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Arab Bank Online Savings Account

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Your financial transactions are made easier with an online savings account from Arab Bank.

Without the requirement of a linked account, the Arab Bank Online Savings Account gives you total access to your money. Make purchases, take out cash from an ATM, or bank online all while earning interest and all from one account.

0.7% p.a.

Maximum variable rate

0.7% p.a.

Base interest rate

$1

Minimum opening balance

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Details

Product NameArab Bank Online Savings Account
Maximum Variable Rate0.7% p.a.
Standard Variable Rate0.70%
Bonus Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$1
Minimum Age18

Expert review

Shirley Liu

Review by


Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

This is an account you could consider if you prefer flexibility.

Key features

Balance requirement

There is no minimum balance requirement for this account.

Interest payment

The interest on this account is tiered. Interest starts at 0.7% for balances up to $499,999 and increases to 0.9% for balances $500,000 and over.


How to apply

Eligibility

Arab Bank has set up a secure online application center that you can access by visiting their website after reviewing the following eligibility requirements:

  • Minimum age. You must be at least 18 years of age to open an Arab Bank Online Savings Account.
  • Residency requirements. All account holders must Australian residents or citizens with a verifiable address in Australia.

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