Defence Bank
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Defence Bank is an Australian member-owned bank focused on the Defence community, including serving personnel, veterans and their families. Established in 1975, it provides savings and transaction accounts, term deposits, home loans, personal loans and credit cards. Customers access its services through digital banking, a national branch network and an Australian-based contact centre.
| Legal name | Defence Bank Limited |
|---|---|
| ABN | 57087651385 |
| Established | Began operations in March 1975 as Defence Force Credit Union, adopted the Defence Bank name in 2012 [1] |
| Banking access | Branch banking is available, including locations on Defence bases where access restrictions may apply. [3] |
Savings rates
Compare allRates p.a. at a balance of $699.
| Cadet Saver | Visit | 5.25% | 5.25%Ongoing cap: No cap | No cap | - | - | - | 0 | - | $0 | 0 | - | - | 12 | 17 | $0 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| iSaver | Visit | 0.50% | 0.50%Ongoing cap: No cap | No cap | 5.25%6 mths | $250K | 6 mths | 0 | - | $0 | 0 | - | - | - | - | $0 | - |
| Kids Club Savings | Visit | 5.25% | 5.25%Ongoing cap: No cap | No cap | - | - | - | 0 | - | $0 | 0 | - | - | - | 11 | $0 | - |
| Max E Saver | Visit | 0.10% | 5.20%Ongoing cap: No cap | No cap | - | - | - | 1 | - | $0 | 0 | - | 0 | - | - | $0 | - |
| Salute Account | Visit | 4.00% | 4.00%Ongoing cap: No cap | No cap | 5.75%12 mths | $250K | 12 mths | 0 | - | $0 | 0 | - | - | - | - | $0 | - |
| Teen Saver | Visit | 5.25% | 5.25%Ongoing cap: No cap | No cap | - | - | - | 0 | - | $0 | 0 | - | - | 12 | 17 | $0 | - |
Source: noren.com.au
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Savings products
Cadet Saver
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements.
iSaver
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements. An introductory offer is available to eligible customers.
Kids Club Savings
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements.
Max E Saver
A variable-rate savings account. Bonus interest depends on meeting the account’s monthly requirements.
Salute Account
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements. An introductory offer is available to eligible customers.
Teen Saver
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements.
Useful links
Similar institutions
Sources and review
- Institution background (defencebank.com.au)
- APRA ADI register (apra.gov.au)
- Banking access (defencebank.com.au)
Defence Bank data reviewed . Next profile review due .