An online savings account that delivers a strong return while offering the ease and flexibility of a regular transaction account, all with no online transactional fees.
For the serious saver, an online savings account helps build consistent saving habits and keeps your money organised in one convenient place knowing you have access to your money whenever you need it.
Personal Online Savings Account
Product Features:
- No monthly account keeping or online transactional fees
- Interest calculated daily and paid monthly
- 24/7 access to your money via our internet banking service abal.online, mobile app abal.mobile, ATMs and EFTPOS across Australia
- Link a Visa Debit payWave Card to your account and have access to your funds Worldwide
- Grow your savings faster by having your salary, dividends or other income paid directly into your account
- Manage your account on the go via our abal.mobile app
- Receive regular statements: You can opt to receive e-statements, view and download your statements via our internet banking service abal.online and our mobile app abal.mobile
- Branch access available (over the counter fees apply; view our account fees & charges)
- Australian Government Guaranteed
Information on the Target Market Determination for this product can be found here and our Product Disclosure Statement is available to view here.
| Tier | Interest Rate |
|---|---|
| $0 - $1,999 | 3.00 |
| $2,000 - $2,999 | 3.00 |
| $3,000 - $4,999 | 3.00 |
| $5,000 - $9,999 | 3.00 |
| $10,000 - $19,999 | 3.00 |
| $20,000 - $49,999 | 3.00 |
| $50,000 - $99,999 | 4.35 |
| $100,000 - $249,999 | 4.45 |
| $250,000 - $499,999 | 4.45 |
| $500,000 - $999,999 | 4.45 |
| $1,000,000 + | 0.90 |
Click the link 'About abal.apply' to learn more about how you can start the process of applying for a Personal Online Savings Account today.
Note
- All rates are available on Australian Dollar deposits
- The issuer of this product is Arab Bank Australia Limited
- Rates subject to change without notice
This calculator provides an indication of the approximate amount that will need to be regularly put aside to reach your savings goal. Simply enter your savings goal, the term within which you wish to reach your goal, an annual interest rate, and how often you will put aside funds. Then press the 'Calculate' button to see how much you need to put aside.
This calculator provides an indication of how much you can save by regularly putting aside and depositing funds. Simply enter how much you already have saved (initial deposit), an annual interest rate, how often you will put aside funds (deposit frequency), how much you will regularly put aside and for how long, then press the 'Calculate' button.
Whilst every effort is taken to ensure that rates are up to date, Arab Bank Australia takes no responsibility for errors herein.