Arab Bank’s term deposits are a suitable choice for your short and long term investments. They have been voted Australia’s Best Term Deposit 7 years in a row (to 2004) by Personal Investor Magazine and continue to offer competitive interest rates calculated daily. You have the option of choosing your investment term from one month (30 days) up to 5 years.
Shopping around for higher interest rates? Compare term deposit rates by using our term deposit comparison tools.
Product Details
- Company
-
- Nominal Rate
- 4.9%
- Effective Rate
- 4.99%
- Payment Frequency
- At Maturity
- Maturity Alert
-
- Partial Withdrawal Penalty
- No
- Compounding Interest
- No
Product Features
Automatic rollover y
Whether your term deposit account will automatically roll over to a new account with the same term once it reaches maturity if you do not instruct otherwise
Partial withdrawal n
Partial withdrawal permitted: If this account allows customers to partially redraw on their account without being penalized.
Int paid via other institution n
Whether the interest dividend can be paid into an account held with another financial instituion
RateCity