NAB Retirement Account Summary
Description
Get more from your money in retirement and enjoy easy access to your money while earning a competitive interest rate.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
Hoops
- Ongoing rate cap: $10,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | NAB Retirement Account |
|---|---|
| Maximum variable rate | 0.15% p.a. |
| Ongoing interest rate | 0.15% p.a. |
| Base interest rate | 0.15% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 0.15% |
|---|---|
| Ongoing | 0.15% |
| Ongoing cap | $10K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | - |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.15% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 0.15% | This band only | First $10k |
| Standard variable | 1.75% | This band only | Over $10k to $50k |
| Standard variable | 2.25% | This band only | Over $50k to $250k |
| Standard variable | 2.40% | This band only | Over $250k |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- No ongoing monthly deposit, purchase or balance-growth conditions in the reviewed pricing.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with NAB.
- To be over 55 and retired, or receiving a Government pension or allowance
- To be over 55 and retired, or receiving a Government pension or allowance
- Individual applicants only
- The over-55/retired rule is an alternative to receiving a government pension or allowance, younger pension recipients can apply by phone or in branch.
More from NAB
Similar products
Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected and verified on 31 Oct 2026.