint #6 of 25 | +0.70 | −0.50 | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 19mo | 5.00% | #1 of 4 | +1.45 | best | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 20mo | 5.00% | #1 of 4 | +1.45 | best | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 21mo | 5.00% | #1 of 4 | +1.45 | best | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 22mo | 5.00% | #1 of 4 | +1.45 | best | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 23mo | 5.00% | #2 of 17 | +0.70 | −0.25 | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 2yr | 5.00% | joint #17 of 67 | +0.30 | −0.55 | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 3yr | 3.80% | #39 of 51 | −0.50 | −1.65 | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 4yr | 3.80% | #21 of 32 | −0.20 | −1.70 | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
| 5yr | 3.80% | #20 of 31 | −0.20 | −1.70 | — | same on every day read since 10 Sep 2026 | $5,000 | NAB Term Deposit |
“Rank”, “vs median” and “vs best” compare NAB with every bank that publishes the same term today. “This rate” is the first day our daily read showed the current rate — a rate that changed between two reads is dated to the first read that showed it.
What NAB publishes about its products2 term deposit products · as published 10 Oct 2026
| Product | Interest paid | Min. deposit | Max. deposit | Fixed-rate terms | Links |
|---|---|---|---|---|---|
| NAB Term Depositbusiness | every 30 days, every 60 days, every 90 days, every 4 months, every 5 months, half-yearly, every 7 months, every 8 months | $5,000 | $1,999,999 | 27 | product page · terms · fees |
NAB Term Deposit: eligibility, conditions and features
- Eligibility
- minimum age: 14; residency: Permanent Australian resident; businesses; individuals
- Conditions
- min balance 5000.00
- Features
- digital banking — Keep track of your term deposit with NAB Internet Banking and the NAB app.; notifications: Eligible customers who are registered for internet banking can sign up for elec…
- The bank’s description
- Enjoy a competitive interest rate and the ability to choose a term that suits your needs
- Interest calculated
- daily
Also published, not ranked here: NAB Farm Management Deposit other (product page).
Every line is the bank’s own statement in its feed, read that day — nothing is inferred. Early-withdrawal terms appear under conditions or features when a bank states them; a retail product that is also open to businesses or SMSFs is marked.
Rate historyevery sweep day since 26 Aug 2026 · 46 days · 27 terms
3mo 3.35% today
26 Aug 202610 Oct 2026
6mo 3.50% today
26 Aug 202610 Oct 2026
1yr 5.30% today
26 Aug 202610 Oct 2026
2yr 5.00% today
26 Aug 202610 Oct 2026
3yr 3.80% today
26 Aug 202610 Oct 2026
5yr 3.80% today
26 Aug 202610 Oct 2026
All 27 terms — the other 21
1mo 1.40% today
26 Aug 202610 Oct 2026
2mo 1.65% today
26 Aug 202610 Oct 2026
4mo 3.35% today
26 Aug 202610 Oct 2026
5mo 3.40% today
26 Aug 202610 Oct 2026
7mo 3.60% today
26 Aug 202610 Oct 2026
8mo 3.70% today
26 Aug 202610 Oct 2026
9mo 3.80% today
26 Aug 202610 Oct 2026
10mo 3.85% today
26 Aug 202610 Oct 2026
11mo 3.85% today
26 Aug 202610 Oct 2026
13mo 5.00% today
26 Aug 202610 Oct 2026
14mo 5.00% today
26 Aug 202610 Oct 2026
15mo 5.00% today
26 Aug 202610 Oct 2026
16mo 5.00% today
26 Aug 202610 Oct 2026
17mo 5.00% today
26 Aug 202610 Oct 2026
18mo 5.00% today
26 Aug 202610 Oct 2026
19mo 5.00% today
26 Aug 202610 Oct 2026
20mo 5.00% today
26 Aug 202610 Oct 2026
21mo 5.00% today
26 Aug 202610 Oct 2026
22mo 5.00% today
26 Aug 202610 Oct 2026
23mo 5.00% today
26 Aug 202610 Oct 2026
4yr 3.80% today
26 Aug 202610 Oct 2026
Each line is the best retail rate NAB published for that term on each day we read its feed. A break in the line is a day we read no rate for that term — the feed could not be read, or the bank did not publish that term that day — never a rate carried forward.
