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Defence Bank

Every product Defence Bank publishes under the Consumer Data Right, with its rates set beside every other bank's. It last changed one on 27 Oct 2026.

  • Deposits are covered by the government's Financial Claims Scheme up to $250,000 per account holder. Who shares a cap
  • Australian credit licence and AFS licence 234582, held by Defence Bank Limited; credit licence since 15 December 2010. Complaints it can't resolve go to the Australian Financial Complaints Authority (AFCA). ASIC register
No change yetDefence Bank hasn't changed its published variable home loan rates since the RBA's 4 Nov 2026 rise.

52 products in 5 categories

  1. Term deposits22
  2. Home loans17
  3. Savings & transaction accounts8
  4. Personal loans4
  5. Credit cards1

Defence Bank's rates today

Defence Bank's best rate in each category, next to the best you'll find anywhere and the typical institution's best, as of 7 November 2026. Only products anyone can apply for are counted.

Where Defence Bank sits among every institution's best

Defence Bank Limited 6.44%Everyone else, 104 in all

Owner occupier, principal & interest, 80% LVR. One dot per institution, at its lowest variable home loan rate anyone can apply for; hover or tap a dot for its name.

RateDefence BankBest anywhereTypical institution
Variable home loanOwner occupier, principal & interest, 80% LVR6.44%DHOAS Premier Low Rate5.93%SCCU's BROKER HOME LOAN6.38%of 104 institutions
3-year fixed home loanOwner occupier, principal & interest, 80% LVR6.87%Ultimate Essentials DHOAS Fix6.24%Credit Union SA's 3-Year Fixed 40 Year Home Loan Package6.69%of 80 institutions
Savings accountBase plus any bonus, when its conditions are met5.75%iSaver5.75%Defence Bank Limited's iSaver4.85%of 73 institutions
12-month term depositBest rate for a 12-month term5.30%Term Deposit 12 months5.75%Suncorp Bank's Term Deposit5.30%of 65 institutions
Personal loanLowest advertised rate, fixed or variable, leaving out car loans9.09%Personal Loan5.80%Plenti Personal Loan7.96%of 68 institutions
Business 12-month term depositBest rate for a 12-month term5.30%Business Term Deposit 12 mths5.70%AMP Bank GO 12 Month Business Term Deposit5.30%of 17 institutions

Defence Bank home loan repayments

Repayments at Defence Bank's lowest published rate for each loan type: owner occupier at 80% LVR unless marked investor, principal and interest, products open to anyone.

Loan amount
$600,000
Loan term
30 yrs
The $600,000 you borrowInterest over 30 years
  1. VariableDHOAS Premier Low Rate
    6.44%6.44% comparison
    $3,769a month

    $756,755 in interest, $1,356,755 repaid in all

  2. 1-year fixedUltimate Essentials DHOAS Fix
    6.74%7.05% comparison
    $3,888a month

    $799,536 in interest, $1,399,536 repaid in all

  3. 2-year fixedUltimate Essentials DHOAS Fix
    6.76%7.03% comparison
    $3,896a month

    $802,408 in interest, $1,402,408 repaid in all

  4. 3-year fixedUltimate Essentials DHOAS Fix
    6.87%7.04% comparison
    $3,940a month

    $818,245 in interest, $1,418,245 repaid in all

  5. 5-year fixedUltimate Essentials DHOAS Fix
    6.89%7.03% comparison
    $3,948a month

    $821,132 in interest, $1,421,132 repaid in all

  6. Investor variablePremier Investor Low Rate
    6.59%6.59% comparison
    $3,828a month

    $778,077 in interest, $1,378,077 repaid in all

Principal and interest, monthly, as if the rate held for the whole term: a fixed rate reverts to a variable one when the fixed period ends. Fees, offsets and extra repayments aren't included; the repayment calculator handles those. Not Defence Bank's own calculator: confirm the rate with Defence Bank before you apply.

Defence Bank home loan rates

Compare across banks

17 products

Its lowest owner-occupier variable home loan rate (principal and interest, 80% LVR) is 6.44%, with a comparison rate of 6.44%, on its DHOAS Premier Low Rate: 60th lowest of 104 lenders, level with 5 others.

Defence Bank savings and transaction account rates

Compare across banks

8 products

Its highest savings rate is up to 5.75% (0.50% base plus a 5.25% bonus when its conditions are met), on its iSaver: the highest of 84 institutions, level with 2 others.

Defence Bank term deposit rates

Compare across banks

22 products

Its highest 12-month term deposit rate is 5.30%, on its Term Deposit 12 months: 28th highest of 65 institutions, level with 14 others.

RateDefence BankBest anywhereTypical institution
3-month term depositBest rate for 3 months4.60%Term Deposit 3 months5.30%Heartland Bank's Broker Term Deposit4.60%of 55 institutions
6-month term depositBest rate for 6 months5.00%Term Deposit 6 months5.47%Heartland Bank's Broker Term Deposit5.10%of 63 institutions
12-month term depositBest rate for 12 months5.30%Term Deposit 12 months5.75%Suncorp Bank's Term Deposit5.30%of 65 institutions
2-year term depositBest rate for 2 years5.35%Term Deposit 24 months5.60%Judo Bank's Personal Term Deposits4.90%of 55 institutions

Defence Bank credit card rates

Compare across banks

1 product

Defence Bank personal loan rates

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4 products

Its lowest advertised personal loan rate is 6.89% variable, with a comparison rate of 7.66%, on its New Car Loan: 29th lowest of 69 lenders, level with one other.

Rate changes since 18 Sept 2026How every lender responded

Has Defence Bank passed on the RBA's November 2026 rate rise?

Defence Bank hasn't changed its published variable home loan rates since the RBA's 4 Nov 2026 rise.

Its published savings rates haven't moved since the RBA's 4 Nov 2026 rise.

  1. Tue 27 Oct

  2. Thu 15 Oct

Published by Defence Bank under the Consumer Data Right, last changed by them on 27 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.