Arab Bank Personal Online Savings Account Summary
Description
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.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
Hoops
- Applicants must be at least 18.
- Ongoing rate cap: $49,999. See the rate breakdown for higher balances.
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Details
Key details
| Product name | Arab Bank Personal Online Savings Account |
|---|---|
| Maximum variable rate | 3.00% p.a. |
| Ongoing interest rate | 3.00% p.a. |
| Base interest rate | 3.00% p.a. |
| Minimum age | 18 years |
Source: noren.com.au
All comparison details
| 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
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 3.00% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 3.00% | Whole balance | Up to $49,999 |
| Standard variable | 4.85% | Whole balance | $50k to $499,999 |
| Standard variable | 4.95% | Whole balance | $500k and over |
Source: noren.com.au
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Requirements
- 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
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Arab Bank.
- 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.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected and verified on 31 Oct 2026.