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Government Guarantee Certificates |
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Arab Bank Australia is covered by the Government Guarantee. What this means to you as a customer of Arab Bank Australia is that if you decide to place funds with the Bank your deposit up to $1M is automatically guaranteed by the Government. If you would like to place more than $1M on deposit with the Bank than you can opt to have the excess amount over $1M guaranteed but you will need to pay a fee of 1% p.a. on the excess to do this. If you are thinking of placing more than $1M on deposit with Arab Bank Australia and you would like to know more about the fee involved please contact us and one of our Relationship Managers will be happy to answer your questions.
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