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NAB to offer term deposits via brokers

Staff Reporter 1 minute read

Brokers can now facilitate client requests for term deposits through a new cash management solution rolled out by NAB Broker today.

Fulfillment of the deposit transaction will be managed by NAB’s deposit staff but according to NAB Broker’s head of broker sales John Flavell, the client relationship remains firmly with the broker.

“We want to give brokers the opportunity to provide a full suite of financial solutions and services to their client.

“Our business model is in many ways very different from those of our competitors – we encourage brokers to own the client relationship. We are trying to position the broker as the person the client goes to for all their financial requirements,” he said.

NAB will pay a commission of up to 15 basis points on all term deposits.

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NAB to offer term deposits via brokers
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