Defence Cadet Saver Summary
Description
Created especially for young cadets aged 12 to 17 years, our Cadet Saver account will have you and your savings looking good.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Available to ages 12 to 17.
On this page
Details
Key details
| Product name | Defence Cadet Saver |
|---|---|
| Maximum variable rate | 5.25% p.a. |
| Ongoing interest rate | 5.25% p.a. |
| Base interest rate | 5.25% p.a. |
| Minimum age | 12 years |
Source: noren.com.au
All comparison details
| Base | 5.25% |
|---|---|
| Ongoing | 5.25% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 12 |
| Max age | 17 |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 5.25% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 5.25% | Whole balance | All balances |
Source: noren.com.au
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Requirements
- No monthly saving or spending qualification. Interest is calculated on daily closing balances and credited on 31 March each year.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Defence.
- Age 17 or under.
- Age 12 or over.
- Created especially for cadets aged 12 to 17 years, our Cadet Saver account will have you and your savings looking good.
- Youth personal account. Parent/guardian operation and cadet eligibility follow the product terms, conversion applies when the age limit is reached.
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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.