NAB Business Cash Maximiser

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Updated
Fact checked

Our verdict

The Business Cash Maximiser from NAB provides you with a flexible way to access your money online, while letting it grow with a competitive interest rate.

Earn a competitive interest rate when you meet the balance requirements.

Pros

  • $0 monthly account fee
  • Online savings account with easy access

Cons

  • A minimum balance of $10,000 require to earn interest

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Businesses could benefit from the earned interest on their excess working capital, while having it ready to use when needed. The NAB Business Cash Maximiser is a no-fee savings account that still allows total access to the funds through online banking.

Details

Key details

Product Name NAB Business Cash Maximiser
Maximum Variable Rate 0.90% p.a.
Standard Variable Rate 0.90% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 18

Key features

Monthly account keeping fee

NAB charges no monthly fees when you use this account.

Interest

Competitive interest is earned on balances that are of $10,001 or higher.

How to apply

If you are a sole trader, partnership or have one or two directors, you can apply for the Business Cash Maximiser online by visiting NAB website. Larger businesses should call NAB direct for assistance with filling out the application. You will be asked first to verify that you are eligible for this account:

Eligibility

  • Minimum age. Applicants for this business savings account must be at least 18 years of age.
  • Residency requirements. Australian permanent residents may apply for this account online, so long as the business is also registered in Australia. For individuals who are citizens of the United States, residents for tax purposes or are applying for a business outside of Australia, you will need to speak directly with a NAB representative.

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IMB Reward Saver Kick Start
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How the Finder Score helps you find a better savings account

The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.

We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?

Read the full Finder Score breakdown

Sources
  1. NAB Business Cash Maximiser information page
  2. NAB Business Cash Maximiser TMD

Your reviews

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Ask a question

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Alison Finder

Editorial Manager, Money

Hi there, looking for more information? Ask us a question.

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Ming

February 23, 2017

we have an account called Business Cash Maximiser, can you let me know what interests rate you pay us?


Ming


Avatar

May Finder

February 23, 2017

Hi Ming,


Thank you for your question and for contacting finder.com.au – we are a financial comparison website and general information service designed to help consumers make better decisions. Please note that we are not affiliated with any company we feature on our site.


With the NAB Business Cash Maximiser, you can earn a standard interest rate 0.60% p.a. if you park $10,000 or higher on the account. The interest is calculated daily and paid to your account monthly.


Cheers,

May


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Avatar

Alison Banney

Editorial Manager, Money

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

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