Arab Bank Australia was awarded 2019 ‘Bank of the Year’ in the Term Deposit category by leading comparison site, Canstar.
Canstar assesses the term deposit products of over 60 providers within a random 6 month period and determines the winner based on two primary factors, 1. Pricing and 2. Features.
An excerpt from the Canstar article:
Mr Sale said an analysis of the bank’s term deposit offerings showed it had been “extremely competitive”, offering 0.2 percentage points above the market average interest rate for the ratings period.
“Arab Bank’s average interest rate led the way in 8-13 month terms, during the Awards’ assessment period. Despite recent changes to its rates, Arab Bank is still offering rates around 10% higher than the average of other banks at the time we finalised our ratings,” he said.
We are thrilled to have been recognised in this category and look forward in continuing to provide quality products and services to our community of customers.
Considering investing in a term deposit? View our current rates on offer today.
Wednesday, 3 July 2019
