Defence iSaver Summary
Description
An introductory bonus rate on new accounts for the first six months up to $250,000.
Benefits
- Introductory rate of 5.25% p.a. for 6 months for eligible customers.
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
More benefits
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- The introductory offer is temporary, lasting 6 months. The ongoing rate then applies.
On this page
Details
Key details
| Product name | Defence iSaver |
|---|---|
| Maximum variable rate | 5.25% p.a. (Introductory, first 6 months) |
| Ongoing interest rate | 0.50% p.a. |
| Base interest rate | 0.50% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 0.50% |
|---|---|
| Ongoing | 0.50% |
| Ongoing cap | No cap |
| Intro | 5.25% |
| Intro cap | $250K |
| Intro period | 6 mths |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | - |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.50% p.a..
- Introductory: 5.25% p.a. for 6 months for eligible customers. Up to $250k.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 0.50% | Whole balance | All balances |
| Introductory total, first 6 months | 5.25% | This band only | First $250k |
| Introductory total, first 6 months | 0.50% | This band only | Over $250k |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- No ongoing monthly deposit, growth, purchase or withdrawal-count qualification. Introductory total applies to the first $250,000 for six months, then base only.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Defence.
- One iSaver per member, including Joint accounts. New accounts do not include funds previously invested with Defence Bank.
Introductory eligibility
- First new iSaver, one per individual or joint relationship, eligible funds exclude money previously invested with Defence Bank. Fixed introductory margin for six months, variable base and base-only excess.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected and verified on 31 Oct 2026.