Arab Bank Australia Cash Management Account

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A convenient bank account that earns interest while you wait for the next investment.

The Cash Management Account has a tiered interest rate structure. If you meet an ongoing monthly account balance requirement, there are $0 account keeping fees. You can access your account via ATM and EFTPOS – and earn interest at the same time.

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Details

Product NameArab Bank Cash Management Account
Maximum Variable Rate0.15% p.a.
Standard Variable Rate0.05%
Monthly Account Fee$5
Minimum Opening Deposit$1,000
Minimum Age18

Key features

Minimum $1,000 opening deposit

To open this account, you need a minimum of $1,000.

No ongoing balance requirement

This account does not come with a minimum ongoing balance requirement. However, if the account balance falls below $10,000, a $5 per month account keeping fee applies.


How to apply

Existing Arab Bank Australia customers can apply through the bank's online banking platform, using their Internet ID numbers. As a new customer, you can apply online or by visiting any Arab Australian Bank branch.

Eligibility

Before you do, make sure you meet the required eligibility criteria:

  • Minimum age. You are at least 18 years of age.
  • Residency requirement. You are an Australian citizen or an Australian resident.

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