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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Defence Bank

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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

5 of 5 results
Updated regularly
Finder Score Maximum interest rate Base interest rate Max rate type & duration Monthly max rate conditions
Defence Bank logo
Finder score
9.6
Defence Bank Kids Club
Finder score
9.6
Maximum Variable Rate p.a.
4.25%
Standard Variable Rate p.a.
4.25%
Intro/Ongoing
Ongoing rate
(conditions apply)
Aged to 11
Available to Defence Bank kids aged 0 to 11 years.
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Defence Bank logo
Finder score
9
Defence Bank Max eSaver
Finder score
9
Maximum Variable Rate p.a.
4.40%
Standard Variable Rate p.a.
0.10%
Intro/Ongoing
Ongoing rate
(conditions apply)
Make a deposit
No withdrawals each month
Balance up to $1000,000
Max rate available on balances up to $1000,000.
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Defence Bank logo
Finder score
7.7
Defence Bank iSaver
Finder score
7.7
Maximum Variable Rate p.a.
4.40%
Standard Variable Rate p.a.
0.50%
Intro/Ongoing
6 month intro rate
Balance up to $250,000.
Max rate available on balances up to $250,000 .
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Defence Bank logo
Finder score
7.3
Defence Bank Retirement Savings Account
Finder score
7.3
Maximum Variable Rate p.a.
0.90%
Standard Variable Rate p.a.
0.90%
Intro/Ongoing
Ongoing rate
(conditions apply)
Max rate available on balances $10,000+
Max rate available on balances $10,000 and up.
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Defence Bank logo
Finder score
6.4
Defence Bank Retirement Savings Account
Finder score
6.4
Maximum Variable Rate p.a.
0.05%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing rate
(conditions apply)
Balance up to $9,999
Max rate available on balances $10,000 and up.
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How 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?

Read the full breakdown

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Defence Bank bank accounts

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Updated regularly
Finder Score Monthly fee Own network ATM fee International transaction fee International ATM Fee
Defence Bank logo
Finder score
6.5Standard
Defence Bank Everyday Access
Apple Pay Google Pay Samsung Pay Garmin Pay
Finder score
6.5Standard
Monthly fee
$0
Own network ATM fee
$0
International transaction fee
N/A
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Finder Score for bank accounts

We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.

Read the full methodology

Looking for a better bank account?

Compare everyday accounts and find one that works harder for you.

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Defence Bank term deposits

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Updated regularly
Finder Score 3 Mths p.a. 6 Mths p.a. 10 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Defence Bank logo
Finder Score
8.2 Great
Defence Bank Term Deposit
$1,000 min. deposit
$1,000,000 max. deposit
Finder Score
8.2 Great
3 Mths p.a.
3.35%
6 Mths p.a.
3.75%
10 Mths p.a.
3.75%
12 Mths p.a.
3.75%
24 Mths p.a.
3.75%
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Defence Bank logo
Finder Score
7.8 Great
Defence Bank Business Term Deposit
$2,000 min. deposit
$1,000,000 max. deposit
Finder Score
7.8 Great
3 Mths p.a.
3.35%
6 Mths p.a.
3.75%
10 Mths p.a.
-
12 Mths p.a.
3.75%
24 Mths p.a.
3.75%
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Defence Bank logo
Finder Score
8.3 Great
Defence Bank RSA Term Deposit
$10,000 min. deposit
Finder Score
8.3 Great
3 Mths p.a.
-
6 Mths p.a.
3.75%
10 Mths p.a.
-
12 Mths p.a.
3.75%
24 Mths p.a.
3.75%
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Finder 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.

Read the full methodology

Lock in a great rate

Compare term deposits to grow your savings with confidence.

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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.

Sources

Shirley Liu's headshot
Written by

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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