Arab Bank Australia Statement (Student) Account
transaction accountage limitedlinked accountstale
Statement (Student) 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 with a Visa Debit payWave Card
- app
- yes
- transactions
- 5 free a month
Other features, in the bank's words:
- No monthly account keeping fee
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
- age limited
- open only to people of certain ages (kids, youth or seniors accounts)
- linked account
- a linked or nominated transaction account is required
Who can open it, in the bank's own words:
- The Student Account is available to school children 12 and over and tertiary students who are studying full time Only available for private or domestic use and cannot be used for business purposes. Successful completion of applicable Arab Bank Australia Limited (ABAL) identification check requirements.
About this account
A low fee transactional account, with no monthly account keeping fee, for eligible students.
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 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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