Money / Banks
Defence Bank
What Defence Bank publishes about its products under the Consumer Data Right, as at 16 October 2026. For current details, check Defence Bank's own website.
Savings and transaction accounts
Rates for a $10,000 balance. Compare with other banks.
| Account | If you miss the conditions | Bonus | With the bonus | What you have to do |
|---|---|---|---|---|
| Cadet Saver changed 16 Oct | 5.25% | – | 5.25% | No bonus. Ages 12 to 17 |
| iSaver | 0.50% | 5.25% | 5.75% | The bank's data doesn't say.In the bank's wordsInterest is calculated daily on the closing balance and credited on the last day of each month. |
| Kids Club Savings changed 16 Oct | 5.25% | – | 5.25% | No bonus. Up to age 11 |
| Max E Saver changed 16 Oct | 0.10% | 5.20% | 5.30% | The bank's data doesn't say.In the bank's wordsInterest is calculated daily on the closing balance and credited on the last day of each month. |
| Salute Account changed 16 Oct | 4.00% | 1.75% | 5.75% | The bank's data doesn't say.In the bank's wordsBonus rate is the total rate payable for the first 12 months. |
| Teen Saver changed 16 Oct | 5.25% | – | 5.25% | No bonus. Ages 12 to 17 |
Term deposits
The rate for $10,000 (or the smallest deposit it takes). Compare with other banks.
| Product | 3 months | 6 months | 12 months | 24 months | Smallest deposit |
|---|---|---|---|---|---|
| Business Term Deposit 1 mth | – | – | – | – | $2,000 |
| Business Term Deposit 24 mths changed 16 Oct | – | – | – | 5.35% | $2,000 |
| Business Term Deposit 12 mths changed 16 Oct | – | – | 5.30% | – | $2,000 |
| Business Term Deposit 2 mths | – | – | – | – | $2,000 |
| Business Term Deposit 3 mths changed 16 Oct | 4.60% | – | – | – | $2,000 |
| Business Term Deposit 4 mths | – | – | – | – | $2,000 |
| Business Term Deposit 5 mths changed 16 Oct | – | – | – | – | $2,000 |
| Business Term Deposit 6 mths changed 16 Oct | – | 5.00% | – | – | $2,000 |
| Business Term Deposit 9 mths changed 16 Oct | – | – | – | – | $2,000 |
| Term Deposit 24 months changed 16 Oct | – | – | – | 5.35% | $1,000 |
| Term Deposit 1 month | – | – | – | – | $1,000 |
| Term Deposit 10 month changed 16 Oct | – | – | – | – | $1,000 |
| Term Deposit 11 month changed 16 Oct | – | – | – | – | $1,000 |
| Term Deposit 12 months changed 16 Oct | – | – | 5.30% | – | $1,000 |
| Term Deposit 2 months | – | – | – | – | $1,000 |
| Term Deposit 3 months changed 16 Oct | 4.60% | – | – | – | $1,000 |
| Term Deposit 4 month | – | – | – | – | $1,000 |
| Term Deposit 5 month changed 16 Oct | – | – | – | – | $1,000 |
| Term Deposit 6 months changed 16 Oct | – | 5.00% | – | – | $1,000 |
| Term Deposit 7 months changed 16 Oct | – | – | – | – | $1,000 |
| Term Deposit 8 month changed 16 Oct | – | – | – | – | $1,000 |
| Term Deposit 9 months changed 16 Oct | – | – | – | – | $1,000 |
Home loans
Owner-occupier, principal and interest, borrowing 80% of the home's value. Compare with other banks.
| Loan | Variable | Comparison |
|---|---|---|
| DHOAS Premier Home Loan | 6.54% | 6.54% |
| DHOAS Premier Low Rate | 6.19% | 6.19% |
| Premier Home Loan | 6.59% | 6.59% |
| Premier Low Rate | 6.24% | 6.24% |
| Ultimate Essentials DHOAS changed 13 Oct | 6.74% | 6.88% |
| Ultimate Essentials DHOAS Construction (OO) | 6.69% | 6.79% |
| Ultimate Essentials DHOAS Fix | – | – |
| Ultimate Essentials Fixed | – | – |
| Ultimate Essentials Variable | 6.74% | 6.84% |
Other products in these groups
These don't list rates we can show in a table (for example, accounts that pay no interest).
- Defence Bank Foundation Credit Card Credit cards
- Everyday Access Savings and transaction accounts
- Home Loan Offset account Savings and transaction accounts
- Premier Investor Home Loan Home loans
- Premier Investor Low Rate Home loans
- Ultimate Essential Inv Fixed Home loans
- Ultimate Essentials Construction (INV) Home loans
- Ultimate Essentials I/O Home loans
- Ultimate Essentials I/O Con Home loans
- Ultimate Essentials I/O Fixed Home loans
- Ultimate Essentials Investor Variable Home loans
Rates changed on 838 products since 12 October 2026. Each one is marked "changed" below.
General information, not advice. This shows what banks publish. It doesn't recommend any product, and the order of a table is not a ranking. Rates change, so check the bank's own page for current details before you decide anything.
Source: Defence Bank product data, published under the Consumer Data Right, as at 16 October 2026. Every product name links to its page at Defence Bank, which has the current details.