NAB Term Deposits
Different clients have different needs when it comes to investing, just as different advisers have different approaches to constructing, implementing and maintaining client portfolios. NAB Term Deposits (via adviser) provide you with a secure, defensive investment option to meet the needs of a range of clients.
- Short to medium term parking vehicle for funds
- Holding vehicle while preparing a financial plan
- Fixed interest component of a SMSF
- Regular income stream vehicle
- Deferred income vehicle (deferring tax until the following tax year).
The benefits of using NAB Term Deposits (via adviser) include:
- Competitive interest rates
- Range of investment terms
- No fees
- Trail commission (able to be rebated)
- Dedicated service centre
If your client appoints you as their Nominated Representative on their term deposit, you may extend their term in accordance with your client's instructions, on their behalf.
Indicator Rates
- NAB Term Deposits Rate Sheet (PDF, 38KB)
Product information
| Minimum investment | $50,000 |
|---|---|
| Investment terms | 30 days to 5 years |
| Withdrawals | Full and partial withdrawals before maturity are permitted however, an economic cost may be charged |
| Interest frequency |
|
| Payment of interest | Interest is paid into a NAB or other Australian financial institution account nominated by the customer |
| Maturity | Can extend for additional term or receive principal and interest in a nominated account. Where no maturity instructions are received, the term deposit will be reinvested for the same term again at the prevailing rate. |
| Commission | Trail commission of 0.25% pa
|
| Adviser authority | If appointed as a Nominated Representative by your client and provided you have undertaken an Austrac Identification Requirement yourself, you may act to extend (renew) a NAB Term Deposit (via adviser) for another term in accordance with your client's instructions, on their behalf. |
Supporting documentation
- Adviser Distribution Agreement (PDF, 75KB)
In order to offer NAB Term Deposits, the Adviser Distribution Agreement must be completed by financial advisers who are not aligned with MLC. The agreement incorporates the RCTI agreement in respect of commission payments. - NAB Term Deposits (via adviser) Terms & Conditions (PDF, 309KB)
Product terms and conditions, including features of NAB Term Deposits (via adviser) - NAB Term Deposits (via adviser) Client Application Form (PDF, 490KB)
Product application form. - NAB Term Deposits (via adviser) Adviser Guide (PDF, 1.07MB)
Guide to assist advisers with NAB Term Deposits (via adviser), including product features, commission details and information on the application process. - NAB Term Deposits (via adviser) Maturity Instructions Form (PDF, 38KB)
This form is to be used to provide term deposit maturity instructions to NAB.
Contact
NAB Term Deposits (via adviser) Adviser Service 1800 331 240, 9.00 am – 5.30 pm EST on any business day or email adviserTD@nab.com.au.
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