Arab Bank Australia Statement Account
transaction accountstale
Statement Account is a transaction account from Arab Bank Australia. At $50,000 it pays 0.35% p.a. with no bonus conditions.
Not ranked: a transaction (everyday) account, not a savings account.
Rate tiers
Every balance band in the bank's feed: base is the rate the bank pays.
| Balance | Base |
|---|---|
| $0 – $9,999 | 0.25% |
| $10,000+ | 0.35% |
Each rate is paid on the whole balance: the balance falls into one band and earns that band's rate.
The feed states a minimum balance of $1.
Conditions
- not updated by the bank since 2026-08-20, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
Features
- card
- Access funds available with a Visa Debit payWave Card.
- app
- yes
- transactions
- 5 free a month
- joint accounts
- yes
Other features, in the bank's words:
- 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
Fees, limits and who can open it
- monthly fee
- no monthly fee stated
- minimum balance
- $1
- interest paid
- monthly
- interest calculated
- daily
- open to
- personal and business customers
Who can open it, in the bank's own words:
- 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 Limited (ABAL) identification check requirements. For Visa Debit Cards: Customers must be over the age of 16 and have an Australian residential address. Customers under 18 years of age but over 16 years of age must have a parent/guardian as a joint account holder to obtain a Visa Debit Card.
About this account
An account with a convenient blend of access and convenience.
Data
- Arab Bank Australia's own page for this account.
- Our verbatim snapshot of the bank's product record (source), as fetched on 22 October 2026.
/au/finance/savings-accounts/v1/brands/arab-bank-australia-limited.json: this bank's accounts and every balance band as JSON; Arab Bank Australia's page lists them.- The bank last updated this record on 20 August 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.
Other accounts at Arab Bank Australia
- Business Online Savings Accountstale savings account, 0.30% base at $50,000
- Personal Online Savings Account savings account, 4.85% base at $50,000
- Cash Management Accountstale cash management account, 0.25% base at $50,000
- Statement (Student) Accountstale transaction account, 0.35% base at $50,000
All of Arab Bank Australia's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.
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