Defence Bank LimitedBusiness Term Deposit 24 mths
Fixed Term Deposits start from as little as $2,000, and you can choose terms that work for your Business/Trust/SMSF between 30 days and 24 months.
At a glance
- Best rate
- 5.35% for 24m
- Min deposit
- $2,000
Rates
The one rate Defence Bank Limited publishes for this term deposit.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedWhere 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. | - | 2 yrs | - | 5.35% | - | paid at maturity; paid every 1 yr |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 15 Oct 2026 | Fixed, 2 yrs | 5.25% | 5.35% | up 0.10 |
Each change is logged the night it appears in the rates Defence Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
One fee published, grouped by when they're charged.
When you close it or pay it off1
- Early Withdrawal Penalty
Early withdrawal may incurr a partial loss of interest accrued depending on the Term remaining at the time of ealry withdrawal.
$30
Features
Eligibility and limits
- Available to businesses
- Minimum balance $2,000
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Published by Defence Bank under the Consumer Data Right, last changed by them on 14 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.