Arab Bank Australia Fixed Term Deposit

Headline interest rate
-

Monthly fee
-

Account type
Term deposit

Moneybuddy says

Arab Bank's Fixed Term Deposit offers a fairly good interest rate for balances over $2,000. With an interest rate lower than most high interest savings accounts for balances under $2,000, however, Arab Bank's term deposit is not recommended for smaller investments, and it really comes into its own with higher investments over a longer period. Another nice touch is the availability of term deposit lengths of up to 5 years.

The Basics

Interest paid Annually

Interest calculated Daily

Headline interest rate -

Monthly fee -

Account type Term deposit

The cool stuff: features

ATM access -

EFTPOS access -

Branch access -

Internet Banking -

Age restrictions -

Cheque book facility -

Debit card -

BPAY -

GiroPost -

Phone access -

The Facts & Figures

Balance less than $1k -

Balance less than $5k -

Balance less than $25k -

Balance greater than $100k -

Min. balance -

Min. opening deposit -

Number of free elect transactions per month -

The ugly stuff: fees

Other bank ATM fee -

EFTPOS transaction fee -

Branch assistance fee -

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.

Arab Bank Australia says

Your best choice in short and long term investment.

Key features

Voted by Personal Investor Magazine as Australia's Best Term Deposit 7 years in a row - 1998 to 2004
Money Magazine awarded our 90 day Term Deposit "Best of the Best" in 2002 2004 & 2005 (on $5000)
Our 180 day Term Deposit was awarded "Best of the Best" in 2003 and 2nd place in 2005 (on $5000)
Highly competitive interest rates paid
Interest calculated daily
Terms available from one month to five years
Deposits can be made in Australian Dollars and other selected currencies
Automatic rollover available
Arab Bank Australia will automatically increase your deposit rate if our interest rates rise within seven days of making your deposit
For Term Deposits of less than $500 000 at the Bank's standard published rates may change the term or amount of their deposit up to and including the seventh calendar day after lodgment of the deposit without incurring any Bank fees for such change
No Minimum opening deposit
Interest is paid at maturity or opt for yearly interest payments if term is 2 years or more
Choice of interest payments credited to a nominated transaction account collected by cash/bank cheque from your branch or compounded to your term deposit
Term Deposit certificate to watch your savings grow
Fee free Internet Banking transactions