Defence Salute Account Summary
Description
Our Salute savings account rewards Australian Defence Force members who have been deployed, have reached 15 and 25 years of service or have transitioned with bonus interest for 12 months.
Benefits
- Introductory rate of 5.75% p.a. for 12 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 12 months. The ongoing rate then applies.
On this page
Details
Key details
| Product name | Defence Salute Account |
|---|---|
| Maximum variable rate | 5.75% p.a. (Introductory, first 12 months) |
| Ongoing interest rate | 4.00% p.a. |
| Base interest rate | 4.00% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 4.00% |
|---|---|
| Ongoing | 4.00% |
| Ongoing cap | No cap |
| Intro | 5.75% |
| Intro cap | $250K |
| Intro period | 12 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: 4.00% p.a..
- Introductory: 5.75% p.a. for 12 months for eligible customers. Up to $250k.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 4.00% | Whole balance | All balances |
| Introductory total, first 12 months | 5.75% | This band only | First $250k |
| Introductory total, first 12 months | 4.00% | 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
- The displayed ongoing rate applies after the 12-month promotion if the Salute account is retained. During the promotion, deposit at least $1,500 monthly to Everyday Access to retain promotional eligibility, failure may convert the account to Everyday Access.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Defence.
- Available to ADF members who are within 12 Months either side of milestones.
- Product available only for members who meet a recognised ADF milestone.
- $1500 per month into your Everyday Access account.
- Our Salute account rewards those who have been deployed, have reached 15 and 25 years of service or have transitioned out with bonus interest for 12 months.
Introductory eligibility
- Recognised ADF milestone notified within the provider 12-month window, one account per milestone. Deposit at least $1,500 monthly into Everyday Access during the promotion. Failure can cause conversion to the zero-interest Everyday Access account after notice, so retaining the 4% Salute base is not guaranteed if eligibility fails.
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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.