People with savings accounts at the National Australia Bank could be alerted to news it has upped the interest on some of its savings accounts.
The National Australia Bank (NAB) has increased the
interest rate on a range of its savings accounts by 0.25 per cent per annum.
It has upped the rate on its
NAB iSaver to 4.25 per cent from a previous level of four per cent and on a selection of its home loan accounts.
Lisa Gray, group executive of NAB Personal Banking, said the organisation is pleased that its fair value philosophy is being recognised as the company has seen an bigger rise in home loan customers than it has had for years.
She added: "In February and March, we outgrew the financial system in home lending - the first time we've had two consecutive months of growth above the system since mid-2005."
The organisation pointed towards its best standard variable home loan interest rate compared to the major banks for 11 consecutive months as one reason for its success.
Last month, the organisation – which offers a range of
NAB bank accounts - increased its standard variable interest rate by 0.25 per cent.
By Mark Hornby
