Personal Online Savings Account
Transaction & Savings AccountsData Sharing Status
An online savings account 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
- 4.95%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 4.95% | AMOUNT | monthly |
| Variable | 4.95% | AMOUNT | monthly |
| Variable | 4.85% | AMOUNT | monthly |
| Variable | 4.85% | AMOUNT | monthly |
| Variable | 4.85% | AMOUNT | monthly |
| Variable | 3% | AMOUNT | monthly |
| Variable | 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 |
Features
- High rate of interest paid on balances as low as $1
- No monthly account keeping or online transactional fees
- Digital banking
- 24/7 access to your money via our internet banking service abal.online, mobile app abal.mobile, ATMs and EFTPOS across Australia
- Interest calculated daily, and paid monthly.
- Receive regular statements.
- Card access — VDC
- Visa Debit payWave Card available with this account.
Eligibility
- Minimum opening deposit A$1 Individuals who are 18 years of age or over Must be Australian residents for tax purposes Successful completion of applicable Arab Bank Australia Limited (ABAL) identification check requirements.
Constraints
- Opening balance — $1.00
More Information
Published by Arab Bank Australia Limited under the Consumer Data Right · Last updated 6 April 2026 · Product ID POSA01 · View on CDR.gov.au