Compare Defence Bank savings accounts
With Defence Bank you can save for that holiday or deposit you’re going to need a few years from now.
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Initially specialised to fill the financial needs of those in the Australian Defence Force, Defence Bank membership is now open to all Australians. From 40 branches all over Australia, you can find financing for a home, take care of your daily banking needs, and save for the future.
Defence Bank savings accounts, bank accounts and term deposits
Defence Bank savings accounts
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How we picked theseHow the Finder Score helps you find a better savings account
The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
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Defence Bank bank accounts
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Defence Bank term deposits
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How we picked theseFinder Score for term deposits
Finder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.
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What are the pros and cons of banking with Defence Bank?
Pros
- Online banking access
- Profits are reinvested to benefit members
Cons
- Smaller branch network may be inconvenient for in-person banking.
How to apply for a Defence Bank savings account
Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.
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