Savings account vs term deposit
Arab Bank Personal Online Savings Account vs term deposit
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Interest over 1 year on $50,000
$1,500
3.00% a year
$2,250
4.50% a year · paid at maturity
Over 1 year on $50,000, Arab Bank Personal Online Savings Account pays $1,500; Arab Bank's 12-month term deposit pays $2,250.
Worked out on $50,000 until you pick a balance
Arab BankPersonal Online Savings Account
Arab BankTerm deposit
Figure by figure
Interest over 1 year
on $50,000
$1,500
nothing to do each month
$2,250
paid at maturity
+$750 · More interest over the term
Rate over the term
a year, on $50,000
3.00%
4.50%
fixed for the term
+1.50 · Higher rate over the term
Asked of you each month
Nothing
Nothing
the money stays put
Getting the money out
Any time
no notice needed
Locked for 1 year
31 days’ notice to break it early, usually at a lower rate
Can the rate change?
Yes, at any time
the bank sets it
No
fixed for 1 year
Minimum to open
None
None
up to $499,999
The same on both
Nothing to compare in these: both say the same.
- AnyoneWho can open it
How they differ
- A savings rate can change at any time. Arab Bank Personal Online Savings Account's figure holds today's rate for 1 year.
- A term deposit's rate is fixed for the term, but the money is locked in: breaking it early needs 31 days' notice and usually costs some of the interest.
- Both are covered by the Financial Claims Scheme, up to $250,000 per person at each bank. Money in both at Arab Bank shares that one $250,000.
Arab Bank Fixed Term Deposit - Personal at every term
The rate the balance above gets at each term, and the interest it pays over that term.
1 monthPaid at maturity2.25%$94
2 monthsPaid at maturity2.25%$188
4 monthsPaid at maturity3.80%$633
5 monthsPaid at maturity3.80%$792
9 monthsPaid at maturity4.50%$1,688
1 yearPaid at maturity4.50%$2,250
3 yearsPaid at maturity3.30%$4,950
4 yearsPaid at maturity3.30%$6,600
5 yearsPaid at maturity3.20%$8,000
As of 1 November 2026, over 1 year on $50,000, Arab Bank Personal Online Savings Account pays $1,500 with nothing to do each month; Arab Bank's 12-month term deposit pays $2,250 at 4.50%. Figures are the bank's published rates, worked out on the balance above as simple interest. Each row says which figure is higher; it doesn't say which one suits you.