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

Statement Account

An account with a convenient blend of access and convenience.

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*Rates are subject to change without Notice. All rates available are for Australian Dollar Deposits Only. For a list of fees and Charges visit our website arabbank.com.au.--up to $1,9990.25%-paid every 1 mo
Variable*Rates are subject to change without Notice. All rates available are for Australian Dollar Deposits Only. For a list of fees and Charges visit our website arabbank.com.au.--$10,000–$49,9990.35%-paid every 1 mo
Variable*Rates are subject to change without Notice. All rates available are for Australian Dollar Deposits Only. For a list of fees and Charges visit our website arabbank.com.au.--$100,000+0.35%-paid every 1 mo
Variable*Rates are subject to change without Notice. All rates available are for Australian Dollar Deposits Only. For a list of fees and Charges visit our website arabbank.com.au.--$2,000–$9,9990.25%-paid every 1 mo
Variable*Rates are subject to change without Notice. All rates available are for Australian Dollar Deposits Only. For a list of fees and Charges visit our website arabbank.com.au.--$50,000–$99,9990.35%-paid every 1 mo

Fees

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

When you make a transaction1

  • Over the Counter Fee

    It includes a maximum of 5 free Over the Counter transactions and unlimited free EFTPOS transactions per month. Over the Counter fee waived for those customers in receipt of a Government Concession c…

    $2

When particular things happen1

  • Monthly Account Keeping Fee

    Account keeping fee waived for those customers in receipt of a Government pension, and customers with student ID cards.

    $6

Features

Digital banking
  • Available in other selected currencies.
  • Statements are supplied quarterly.
  • Interest is calculated daily & paid monthly.
  • Interest paid on balances of $2,000 and over.
  • Minimum opening deposit $1

Eligibility and limits

  • Opening balance $1
  •  Any individuals, available only for private or domestic use and cannot be used for business purposes.  Minimum opening deposit AUD$1.  Successful completion of applicable Arab Bank Australia Limi…

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.