National Australia Bank
One of Australia's Big 4 banks, headquartered in Melbourne
Melbourne, VIC33 Products TrackedRecently updated
4.70%
Best Savings Rate
4.70%
Best TD Rate
5.74%
Lowest Home Loan
33
Products Tracked
Government Deposit Guarantee (FCS)
Deposits up to $250,000 per account holder are protected under the Financial Claims Scheme. This limit is shared across: NAB, UBank, Citi Australia.
About National Australia Bank
National Australia Bank (NAB) is one of Australia's Big 4 banks, headquartered in Melbourne, VIC. Listed on the ASX as NAB, it serves approximately 9 million customers. NAB was established in 1982 through the merger of the National Bank of Australasia (founded 1858 in Melbourne) and the Commercial Banking Company of Sydney (founded 1834).
NAB is an Authorised Deposit-taking Institution (ADI) regulated by APRA. Other brands operating under the same ADI licence include UBank and Citi Australia. RatePilot tracks NAB's savings accounts, home loans, term deposits, and credit cards.
Deposits at NAB are protected under the Financial Claims Scheme (FCS) up to $250,000 per account holder, per ADI. Customers holding deposits at UBank or Citi Australia should note that the FCS limit is shared across all brands under the same ADI licence.
Pros & Cons
✓ Strengths
- +Deposits protected under the Financial Claims Scheme (up to $250,000 per account holder)
- +One of Australia's Big 4 banks
- +RatePilot tracks savings, home loans, term deposits, and credit cards
- +Approximately 9 million customers
✗ Considerations
- –$250,000 FCS limit is shared with UBank and Citi Australia (same ADI licence)
- –As a Big 4 bank, may not always offer the most competitive rates
Our Verdict
NAB is one of Australia's Big 4 banks, serving approximately 9 million customers. It holds an APRA-regulated ADI licence shared with UBank and Citi Australia, meaning FCS protection up to $250,000 per account holder applies across all brands. RatePilot tracks NAB's savings, home loans, term deposits, and credit cards.
Last reviewed: 10 February 2026
Recent Rate Changes
No recent rate changes recorded for NAB