Child Savings Account

Save for a brighter future

Start saving early for your children and secure their future.

  • • Flexibility on your savings: OAB’s Child savings plan can help you decide how much you can afford to save for your child each month starting from as low as RO 10 to a maximum of RO 5,000. You can amend the monthly deposit anytime without any charges.
  • • High Interest Rate*: Your child will benefit from a competitive interest rate of 2.25% per annum on the monthly deposit balance.
  • • Free Life Insurance: With OAB you can rest assured that your monthly payments into your children’s accounts will continue under the complimentary life insurance scheme, which covers up to OMR 50,000 in case of any unforeseen incidents that may occur to the parent.
  • • Hassle Free Savings Plan: You can easily set up a monthly debit instruction -free of charge- once you open the account, which will automatically debit your main account and transfer the specified amount to your Child’s savings account for the duration of the plan. When your child turns 18, the savings will automatically be transferred to a Youth Savings Account in your child’s name.

*The interest rate is subject to change as per market conditions. Terms & Conditions apply

Current Account

Day to day transaction with cheque book facility

Your current account is packaged with a range of benefits:

  • Access to your money at all times with OAB debit card – Instantly issued in select branches.
  • Free 24 hours cash withdrawal and deposit from over 130 ATMs across Oman and over a million globally. OAB debit card can also be used at over 30 million merchant locations worldwide.
  • Cheque book facility
  • Multiple currency options
  • Free SMS banking
  • Free eStatements and eAdvices
  • “Fil Khidma” Call Center available 24 hours a day.
  • Utility bills payment through our ATMs, call center, OAB Online application and branches.

At the time of account opening you will receive a welcome kit, with all the information you need to start your banking experience with us.

Fixed Deposit Account

Invest your money with the certainty of a fixed interest rate and a choice of terms.

Earn guaranteed returns with your fixed deposit, offering flexible tenors and interest payment options:

  • Open your account at any of our 50 conveniently located branches across the Sultanate
  • Deposits can be fixed for 1 month, 3 months, 6 months, 1 year up to 5 years.
  • You can receive interest at end of term, semi-annually or annually.
  • Multiple currency options.
  • eStatements and eAdvices
  • “Fil Khidma” Call Center available 24 hours a day.

At the time of account opening you will receive a welcome kit, with all the information you need to start your banking experience with us.

Growth Account

Grow and protect your savings with an interest paying transactional account

Now you can enjoy receiving monthly interest payments on your transactional account and watch your deposit grow and protect it at the same time.

  • Open your account at any of our 50 conveniently located branches across the Sultanate
  • High interest rates paid on monthly basis
  • Access to your money at all times with OAB debit card – Instantly issued in select branches.
  • Free 24 hours cash withdrawal and deposit from over 150 ATMs across Oman and over a million globally. OAB debit card can also be used at over 30 million merchant locations worldwide.
  • SMS banking
  • eStatements and eAdvices
  • “Fil Khidma” Call Center available 24 hours a day.
  • Utility bills payment through our ATMs, call center, OAB Online application and branches.

Hasaad Savers

No access savings account
The best alternative to help you manage your saving goals.

Hasaad Savers account features are as follows:

  • Entry into the Hasaad Savings Scheme
  • We help you achieve your saving goals for your family
  • No access to debit card

Youth Account

The fun way to bank!
Designed specifically for graduate students, the account is available for anyone between the ages of 18 to 27 years old.

If your between the ages of 18-27 years old your eligible to enjoy the benefits of OAB Youth account:

  • Enjoy free internet data of up to 24GBs annually to Omantel customers by simply saving a monthly minimum balance in your youth account
  • Vibrant design Youth Visa Debit Card
  • No minimum balance charges
  • Special offers and discounts for Youth card holders
  • 50% discount* on VOX cinema tickets. For details, please visit: https://oman.voxcinemas.com/ticket-offer/oman-arab-bank
  • Buy one get on free on Cinepolis cinema tickets. For more information, please visit: https://oman.cinepolisgulf.com/promotion/64
  • Exclusive complimentary ‘ The Entertainer ‘ app subscription for 12-month access for new joiners

*T&C

Friends of OAB

More friends. More rewards.

Signing up to OAB is now even more exciting!

More friends. More rewards.

Signing up to OAB is now even more exciting!

Join our referral programme and have a friend or a family member open an account with OAB and you will receive reward points via the OAB Online App.

As a customer referring a friend or a family member, you will receive points worth 1% of your friend’s or family’s deposit amount.

Here’s an example of how much you can expect to receive:
For an OMR 1,000 deposit, you will earn 1428 points (equivalent to RO 10)
For an OMR 2,543 deposit, you will earn 3632 points (equivalent to RO 25)
For 10 referrals of OMR 1,000 deposit each, you will earn up to OMR 100.

The deposit amount should be present within the new customer’s account for a month for points to be awarded.

What are you waiting for? Refer today!

T&C Apply

Saving Basket

Saving Basket.

Get high returns on your fixed deposit and receive a guaranteed interest rate up to 5.75% as yearly profit.

70% of the deposited amount will be automatically invested as a fixed deposit at your choice of duration as below:

One year Two years Three years
5.5% p.a. 5.6% p.a. 5.75% p.a.

The remaining 30% will be deposited as cash margin amount.

With a complementary:

  • Elite Credit Card with a maximum limit of OMR 20,000.
  • Overdraft facility with a limit up to OMR 50,000.

Start enjoying your yearly profits today with the OAB Savings Basket

Visit your nearest branch to apply.

T&C Apply