Compare Arab Bank Australia Transaction and Savings accounts

An emerging bank in Australia, Arab Bank Australia is worth considering in your comparison.

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Arab Bank Australia

Arab Bank has had a presence in Australia since 1986 and has now expanded to include 9 branches across Australia. As a subsidiary of Arab Bank PLC, it is able to offer Australians over 80 years experience in the financial industry both in business and personal banking products.

Compare Arab Bank Australia accounts below

Name Maximum Variable Rate p.a. Base interest rate Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Arab Bank Online Savings Account
Arab Bank Australia logo
Maximum Variable Rate p.a.
1.30%
Standard Variable Rate p.a.
1.30%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Arab Bank Cash Management Account
Arab Bank Australia logo
Maximum Variable Rate p.a.
0.90%
Standard Variable Rate p.a.
0.90%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Arab Bank Business Online Savings Account
Arab Bank Australia logo
Maximum Variable Rate p.a.
1.55%
Standard Variable Rate p.a.
1.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
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Showing 3 of 3 results
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
Arab Bank Statement Account
Arab Bank Australia logo
Apple Pay Google Pay
Monthly fee
$6
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Arab Bank Student Account
Arab Bank Australia logo
Google Pay Apple Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Arab Bank Premium Business Cheque Account
Arab Bank Australia logo
Apple Pay Google Pay
Monthly fee
$12
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Arab Bank Standard Current Account
Arab Bank Australia logo
Google Pay Apple Pay
Monthly fee
$6
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Arab Bank Essential Offset Account
Arab Bank Australia logo
Apple Pay Google Pay
Monthly fee
$10
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Arab Bank Foreign Currency Statement Account
Arab Bank Australia logo
Apple Pay Google Pay4 currencies
Monthly fee
$4
Government Guarantee
Own network ATM fee
Card type
Visa
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Showing 6 of 6 results
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 11 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Arab Bank Fixed Term Deposit Account
Arab Bank Australia logo
$1,999 max. deposit
3 Mths p.a.
3.85%
4 Mths p.a.
3.60%
5 Mths p.a.
3.60%
6 Mths p.a.
4.30%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.00%
24 Mths p.a.
3.70%
More Info
Arab Bank Business Fixed Term Deposit
Arab Bank Australia logo
$1 min. deposit
3 Mths p.a.
3.85%
4 Mths p.a.
3.60%
5 Mths p.a.
3.60%
6 Mths p.a.
4.30%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.00%
24 Mths p.a.
3.70%
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Showing 2 of 2 results
1 - 12 of 186
Name Maximum Variable Rate p.a. Base interest rate Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Ideal for higher balances, savers can earn up to 5.4% for the first 4 months and up to 4.7% thereafter. There are no conditions and $0 account-keeping fees.
Rabobank High Interest Savings Account
Rabobank logo
Maximum Variable Rate p.a.
5.60%
Standard Variable Rate p.a.
4.35%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
Ubank High Interest Save Account
Ubank logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • Savings up to $100,000
Go to siteView details
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Macquarie Savings Account
Macquarie Bank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
5.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
Suncorp Bank Growth Saver Account
Suncorp Bank logo
Maximum Variable Rate p.a.
5.05%
Standard Variable Rate p.a.
0.35%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance by $200 each month (excl. interest)
  • Only 1 withdrawal
  • No balance limit on earning interest
Go to siteView details
Bank of Queensland Simple Saver Account
BOQ logo
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
4.85%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $5,000,000
Go to siteView details
Newcastle Permanent Smart Saver Account
Newcastle Permanent logo
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance
  • No more than 2 withdrawals
Go to siteView details
ING Savings Maximiser
ING logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
  • Balances up to $100,000
Go to siteView details
IMB Reward Saver Account
IMB logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
  • Balances up to $1,000,000
Go to siteView details
Earn up to 3.25% p.a. after the introductory period ends.
Bankwest Easy Saver
Bankwest logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
4.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000.99
Go to siteView details
Rabobank PremiumSaver
Rabobank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
1.45%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance by $200+ each month
  • Balances up to $250,000
Go to siteView details
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Showing 12 of 13 results

Who is Arab Bank Australia?

