Defence Bank Limited
Term Deposit 10 month
Defence Bank Limited · term deposits
Provider last updated this product 2026-05-20.
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You'll complete your application on
Defence Bank Limited's website. Confirm the rate and fees with them
before applying.
Fixed Term Deposits start from as little as $1,000, and you can choose a range of terms that works for you between 30 days and 24 months.
Deposit rates
| Type | Rate | Term | Calculated | Applies to | Conditions | Interest |
|---|---|---|---|---|---|---|
| FIXED | 5.35% | 10 months | daily | - | Where terms exceed 12 months, interest is capitalised annually. Interest payable in respect of the last 12 months or part thereof is added to the balance at maturity. | calculated daily, paid P10M |
| Where terms exceed 12 months, interest is capitalised annually. Interest payable in respect of the last 12 months or part thereof is added to the balance at maturity. | ||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Early Withdrawal Penalty | EXIT | $30 | Early withdrawal may incurr a partial loss of interest accrued depending on the Term remaining at the time of ealry withdrawal. |
Rate history
The figures behind this chart
| From | Until | Rate |
|---|---|---|
| 2026-07-15 | 2026-08-24 | 5.55% |
| 2026-08-28 | 2026-09-30 (current) | 5.35% |
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
- Fixed rate for the life of the Term.
Who can apply
- natural person - The Member must be a natural person rather than another legal entityIndividuals and Joint accounts only.
Limits
- min balance - 1000.00The Member must be a natural person rather than another legal entity
- max balance - 1000000.00All term deposit rates are for amounts up to $1million. For larger amounts please contact us to discuss your options.
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: 2026-05-20T00:00:00.000+10:00 · Product ID: 290