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Arab Bank Palestine review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Arab Bank Palestine runs a fixed-rate term deposit for savers in Palestine who can start at ILS 24,000. Booking runs 1 to 12 through the Arabi Mobile app, the interest lands in the account when the term ends, and the balance is set at a known rate throughout.

Key facts

Best for
Savers in Palestine with a lump sum who want a known return on a short, app-booked term.
Headline rate
0.5% to 0.6%↗
Rate type
Fixed↗
Term
1 to 12 months↗
Minimum deposit
₪24,000↗
Access terms
Booked through the Arabi Mobile app; interest received in the account at maturity or the deposit automatically re-booked with interest.↗
Account kind
Fixed↗
Legal entity
Arab Bank Palestine↗
Headquarters
Palestine↗
Founded
1930↗
Support channels
Phone, Chat, Help-centre↗
Pricing model
Fixed rate
Official website
arabbank.ps

Loans

APR
14%↗
Loan amount
up to $100,000↗
Arrangement fee
1% average collected commission rate on loans↗
Lender type
Direct lender↗
Eligibility
Residents need a valid national ID; non-residents a valid passport with a valid resident visa↗
Origination fee (%)
1%↗
Loan types
Personal↗

Personal insurance

Premium from
JOD 3.50↗
Insurance types
Auto, Travel, Life↗
Provider type
Broker↗
Monthly payments
Yes↗
Cover limit
50,000 JD↗
Claims channels
Branch, Phone↗
Age range
18-65 years↗

Mortgages

Initial rate
14%↗
Fixed period
25 years↗
Maximum loan to value
85%↗
Purpose
Purchase, Home-equity↗

Facts checked September 26, 2026, 10 sources

Apps and profiles

Elsewhere
LinkedInXinstagram.com

Pros and cons

Pros

  • Interest is credited to the account when the term ends, or the balance rolls into a new term with that interest, so it renews on its own.
  • Terms run 1 to 12, short enough to place a known sum and take it back inside the year.
  • Support runs on phone, chat and help centre, and insurance claims go through a branch or by phone.

Cons

  • The minimum deposit of ILS 24,000 is high, so a small saver is ruled out.
  • Money sits in a fixed account for at most 1 to 12, so anything needing a longer lock has to look elsewhere.
  • The headline rate of 0.5% to 0.6% sits well below Wise at 3.29% and bunq at 3.01% on balances that stay available.
Arab Bank Palestine

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Scored 8.9 / 10 by SumCue.

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Who it suits

  • Savers in Palestine who can place ILS 24,000 and leave it untouched until the term ends.
  • Applicants living in the country with a national ID, and those from abroad with a passport and a current resident visa.
  • Customers happy to book and roll over in the Arabi Mobile app, since deposits and the maturity payout both run there.

Who should look elsewhere

  • Anyone needing instant access: bunq pays 3.01% on a balance that stays spendable.
  • Wise users after a bigger return, since Wise pays 3.29% with no term to serve.
  • Finteres users chasing the top of the range, where Finteres lists 0% to 36% against 0.5% to 0.6% here.

Rates and terms

The rate type is fixed, so the headline rate of 0.5% to 0.6% holds across the whole booking instead of moving with the market. Terms run 1 to 12, which gives a spread of windows rather than a single notice period. For context, the same bank lends at an APR of 14%, a rate that sits well above what the deposit pays.

Who runs it

The provider is Arab Bank Palestine, a bank headquartered in Palestine and founded in 1930, so deposits sit with a long established institution rather than a recent entrant. Support runs on phone, chat and help centre: phone, chat and a help centre, which covers written and spoken help from the same bank that holds the deposit.

How Arab Bank Palestine compares

Where Arab Bank Palestine is available

Available
Palestine

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does the term deposit pay?+

The rate type is fixed and the headline rate is 0.5% to 0.6%, so the return holds for the whole period booked. The same bank lends at an APR of 14%, well above what the deposit pays, which confirms this is a savings product rather than an investment.

How much do I need to put in?+

The minimum deposit is ILS 24,000, a sizeable opening balance for a household starting small. Anyone wanting to try the product with less should look at a provider whose entry point sits lower, and Finteres, for example, lists 0% to 36% on its own terms.

How long do I have to leave the money in?+

Terms run 1 to 12, so the shortest book runs for a month and the longest runs the full year. Nothing here stretches beyond a year, which makes it a parking spot for a known sum. If the money may be needed earlier, a balance that pays as it goes, such as bunq at 3.01%, suits better.

How do I open and manage the deposit?+

You place the deposit in the Arabi Mobile app rather than at a branch. When the term ends the interest lands in the account, or the balance is placed into a new term with that interest added, so it renews on its own. Support runs on phone, chat and help centre if anything needs checking.

Who can open an account?+

Applicants living in the country open with a national ID, while anyone approaching from abroad needs a passport and a resident visa that is still valid. The bank therefore takes on customers from outside the country as long as the visa has not lapsed. Support on phone, chat and help centre can confirm which papers an application takes.

Does the bank offer anything beyond savings?+

Yes. Alongside the deposit there are personal loans of up to $100,000 at an APR of 14%, with a commission rate of 1% collected on the loan. Housing finance runs to a loan to value of 85% over 25, covering home purchases and borrowing against a property already owned.

Does the bank sell insurance as well?+

It acts as a broker rather than the insurer. Cover spans auto, travel and life policies, with premiums from JOD 3.50 and a cover limit of 50,000 JD on the insurance plus programme. Claims run through a branch or by phone, and the programme is open to adults within 18-65 years.

Sources

Compiled from 10 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Deposit protection.

Arab Bank Palestine

Arab Bank Palestine

Savers in Palestine with a lump sum who want a known return on a short, app-booked term.

8.9/10See alternatives