Defence Bank Limited
iSaver
Defence Bank Limited · trans and savings accounts
Provider last updated this product 2026-07-08.
Go to provider
You'll complete your application on
Defence Bank Limited's website. Confirm the rate and fees with them
before applying.
An introductory bonus rate on new accounts for the first six months up to $250,000.
Deposit rates
| Type | Rate | Term | Calculated | Applies to | Conditions | Interest |
|---|---|---|---|---|---|---|
| VARIABLE | 0.50% | - | daily | - | Interest is calculated daily on the closing balance and credited on the last day of each month. | calculated daily, paid monthly |
| Interest is calculated daily on the closing balance and credited on the last day of each month. | ||||||
| BONUS | 5.25% | - | daily | - | Interest is calculated daily on the closing balance and credited on the last day of each month. | calculated daily, paid monthly |
| Interest is calculated daily on the closing balance and credited on the last day of each month. | ||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| BPAY | EVENT | $0 | We don't charge a fee for BPAY |
| Pay anyone using a BSB and account or PayID | EVENT | $0 | We don't charge a fee for Pay anyone using a BSB and account number or PAYID |
| Same day transfers (via Swift/RTGS) - Inward | EVENT | $6.80 | Charged when funds transferred via Swift/RTGS (same day). |
| Same day transfers (via Swift/RTGS) - Outward | EVENT | $11.80 | Charged when funds transferred via Swift/RTGS (same day). |
| Record search fee | EVENT | $50 | Charged where you request we search our records and retrieve documents. |
| Dormant fee | EVENT | $20 | This fee may be charged in certain circumstances when your membership is redeemed by us due to non-activity of more than 12 months. |
| Ultimate Package annual fee | PERIODIC | $96 | Package related to a home loan Ultimate Package. |
| Dishonours (if insufficient funds) | EVENT | $0 | We don't charge a fee for dishonours |
| EFTPOS transactions | EVENT | $0 | We don't charge a fee for EFTPOS transactions |
| PayTo | EVENT | $0 | We don't charge a fee for PayTo |
| Internal transfers between Defence Bank accounts | EVENT | $0 | We don't charge a fee for Internal transfers between Defence Bank accounts |
| Monthly account-keeping fee | PERIODIC | $0 | We don't charge a monthly account-keeping fee |
Rate history
The figures behind this chart
| From | Until | Rate |
|---|---|---|
| 2026-07-15 | 2026-09-30 (current) | 5.25% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
Who can apply
- otherOne iSaver per member, including Joint accounts. New accounts do not include funds previously invested with Defence Bank.
Limits
- max balance - 250000.00With its high bonus rate on new accounts for the first six months up to $250,000, our iSaver offers the highest savings rate at Defence Bank.
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-07-08T00:00:00.000+10:00 · Product ID: 117