Arab Bank Savings Accounts

When it comes to securing your financial future, having some sort of savings account is vital. Regardless of how much interest the account is giving you, having a separate place to put your money, where there is no danger of it being spent is a very important part of anyone’s financial strategy.

When it comes to finding the right savings account for you there are many things to consider. How long do you want to put the money away for? Are you saving up for a large purchase? Are you simply saving for a rainy day?

These questions, along with other information, such as how much you can afford to save each month, will have an impact on the type of savings account you should choose. Arab Bank in Australia has an award winning range of savings accounts that are sure to match whatever requirements you may have. Let’s have a look at the three main saving accounts they offer.

The Arab Bank Fixed Rate Deposit

The fixed rate deposit account is ideal whether you are looking for a short or long term investment account. Your terms can be fixed for any period between just a month, and up to 5 years. Not only do you get very competitive rates of interest with this account, but the interest is also calculated Daily to give you that little bit more for your money.

Something that is very useful with this account is the facility to be able to pay a number of different currencies into the account, so now if you have travelled abroad and have a little foreign currency in your wallet you can simply drop it into your deposit account and see your savings grow.

Not only is this account popular with consumers but it also ranks highly with industry experts. In fact Personal Investor Magazine has voted this product the best term deposit account 7 years in a row.

The Cash Management Account

This account does require you to have a minimum starting balance of $1000, but after that let’s you keep the account as full or depleted as you choose. The rates are again always kept better than average, and as with their other savings accounts your interest is calculated daily and paid on your whole balance.

This account is linked to a debit card so you can get access to your money in an emergency, and you can even gain check access if you desire. There is an overdraft facility which gives this account the feel of a transaction account but with better rates for those that want to keep their money secure.

Online Savings Account

This is similar to the Cash Management account in that you can use it as a transaction account, although you will get rates associated with a savings product. Internet access is 24/7 so you have full connection with your accounts at any time. If you decide to pay a bill at 3am in the morning, you can.

There are no account running costs which keeps your fees right down, and you will be sent up to date statements so even if you can’t get online you will always know what’s going on with your money.

Arab Bank really does have a savings account for every type of saver.

Related Resources

• Arab Bank Term Deposit
  No matter what your saving goal, an Arab Bank term deposit savings account will provide you with the security to let your savings mature. Start an account today for as little as $5 000 and a set term anywhere from 1 month to 5 years to let your savings mature. Find out more about Arab Bank's competitive features.

Related Posts

• Arab Bank Online Savings Account
  An online savings account from Arab Bank Australia gives you access to your money 24 hours a day, and gives you great rates. Find out what else makes this one of the most attractive savings accounts available at the moment.