Defence Bank Limited
Term Deposit 7 months
Fixed Term Deposits start from as little as $1,000, and you can choose terms that work for you - between 30 days and 24 months.
Term depositsBank updated 8 July 2026
At a glance
- Best rate
- 4.75% for 7m
- Min deposit
- $1,000
§ 01 — Rates · 1
| 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. | — | 7 mo | — | 4.75% | — | paid at maturity; paid every 7 mo |
§ 02 — Fees · 1
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| 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. |
§ 03 — Features
Digital banking
- · Fixed rate for the life of the Term.
§ 04 — Eligibility & limits
- · Available to individuals
- · Minimum balance $1,000
§ 06 — Run the numbers
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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.