Defence Bank

Current savings accounts from this bank.

Max E Saver

Make at least one deposit and no withdrawals during the month to earn up to 4.40% p.a.

Advertised rate

4.65% p.a.

On balances up to $1,000,000

Open account

Rate details

Ongoing rate

4.65% p.a.

Base rate

0.10% p.a.

Bonus rate

4.55% p.a.

Max rate when conditions are met

4.65% p.a.

Bonus cap

$1,000,000

The bonus rate only applies up to the cap shown here.

How to get the best rate

Make at least 1 deposit each month.
Make no withdrawals during the month.

Who can open it

Conditions are assessed on a calendar-month basis.
Interest is credited on the last day of the month.

Kids Club Savings

Defence Bank's Kids Club account is available to Defence Bank members aged 0 to 11 years and can only be opened by a parent or legal guardian.

Advertised rate

4.50% p.a.

Open account

Rate details

Ongoing rate

4.50% p.a.

Any balance

4.50% p.a.

How to get the best rate

No monthly conditions.

Who can open it

Available up to age 11.
A parent or guardian is required under age 18.

Teen Saver

Defence Bank's Teen Saver is available to members aged 12 to 17 and the current product page shows a single 4.50% p.a.

Advertised rate

4.50% p.a.

Open account

Rate details

Ongoing rate

4.50% p.a.

Any balance

4.50% p.a.

How to get the best rate

No monthly conditions.

Who can open it

Available to ages 12 to 17.

Rates, eligibility and product terms can change. Check the bank's official page before opening an account.