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Changes to NAB savings and home loan rates

³Ô¹ÏÍøÕ¾ Australia Bank

NAB has today announced changes on savings products and home loans.

Savings rates:

  • NAB’s iSaver will increase by 0.50% p.a. to 1.80% effective from 12 August 2022
  • NAB’s Reward Saver bonus rate will increase by 0.50% p.a. to 1.75% effective from 12 August 2022
  • NAB’s 12-month term deposit will increase 0.50% p.a. to 3.00% effective from 12 August 2022.

³Ô¹ÏÍøÕ¾ loan rate:

  • The standard variable home loan interest rate will increase by 0.50% p.a, effective from 12 August 2022.

NAB regularly updates its savings and term deposit rates. The bank has made more than 20 increases on these products since 1 May – for the latest rate, check .

NAB Group Executive Personal Banking Rachel Slade said NAB was here to help all customers, particularly those who might find increasing home loan rates challenging.

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