In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Arab Bank Australia Cash Management Account

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Arab Bank Cash Management Account
Maximum variable rate
0.90% p.a.
Base interest rate
0.4%p.a.

Summary

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.

Pros

  • Convenient access through ATM and EFTPOS, Internet, cheque book and OTC service
  • Highly competitive interest rate
  • Up to 12 free transactions per month

Cons

  • Tiered interest rate structure

In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name Arab Bank Cash Management Account
Maximum Variable Rate 0.90% p.a.
Standard Variable Rate 0.40% p.a.
Monthly Account Fee $5
Minimum Opening Deposit $1,000
Minimum Age 18

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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