Interest rates

• Term Deposits

• Defence Bank Super Assured - Retirement Savings Account

• iSaver

• Max eSaver

• National Access and Salary Saver

• First Home Saver Account

• Cash Management

• Budget Savings and General Insurance Savings

• Christmas Saver

• Pensioner Deeming

• Kids Club

Rates for Term Deposits

• * Rate reflects a minimum deposit of $50,000 and a maximum of $1 million. If your deposit is over $1 million, please call 1800 033 139 to discuss
• Rates for other terms are available on request.

Rates for Defence Bank Super Assured - Retirement Savings Account:

• Account balances earn interest according to the applicable tiered interest rate on the entire account balance. Interest is calculated daily on the closing balance and credited annually on 30 June.
• The rates quoted are gross rate of interest before deduction of government earnings tax.

• Interest on each term deposit is calculated daily and is credited at the end of the term selected. Interest, when credited, is then paid into your RSA Variable Rate account.
• The rates quoted are gross rate of interest before deduction of government earnings tax.

Rates for iSaver:

• Opening rate applies to new accounts only and to the entire account balance for the three month period then reverts to tiered rate for the account balance.
• Accounts with $5,000.00 or more receive the higher tier rate on the full balance.
• Interest is calculated daily on the closing balance and credited on the last day of each month.

Rates for the Max eSaver:

• If a deposit is made during the month with no withdrawals, a bonus of 3.50% p.a. interest is paid
• Interest is calculated daily on the closing balance and credited on the last day of each month.

Rates for National Access and Salary Saver:

• Interest is earned on that part of the balances that exceeds $249.99
• Interest is calculated daily on the closing balance and credited on 31 March each year.

Rates for First Home Saver Account:

• Interest is calculated daily on the closing balance and credited on 30 June each year.
• The rates quoted are gross rate of interest before deduction of government earnings tax.

Rates for Cash Management:

• Account balances earn interest according to the applicable tiered interest rate on the entire account balance
• Interest is calculated daily on the closing balance and credited on the last day of each month.

Rates for Budget Savings and General Insurance Savings:

• Interest is calculated daily on the closing balance and credited on 31 March each year.

Rates for Christmas Saver:

• Interest is earned on that part of the balance that exceeds $249.99
• Interest is calculated daily on the closing balance and credited on 31 October each year.

Rates for Pensioner Deeming:

• The first $44,600 earns interest at the lower interest rate regardless of account balance
• Interest is calculated daily on the closing balance and credited on the last day of February, May, August and November each year.

Rates for Kids Club:

• Interest is calculated daily on the closing balance and credited on 31 March each year.