Arab Bank Fixed Term Deposit Account
- Interest rate 6 months interest rate
- Up to 4.20% p.a.
- Minimum opening deposit
- $1
- Account keeping fee
- $0
- Maximum deposit
- $9,999
Summary
Start investing early with a fixed rate term deposit that makes no stipulations for how little you can start earning interest with.
The Arab Bank offers Australians a flexible term deposit account with no minimum balance requirement and terms for a quick investment period or for when you have a longer savings goal in mind. Interest rates are competitive, and can be paid into the account to further its growth with compound interest. With transactions that are free from any fees, your savings will grow faster than you hoped for.
Pros
-
Highly competitive interest rate
-
Interest calculated daily
-
Terms from 1 month to 5 years available
Cons
-
For terms of two years or less, interest is paid at maturity
Details
Key details
| Product Name | Arab Bank Fixed Term Deposit Account |
| 3 month interest rate | 3.65% |
| 4 month interest rate | 3.50% |
| 6 month interest rate | 4.20% |
| 9 month interest rate | 3.90% |
| 12 month interest rate | 3.70% |
| 24 month interest rate | 3.50% |
| 36 month interest rate | 3.40% |
| 48 month interest rate | 3.40% |
| 60 month interest rate | 3.30% |
| Minimum Opening Deposit | $1 |
| Minimum age requirement | 18 |
| Government guarantee | Yes |
Eligibility
| Minimum Age Requirement | 18 |
| Joint account availability | No |
| Min Deposit | $1 |
| Available to children | Not available for children |
FAQ
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Your reviews
Alison Finder
Editorial Manager, Money
Hi there, looking for more information? Ask us a question.
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John Basanes Finder
January 03, 2019
Hi Tony,
Thank you for reaching out to finder.
After the maturity date of your term deposit, you have the option to renew your term deposit with your current bank or opt to withdraw everything and transfer it to another bank depending on your choice. Hope this helps!
Cheers,
Reggie
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Tony
January 02, 2019
After maturity of a term deposit can you withdraw principal and interest to another bank