The Finance Algorithm
Arab Bank Australia Ltd Prod logoArab Bank Australia Ltd Prod

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.

Savings & transaction accountsBank updated 20 Aug 2026

At a glance

Base rate
3.00%

How it compares

This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This account: 3.00%Every other institution's highest, 60 in all

Paid whatever you deposit or spend. One dot per institution, at its highest savings rate with no bonus conditions anyone can apply for; hover or tap a dot for its name.

RateThis accountBest anywhereTypical institutionWhere it sits
No bonus conditionsPaid whatever you deposit or spend3.00%4.80%MoveBank's Online Saver2.25%of 61 institutions21st highest of 61, level with 3 others

Rates

Every rate Arab Bank Australia Ltd Prod publishes for this account, 11 in all.

TypeApplies toTermBandRateComparisonConditions
Variable--up to $1,9993.00%-paid every 1 mo
Variable--$10,000–$19,9993.00%-paid every 1 mo
Variable--$100,000–$249,9994.85%-paid every 1 mo
Variable--$1,000,000+4.95%-paid every 1 mo
Variable--$2,000–$2,9993.00%-paid every 1 mo
Variable--$20,000–$49,9993.00%-paid every 1 mo
Variable--$250,000–$499,9994.85%-paid every 1 mo
Variable--$3,000–$4,9993.00%-paid every 1 mo
Variable--$5,000–$9,9993.00%-paid every 1 mo
Variable--$50,000–$99,9994.85%-paid every 1 mo
Variable--$500,000–$999,9994.95%-paid every 1 mo

Fees

One fee published, grouped by when they're charged.

When you make a transaction1

  • Over the Counter Fee

    The first transaction where an Over the Counter Fee is applicable will not incur a fee. Transactions thereafter will be charged at the rate above.

    $2.50

Features

Digital banking
  • No monthly account keeping or online transactional fees
  • High rate of interest paid on balances as low as $1
  • Receive regular statements.
  • Interest calculated daily, and paid monthly.

Eligibility and limits

  • Opening balance $1
  •  Minimum opening deposit A$1  Individuals who are 18 years of age or over  Must be Australian residents for tax purposes  Successful completion of applicable Arab Bank Australia Limited (ABAL) id…

Published by Arab Bank Australia Limited under the Consumer Data Right, last changed by them on 20 Aug 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.