Personal Online Savings Account
An online savings account that provides a high rate of return and has the convenience of a regular transaction account online at your fingertips at any time.
On this page
Details
| Field | Value |
|---|---|
| Base | 3.00% |
| Ongoing | 3.00% |
| Ongoing cap | $50K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 18 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Interest rates & fees
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 3.00% | Whole balance | All balances |
Source: noren.com.au
Rate requirements
For Personal Online Savings Account.
- No monthly deposit, balance-growth, purchase or withdrawal-count interest qualification. No introductory rate or required linked transaction account.
- Interest is calculated daily on the whole account balance at its applicable band rate, then credited on the last day of each month. Higher-band rates apply to the whole balance, not only the excess.
- No monthly account-keeping or online transaction fee. Branch-assisted transactions cost $2.50 after the first applicable transaction, other service/card/third-party ATM fees can apply. These are not monthly interest withdrawal conditions.
Fees
| Fee | Amount | Details |
|---|---|---|
| Monthly account fee | $0 | Monthly account fee. |
Source: noren.com.au
Showing reviewed fees only, other charges may apply
Rate history
| Observed | Base | Ongoing | Intro |
|---|---|---|---|
| 29 Oct 2026 | 3.00% | 3.00% | - |
Source: noren.com.au
Eligibility
- Individuals aged 18+ who are Australian residents for tax purposes and complete identification checks. Minimum opening deposit $1. Sole or two joint individual holders, online accounts operate severally. Australian residential address required for online opening.
- Arab Bank Australia Limited trades as abal banking, this is one bank/feed, not a second institution.
Similar products
Tools & support
Things you should know
- Check withdrawal access, linked-account requirements and transaction timing with the provider.
- Introductory and ongoing offers may have different eligibility and balance limits.
Collected on 30 Oct 2026. Pricing verified on 31 Oct 2026.