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Compare Australian Military Bank savings accounts

No matter what stage of your career, Australian Military Bank could have the right savings products to help see you through it.

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Australian Military Bank

Australia’s Defence Personnel and their families can bank with confidence with Australian Military Bank. In service since 1959, this member owned financial institution provides an array of products that charge low fees but pay competitive interest rates. Plus with a team of mobile bankers available across the country, you can set up your accounts over tea and biscuits.

Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Australian Military Bank Online Saver
Australian Military Bank logo
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
0.10%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Australian Military Bank DIY Super Saver Account
Australian Military Bank logo
Maximum Variable Rate p.a.
4.15%
Standard Variable Rate p.a.
4.15%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Australian Military Bank Christmas Club
Australian Military Bank logo
Maximum Variable Rate p.a.
0.25%
Standard Variable Rate p.a.
0.25%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Australian Military Bank Junior Saver Account
Australian Military Bank logo
Maximum Variable Rate p.a.
0.25%
Standard Variable Rate p.a.
0.25%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Australian Military Bank Pension Access Account
Australian Military Bank logo
Maximum Variable Rate p.a.
0.80%
Standard Variable Rate p.a.
0.80%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Australian Military Bank Capital Guaranteed Pension
Australian Military Bank logo
Maximum Variable Rate p.a.
0.25%
Standard Variable Rate p.a.
0.25%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
Australian Military Bank Capital Guaranteed Super - Variable Rate Investment Option
Australian Military Bank logo
Maximum Variable Rate p.a.
0.25%
Standard Variable Rate p.a.
0.25%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
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Showing 7 of 7 results
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
Australian Military Bank Military Rewards Account
Australian Military Bank logo
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$4
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Earn 1% cashback on tap and go purchases under $100, up to the value of $25 a month
Australian Military Bank Access Account
Australian Military Bank logo
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Australian Military Bank Recruit Salary Saver Account
Australian Military Bank logo
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Australian Military Bank Mess Account
Australian Military Bank logo
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Australian Military Bank Access Savings Account
Australian Mutual Bank logo
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
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Showing 5 of 5 results
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 11 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Australian Military Bank Investment Plus
Australian Military Bank logo
$1,000 min. deposit
3 Mths p.a.
3.50%
4 Mths p.a.
4.90%
5 Mths p.a.
4.90%
6 Mths p.a.
4.80%
7 Mths p.a.
4.70%
11 Mths p.a.
-
12 Mths p.a.
4.80%
24 Mths p.a.
3.95%
More Info
Australian Military Bank Income Plus
Australian Military Bank logo
$1,000 min. deposit
3 Mths p.a.
3.50%
4 Mths p.a.
4.80%
5 Mths p.a.
4.80%
6 Mths p.a.
4.70%
7 Mths p.a.
4.60%
11 Mths p.a.
-
12 Mths p.a.
4.70%
24 Mths p.a.
-
More Info
Australian Military Bank Teen Plus Term Deposit
Australian Military Bank logo
$500 min. deposit
3 Mths p.a.
3.50%
4 Mths p.a.
4.90%
5 Mths p.a.
4.90%
6 Mths p.a.
4.80%
7 Mths p.a.
4.70%
11 Mths p.a.
-
12 Mths p.a.
4.80%
24 Mths p.a.
3.95%
More Info
Australian Military Bank Capital Guaranteed Super - Fixed Term Investment Option
Australian Military Bank logo
$6,000 min. deposit
3 Mths p.a.
-
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
-
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.80%
24 Mths p.a.
3.95%
Australian Military Bank Capital Guaranteed Pension - Fixed Term Investment Option
Australian Military Bank logo
$50,000 min. deposit
3 Mths p.a.
-
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
-
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.80%
24 Mths p.a.
3.95%
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Showing 5 of 5 results
1 - 12 of 185
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Rabobank High Interest Savings Account
Rabobank logo
Maximum Variable Rate p.a.
5.75%
Standard Variable Rate p.a.
4.35%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
Earn a high interest rate of 5.75% for the first 4 months and then 4.35% thereafter, with $0 account keeping fees and no monthly balance requirements.
Ubank High Interest Save Account
Ubank logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • Savings up to $100,000
Go to siteView details
Rabobank High Interest Savings Account
Rabobank logo
Maximum Variable Rate p.a.
5.75%
Standard Variable Rate p.a.
4.35%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Ideal for higher balances, savers can earn up to 5.4% for the first 4 months and up to 4.7% thereafter. There are no conditions and $0 account-keeping fees.
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Suncorp Bank Growth Saver Account
Suncorp Bank logo
Maximum Variable Rate p.a.
5.05%
Standard Variable Rate p.a.
0.35%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance by $200 each month (excl. interest)
  • Only 1 withdrawal
  • No balance limit on earning interest
Go to siteView details
ING Savings Maximiser
ING logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
  • Balances up to $100,000
Go to siteView details
Get 6 months free delivery and $50 Menulog credit with a new Orange Everyday & Savings Maximiser account. New ING customers only. Use code INGMENU1 and activate accounts by 24 Nov 2024. T&Cs apply.
Newcastle Permanent Smart Saver Account - Under 25s
Newcastle Permanent logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance
  • No more than 2 withdrawals
Go to siteView details
Macquarie Savings Account
Macquarie Bank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
4.75%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
Newcastle Permanent Smart Saver Account
Newcastle Permanent logo
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance
  • No more than 2 withdrawals
Go to siteView details
First Option Bank Savings+Bonus Account
First Option Bank logo
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $100
  • No withdrawals
  • Balances up to $249,999
Go to siteView details
Newcastle Permanent Online Savings Account
Newcastle Permanent logo
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
1.00%
Intro/Ongoing
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
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Showing 12 of 12 results
Finder Awards badge

Congratulations, Australian Military Bank!

