In response to the Reserve Bank of Australia’s recent decision to raise the official cash rate by 25 basis points, Defence Bank will increase interest rates on a number of its variable home loans, savings, and term deposit products.
Our interest rates on all variable rate home loans will increase by 0.25%, effective 17 February 2026. Impacted members will receive notification of the changes to their home loans.
Our new savings and term deposit interest rates are as follows, effective 11 February 2026:
- Max eSaver bonus interest rate will increase by 0.25% p.a. to 4.55% p.a. to provide an all up rate of 4.65% p.a.
- iSaver bonus interest rate will increase by 0.25% p.a. to 4.15% p.a. to provide an all up rate of 4.65% p.a.
- Salute promo rate will increase by 0.25% p.a. to 1.75% p.a., providing an all up rate of 5.00% p.a. for accounts opened within the last 12 months.
- All of our junior accounts standard variable rates will increase by 0.25% p.a. to 4.50% p.a.
- All term deposit rates will increase by up to 0.25% p.a., our current special is 11 months at 4.40% p.a.
- For all other current product rates, see our rates.
For members experiencing difficulty or for those concerned about the impact of rising interest rates and repayments, we encourage you to contact us about your situation. For any help and further queries, contact us on 1800 033 139 or visit your nearest branch.
