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Defence Bank savings accounts

Defence Bank savings accounts at a glance

As of 20 Sept 2026, Defence Bank has 3 savings accounts in our dataset. The highest advertised rate is 5.10% p.a. on Max E Saver (up to $1,000,000), which requires you to make at least 1 deposit each month and make no withdrawals during the month. The highest rate with no monthly conditions is 5.00% p.a. on Kids Club Savings. Rates were last verified on 20 Sept 2026 against the bank's official product pages.

Rates as of 20 Sept 2026
BankProductMax rateOngoing rateIntro offerTop rate applies toConditions
Defence BankMax E Saver5.10% p.a.5.10% p.a.—Up to $1,000,000Make at least 1 deposit each month. Make no withdrawals during the month.
Defence BankKids Club Savings5.00% p.a.5.00% p.a.—Any balanceNo monthly conditions.
Defence BankTeen Saver5.00% p.a.5.00% p.a.—Any balanceNo monthly conditions.

Max E Saver

Grow your savings each month without making any withdrawals to earn a total rate of 5.10% p.a. (0.10% standard variable + 5.00% bonus variable) on balances up to $1,000,000.

Last updated: 20 Sept 2026

Advertised rate
5.10% p.a.
On balances up to $1,000,000
Rate details
Ongoing rate
5.10% p.a.
Base rate
0.10% p.a.
Bonus rate
5.00% p.a.
Max rate when conditions are met
5.10% 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

Savings account for children offering a competitive variable rate of 5.00% p.a. with no monthly account-keeping fees.

Last updated: 20 Sept 2026

Advertised rate
5.00% p.a.
Rate details
Ongoing rate
5.00% p.a.
Any balance
5.00% 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

Savings account for teenagers offering 5.00% p.a. variable rate with no monthly account-keeping fees.

Last updated: 20 Sept 2026

Advertised rate
5.00% p.a.
Rate details
Ongoing rate
5.00% p.a.
Any balance
5.00% 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.