Australian Military Bank Investment Plus received the highly commended award for 'Term Deposit (12 months)' in the 2024 Banking Product Awards.

Full list of 2024 winners

Who is Australian Military Bank (ADCU)?

When you choose Australian Military Bank, you are giving your money the chance to grow along with your career. From special accounts for new recruits to transact from, to high interest saving products that build your retirement funds, each stage is covered. You will find that interest rates are competitive with larger banks, while monthly and transaction fees are kept at a minimum.

What’s internet banking like for Australian Military Bank?

Australian Military Bank offers members a number of ways to access their accounts, including a comprehensive online banking facility. They have also added a mobile app which can be downloaded from the Google Play Store or the App Store. By implementing the latest in online banking and mobile payment technology, both provide you with a secure and convenient way to bank from anywhere in the world.

Once you have set up you online banking platform with Australian Military Bank you can begin making a number of transactions from your mobile device or personal computer using an array of features.

Notable features include:

  • View your account balances
  • Register a debit or credit card lost or stolen
  • Pay your bills using BPAY
  • Retrieve a transaction history
  • Find an ATM or branch
  • Make payments use Pay Anyone
  • Make transfers between your accounts
  • Use the Tap and Pay function for purchases under $100 with the app downloaded on your Android device

What about the mobile app?

Image Source: App Store
Login PagePrimary AccountDashboard
login-pagepayidservice-requests
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What transaction accounts are offered by Australian Military Bank?

  • Military Rewards Account. Get 2% back on your purchases made using Visa payWave with this rewards transaction account. You can also avoid any monthly service fee by meeting a minimum deposit amount each month.
  • Access Account. A no-frills and no fees everyday account that allows for unlimited electronic transactions with no minimum balance requirement. You can also choose a linked Visa debit card to help in making your daily purchases and cash withdrawals.
  • Recruit Salary Saver Account. Especially designed for new Defence Force recruits, this everyday account also pays you interest on your balance each month at a competitive rate. Your monthly service fee can be waived by meeting a minimum deposit requirement and you can take advantage of a number of transaction methods free of charge.
  • Pension Access Account. For service members who have reached the age of 55 and claiming a government pension, this account pays tiered interest on your balance.
  • Mess Account. An easy to manage business oriented account meant for messes, military canteens and Defence related clubs that need a secure way to accept and make payments.

What high interest savings accounts are offered by Australian Military Bank?

      • Online Saver. An exclusively online savings account, you can earn bonus interest in addition to the base rate by maintaining a minimum balance without making any withdrawals.
      • DIY Super Saver Account. Specially designed to help you manage your DIY Super, your investment money can still earn a competitive interest rate while you wait for a new opportunity to come up. Access is limited to online and branch banking.
      • Christmas Club. Save a portion of your salary throughout the entire year to take the stress out of holiday shopping. Your Christmas spending money will even get a boost with the earned interest that is added to the account when the funds become available in November.
      • Junior Saver. Designed for kids under the age of 17, this account is free of any fees and pays a competitive interest rate on the entire balance. Interest is calculated daily, and will be paid into the account quarterly so that kids can earn a little more from compound interest.

      What term deposits are offered by Australian Military Bank?

      • Investment Plus. By investing a minimum of $1,000 you can take advantage of a guaranteed return from fixed interest rate. You choose the length of time to lock your money into the account, and receive your interest payments once a year and at maturity.
      • Income Plus. For a slightly lower interest rate you can get all of the same benefits and features of a fixed rate term deposit, except use the earned interest as a form of income with payments made into a nominated account once a month.
      • Teen Plus Term Deposit. Kids can earn interest at a higher rate as you, with a deposit that can be as low as $500 to start building towards their future.
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      What are the pros and cons of banking with Australian Military Bank?

      Pros

      • Monthly fees. With Australian Military Bank you are given many opportunities to bank and save without having to pay a monthly fee.
      • Banking app. The secure banking app offered by Australian Military Bank provides you with a on the go ease in your everyday transactions.
      • Mobile bankers. While branch access may be limited, you can still speak face to face with a mobile banker who will travel to you.
      • Visa debit card. With access to a Visa debit card you are able to make withdrawals and purchases wherever Visa is accepted.

      Cons

      • Limited accessibility. This credit union is employment specific, catering to the needs of those in the Australian Defence Force.
      • Minimum balance requirements. With a number of accounts you are required to maintain a minimum balance in order to receive all of the benefits.
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      How do I apply for an Australian Military Bank account?

      Even if you are not yet a member of the Australian Military Bank you can become one as you fill out an online application for one of their accounts. The minimum age required to complete an online application is 18, and you must be a citizen or permanent resident of Australia. This holds true for both applicants if you are opening a joint account. When applying you are going to need your current driver’s licence, Medicare card and your tax file number. Once completed and submitted, the details will be sent to the Direct Service Team who will provide you with a reference number if you have any questions.

      Compare other products from Australian Military Bank

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Publisher

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs. See full bio

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