Defence Bank LimitediSaver
An introductory bonus rate on new accounts for the first six months up to $250,000.
At a glance
- Up to
- 5.75%
- Base rate
- 0.50%
- Bonus rate
- 5.25%
How it compares
This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
What a bonus account pays in a month its conditions aren't met. One dot per institution, at its highest base rate on a bonus savings account anyone can apply for; hover or tap a dot for its name.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Bonus savings accountBase plus bonus, when every condition is met | 5.75% | 5.75%Defence Bank Limited's iSaver | 5.25%of 51 institutions | Highest of 51, level with 2 others |
| Bonus account, conditions missedWhat a bonus account pays in a month its conditions aren't met | 0.50% | 3.45%Heritage's Online Saver Account | 0.10%of 43 institutions | 10th highest of 43, level with 3 others |
Rates
Every rate Defence Bank Limited publishes for this account, 2 in all.
How the rate is made up
5.75%in a month every condition is met
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| BonusInterest is calculated daily on the closing balance and credited on the last day of each month. | - | - | - | 5.25% | - | paid every 1 mo; Bonus rate on new accounts for the first six months up to $250,000 |
| VariableInterest is calculated daily on the closing balance and credited on the last day of each month. | - | - | - | 0.50% | - | paid every 1 mo; Standard |
Fees
12 fees published, grouped by when they're charged.
While you hold it2
- Monthly account-keeping fee
We don't charge a monthly account-keeping fee
No fee - Ultimate Package annual fee
Package related to a home loan Ultimate Package.
$96 a year
When particular things happen10
- BPAY
We don't charge a fee for BPAY
No fee - Dishonours (if insufficient funds)
We don't charge a fee for dishonours
No fee - Dormant fee
This fee may be charged in certain circumstances when your membership is redeemed by us due to non-activity of more than 12 months.
$20 - EFTPOS transactions
We don't charge a fee for EFTPOS transactions
No fee - Internal transfers between Defence Bank accounts
We don't charge a fee for Internal transfers between Defence Bank accounts
No fee - Pay anyone using a BSB and account or PayID
We don't charge a fee for Pay anyone using a BSB and account number or PAYID
No fee - PayTo
We don't charge a fee for PayTo
No fee - Record search fee
Charged where you request we search our records and retrieve documents.
$50 - Same day transfers (via Swift/RTGS) - Inward
Charged when funds transferred via Swift/RTGS (same day).
$6.80 - Same day transfers (via Swift/RTGS) - Outward
Charged when funds transferred via Swift/RTGS (same day).
$11.80
Features
Eligibility and limits
- One iSaver per member, including Joint accounts. New accounts do not include funds previously invested with Defence Bank.
Compare it with others
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Published by Defence Bank under the Consumer Data Right, last changed by them on 8 July 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.