Arab Bank pic has become the largest Arab banking branch network in the world, with a presence in 30 countries. They have shown growth in Australia as well, and are able to provide their customers with savings products to suit a number of needs. Whether you want a passive savings account with full accessibility, or a term deposit that locks you into interest earnings, you will find that their savings accounts are worth comparing with others.

  • Arab Bank Australia SWIFT code: ARABAU2S

What’s Internet banking like for Arab Bank Australia?

Arab Bank Australia’s online and mobile banking platforms give customers the ability to view account balances, view their transaction history, transfer funds between linked Arab Bank Australia accounts and to existing payees and pay bills using BPAY. You can also use the online platform to order cheque and deposit books, and to manage your Arab Bank Australia issued Visa debit card. The bank offers a free SMS Payment Authentication service to customers who use BPAY and Transfer to Anyone services.

Notable features include:

  • Open a new Arab Bank Australia account
  • Set up scheduled regular fund transfers
  • Activate your new Visa card

What about the mobile app?

Image Source: App Store
Intro PageHomePay Bills
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What transaction accounts does Arab Bank Australia offer?

  • Statement account. An interest-earning transaction account, a Visa debit card allows you to make unlimited withdrawals at any Arab Bank Australia. If you have an account balance of at least $2,000 your balance will also be credited with interest earning.
  • Cash Management account. With no minimum on your ongoing balance, you are allowed an unlimited number of ATM transactions using the issued Visa debit card. This is an interest earning transaction account, calculating interest daily and making monthly payments regardless of your balance.

What high interest savings accounts does Arab Bank Australia have?

  • Passbook account. Earn a competitive interest rate on saving balances of over $2,000, a passbook is used to give you instant access to your records. Four free over-the-counter transactions are allowed per month, and only one dollar is needed to open your account.
  • Personal Online Savings account. This award winning account earns your savings interest at a competitive rate, no matter what your balance is. You are able to manage your account conveniently online, or use the bank issued Visa debit card.

What term deposits can Arab Bank Australia provide?

The Arab Bank Australia allows for term deposit customers to make their investments in Australian dollars or other select currencies. Terms are available from one month to five years, and the minimum opening balance is one dollar. This account allows for no access during the term period, but you will be earning a higher interest rate than with your standard savings accounts.

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What are the pros and cons to banking with Arab Bank Australia?

Pros

  • Variety. Arab Bank Australia gives you a number of savings accounts options to consider when you are making your comparisons.
  • Flexibility. A key feature to think about is the ability to earn interest on your balance while still being able to use the account for your everyday transactions.

Cons

  • Limited branches. Unlike larger Australian banks, branches are limited in Australia which could prove troublesome for those who prefer over the counter banking.
  • Bonus rates. While the accounts offer competitive rates on their savings accounts, there are no bonus rates like you find with other banks.
  • Interest earning limits. With some accounts, you won’t earn interest unless you have a specified minimum balance in the account.
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How do I apply for an account offered by Arab Bank Australia?

Arab Bank Australia offers a secure way to apply for their savings accounts online. This can be done from your personal computer or tablet and should take only a few minutes.

  • Verify identity. The Arab Bank Australia will be able to verify your identity only securely, provided that you are able to offer identifying documentation such as a driver’s licence or passport.
  • Choose your account. Once you choose the right account for you, simply follow the onscreen instructions to complete the application.
  • Confirmation. You will receive confirmation that your application was received via email.

With so many options and features to consider, ensure that you compare the Arab Bank Australia savings accounts carefully before you make a final decision. With the right high interest savings account suited for your needs, you have the chance to secure your financial future.

Compare other products from Arab Bank of Australia

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Written by

Publisher

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. See full bio

More guides on Finder

  • Arab Bank Statement Account

    Get the best of all banking worlds with an interest bearing transaction account that gives you multiple ways of managing your spending.

  • Arab Bank Australia Cash Management Account

    If you want to open a savings account that provides easy access to money, look at what the Arab Bank Australia Cash Management Account has to offer.

  • Arab Bank Fixed Term Deposit Account

    Take advantage of flexible terms and competitive rates to multiply your savings.

  • Arab Bank Online Savings Account

    Arab Bank offers Australians a unique alternative for their savings. Earn interest while still having complete access to your money free of charge and eliminate the need for multiple accounts.

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