Where NAB sitsagainst the 77 banks ranked today
1yr: 22 banks ahead
- Community First Bank 5.60%
- Dnister Bank 5.55%
- Heartland Bank 5.55%
- Unity Bank 5.50%
- Alex Bank 5.50%
- Bank Australia 5.50%
- and 16 more on the leaderboard
6mo: 60 banks ahead
- Heartland Bank 5.45%
- RACQ Bank 5.45%
- Unity Bank 5.35%
- Dnister Bank 5.30%
- Bank Australia 5.30%
- Bank First 5.30%
- and 54 more on the leaderboard
The Big 4 and their brands9 banks · top 10 by best rate
| Bank | Best | Term | 6 m | 12 m | Market rank |
|---|---|---|---|---|---|
 Suncorp Bank | 5.50% | 2yr | 4.80% | 5.40% | #5 |
 ANZ | 5.30% | 1yr | 3.50% | 5.30% | #31 |
 Bankwest | 5.30% | 1yr | 4.40% | 5.30% | #31 |
| CommBank | 5.30% | 1yr | 5.00% | 5.30% | #31 |
| NAB | 5.30% | 1yr | 3.50% | 5.30% | #31 |
 Bank of Melbourne | 5.20% | 1yr | 3.40% | 5.20% | #53 |
 BankSA | 5.20% | 1yr | 3.40% | 5.20% | #53 |
 St.George | 5.20% | 1yr | 3.40% | 5.20% | #53 |
 Westpac | 5.20% | 1yr | 3.40% | 5.20% | #53 |
Timeline8 rate changes since 10 Sep 2026 · ▲7 ▼1 · 1 event
| Date | Term | From → to | Δ |
|---|---|---|---|
| 30 Sep 2026 | RBA | RBA cash rate 4.60% — up 0.25 pointsReserve Bank decision effective 2026-09-30: cash rate target 4.60%, a rise of 0.25 percentage points. | |
| 22 Sep 2026 | 10mo | 3.70 → 3.85 | ▲ +0.15 |
| 22 Sep 2026 | 11mo | 3.70 → 3.85 | ▲ +0.15 |
| 22 Sep 2026 | 8mo | 3.60 → 3.70 | ▲ +0.10 |
| 22 Sep 2026 | 9mo | 3.70 → 3.80 | ▲ +0.10 |
| 22 Sep 2026 | 1yr | 5.20 → 5.30 | ▲ +0.10 |
| 22 Sep 2026 | 7mo | 3.55 → 3.60 | ▲ +0.05 |
| 15 Sep 2026 | 9mo | 5.00 → 3.70 | ▼ −1.30 |
| 15 Sep 2026 | 1yr | 5.15 → 5.20 | ▲ +0.05 |
Questions about these rates
What is NAB’s best term deposit rate today?
On 10 Oct 2026, the best retail term deposit rate NAB publishes in its Consumer Data Right feed is 5.30% for 12 months (NAB Term Deposit). That is joint #31 of the 77 Australian banks ranked by best rate today.
What is NAB’s 12-month term deposit rate?
5.30% as read on 10 Oct 2026, 0.05 points above the market median of 5.25%, and joint #23 of the 75 banks publishing a 12-month rate. The market-best 12-month rate today is 5.60%.
What is the minimum deposit at NAB?
The lowest minimum NAB states in its feed is $5,000 (NAB Term Deposit, 1-month). Check the product disclosure statement for balance tiers.
When did NAB last change a term deposit rate?
The most recent change we read was on 22 Sep 2026: the 10-month rate moved from 3.70% to 3.85%. We have read 8 changes at NAB since 10 Sep 2026.
Are deposits with NAB guaranteed?
NAB publishes its products under the Consumer Data Right as an Australian data holder. Under the Financial Claims Scheme, administered by APRA, protected Australian-dollar deposit accounts at an Australian-incorporated authorised deposit-taking institution (ADI) are covered up to $250,000 per account holder per ADI. Several brands can share one ADI licence, in which case the cap covers them together, so confirm which licence NAB operates under before relying on the guarantee. Scheme facts checked against apra.gov.au (Financial Claims Scheme) on 15 Sep 2026 — the link is under “About NAB” below; rates are as read on 10 Oct 2026.
About NAB
- Registered as
- NATIONAL AUSTRALIA BANK
- Also known as
- National Australia Bank
- Type
- One of the Big 4 banks
- ASX code
- NAB
- Website
- www.nab.com.au
- Consumer Data Right feed
- https://openbank.api.nab.com.au
- Deposit guarantee
- Financial Claims Scheme, up to $250,000 per account holder per ADI — scheme details and covered institutions at APRA (checked 15 Sep 2026)
The rates on this page are the retail term deposit rates NAB publishes in its own Consumer Data Right product feed, read once a day. Business, SMSF and staff-only products are left out. A product the bank publishes as “tailored” (pricing may be negotiated) is included only when the bank also states it is open to individuals, and is marked as tailored. A day on which we read no rate is a gap on this page — never an estimate.
Facts about the institution reviewed 15 Sep 2026. Rates read 10 Oct 2026.
Savings accounts at NABhighinterestsavingsaccounts.org
A savings account keeps the money at call, but its rate can change at any time and its best rate usually has monthly conditions. A term deposit locks one rate for its term. Both figures come from the bank’s own feed.
Please note: the savings figures on this page are estimates only and may not reflect the return you actually receive. Actual returns vary with tax, fees, the interest payment frequency and any change the bank makes to a rate before you open the account. Rates are the bank’s own published Consumer Data Right figures and may differ for particular balance tiers or online-only products. Always read the product disclosure statement, confirm the rate with the bank, and consider your own circumstances. Nothing here is financial advice or a recommendation. This site is published by Nutshell Media Pty Ltd, which is not affiliated with any bank, credit union or building society.