Business Online Savings Account
Transaction & Savings AccountsData Sharing Status
An online savings account for businesses that provides a high rate of return and has the convenience of a regular transaction account online at your fingertips at any time.
- Base rate
- 3.2%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0.75% | AMOUNT | monthly |
| Variable | 0.75% | AMOUNT | monthly |
| Variable | 3.2% | AMOUNT | monthly |
| Variable | 0.45% | AMOUNT | monthly |
| Variable | 0.3% | AMOUNT | monthly |
| Variable | 0.3% | AMOUNT | monthly |
| Variable | 0.3% | AMOUNT | monthly |
| Variable |
Fees
| Fee | Type | Amount |
|---|---|---|
| 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. | Transaction | |
| EFTPOS FEE This fee is per transaction and applies to all transactions through terminals, internet and by telephone. | Transaction | |
| Direct Debit Fee | Transaction | |
| BPAY | Transaction |
Features
- High rate of interest paid on balances as low as $1.
- No monthly account keeping fees.
- Digital banking
- Funds available 24 hours a day, 7 days a week through internet banking, abal online.
- Card access — Visa Debit payWave Card available with this account.
- Interest calculated daily, and paid monthly.
- Receive regular statements.
- Digital banking
- Check your balance at any time via our mobile app, abal.mobile
- For the serious saver an online savings account is ideal for managing your money in one place knowing you have access to your money whenever you need it.
Eligibility
- For information on the eligibility criteria, please contact our Customer Service. Contact details are found on the following link:
Constraints
- Opening balance — $1.00
More Information
Published by Arab Bank Australia Limited under the Consumer Data Right · Last updated 10 September 2025 · Product ID BOSA01 · View on CDR.gov.au