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

Statement (Student) Account

A low fee transactional account, with no monthly account keeping fee, for eligible students.

Savings & transaction accountsBank updated 20 Aug 2026

At a glance

Base rate
0.25%

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: 0.25%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 spend0.25%4.80%MoveBank's Online Saver2.25%of 61 institutions49th highest of 61

Rates

Every rate Arab Bank Australia Ltd Prod publishes for this account, 5 in all.

TypeApplies toTermBandRateComparisonConditions
Variable--up to $1,9990.25%-paid every 1 mo
Variable--$10,000–$49,9990.35%-paid every 1 mo
Variable--$100,000+0.35%-paid every 1 mo
Variable--$2,000–$9,9990.25%-paid every 1 mo
Variable--$50,000–$99,9990.35%-paid every 1 mo

Fees

2 fees published, grouped by when they're charged.

When you make a transaction2

  • Eftpos Fee

    Up to 45 free transactions per month (maximum of 5 free Over the Counter transactions and 40 free EFTPOS transactions per month)

    $0.60
  • Over the Counter Fee

    Up to 45 free transactions per month (maximum of 5 free Over the Counter transactions and 40 free EFTPOS transactions per month)

    $2

Features

Digital banking
  • No monthly account keeping fee

Eligibility and limits

  • Opening balance $1
  •  The Student Account is available to school children 12 and over and tertiary students who are studying full time  Only available for private or domestic use and cannot be used for business purpose…

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.