An account designed for students who want easy access to their money and zero monthly account keeping fees.
We understand every dollar counts as a student.
Our student account has no monthly account keeping fees and no minimum monthly deposits.
Banking from class, home or on the go!
24/7 access with internet banking, abal.online and our mobile app, abal.mobile.
"Can I Tap?"
Tap & Go up to $200 with an abal banking Visa Debit Card.
Other Features:
- Minimum opening deposit A$1
- Interest paid on balances of A$2,000 and over
- Interest is calculated daily and paid monthly
- Statements are supplied quarterly
- Convenient access via ATM and EFTPOS, Internet Banking and over the counter service
- Maximum of 5 free Over the Counter transactions and unlimited free EFTPOS transactions per month
- Fee free Internet Banking transactions*
- Australian Government Guaranteed
Information on the Target Market Determination for this product can be found here.
* Fee free Internet Banking transactions are all personal Internet Banking transfers between your linked accounts, Transfer to Anyone and bill payments via BPAY®.
| Tier | Interest Rate |
|---|---|
| $0 - $1,999 | 0.25 |
| $2,000 - $9,999 | 0.25 |
| $10,000 - $49,999 | 0.50 |
| $50,000 - $99,999 | 0.50 |
| $100,000 + | 0.50 |
Note
- Interest paid monthly
- All rates are available on Australian Dollar deposits
- Rates subject to change without notice
- The issuer of this product is Arab Bank Australia Limited
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.