NAB named Bank of the Year - Young People

NAB has been named Bank of the Year - Young People in the Money Consumer Finance Awards.

It was recognised for offering a suite of complementary banking products to help young savers make their money work harder.

See the full list of winners in the Money Consumer Finance Awards 2026.

NAB at a glance

• Winner: Bank of the Year - Young People
• Why they won: A suite of complementary banking products to help young savers make their money work harder
• Top product: NAB iSaver

Making saving simpler for young Australians

As Sweta Mehra, NAB executive - personal everyday banking, points out, "Young Australians are juggling higher living costs, rent and study or early career wages, so saving needs to be simple, flexible and motivating - not complicated or restrictive."

Mehra adds, "At NAB, we focus on helping young people build strong savings habits by pairing competitive savings rates with practical digital tools that make saving easier day to day."

Digital tools to build good habits

Through the NAB app, young Australians can set up savings goals, automate regular transfers into their savings accounts, track balances and progress in real time, and separate spending from saving across different accounts.

"We also place a strong emphasis on visibility and control," says Mehra.

"Real-time account updates, spending insights and easy money movement help younger customers understand where their money is going and make conscious choices about setting some aside - even if it's in small amounts.

Flexible saving for real life

"Our approach recognises that saving isn't always linear for young people. Our products and digital features are designed to reward good habits without locking customers in, or penalising them when circumstances change, giving them the flexibility to save consistently and confidently over time."

Products that work together

Mehra cites three key NAB products that can work together to help young adults get more from their money:

NAB iSaver - suitable for young savers who want a competitive interest rate with no ongoing fees or minimum balance requirements.

NAB Reward Saver - for those who like clear incentives to save consistently.

NAB Reward Saver encourages regular saving habits by offering bonus interest when monthly deposit and balance conditions are met.

"It's well suited to younger Australians who want structure and motivation as they build longer term savings, without needing to constantly watch the account," says Mehra.

NAB Classic Banking - an everyday account that forms the foundation of good money habits.

"NAB Classic Banking has no monthly account fees, is easy to manage via the NAB app, and works seamlessly alongside savings accounts - making it easier to separate spending from saving and stay on track," notes Mehra.

Top product: NAB iSaver

NAB iSaver - a strong option for young savers who want a competitive rate with no ongoing fees or minimum balance requirements.

Supporting every stage of the savings journey

Together, these products give young Australians flexibility - whether they're just starting their savings journey, setting up regular habits or working towards bigger goals over time.

Read more: View all winners in the Money Consumer Finance Awards 2026.

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