If you're an existing Defence Bank member, welcome back! Opening an iSaver account is fast and easy.
New to the bank? In that case, we'll just need a few details and you'll be on your way.
Open an iSaver account through Online Banking. Not registered for Online Banking? Call us on 1800 033 139.
Already a member?
Winner of WeMoney's 'Savings Account Account of the Year - Defence Services' - two years in a row.
A limit of one new iSaver account per membership (including joint accounts). iSaver has a bonus introductory fixed rate of which applies to new accounts up to $250,000 for the first 6 months and a ‘base variable rate’ of which applies to all account holders. After six months the introductory bonus fixed rate will expire, and the base variable rate will apply. Does not include funds held or previously held with Defence Bank.
Interest is calculated daily on the closing balance and credited on the last day of each month.
Available only for deposits up to $1 million.
* We may change our fees and charges and interest rates from time to time. For more details on our fees and charges, refer to the Fees and Charges Schedule. For more details on interest rates, refer to the relevant interest rate schedule.
We also publish a brochure - ‘Tips on Reducing your Banking Fees with Defence Bank’ - which can be obtained via defencebank.com.au, by visiting your local branch or calling 1800 033 139.
All products except foreign currency facilities and insurance are issued by Defence Bank. Before acquiring a product, Defence Bank recommends you read the relevant terms and conditions relevant to the product, All documents are located here.
Any advice contained on this website is general advice only and does not take into account your needs, objectives or your financial situation.
Defence Bank’s Target Market Determination can be viewed here.
Even though we’ve traditionally focused on the Australian Defence Force, you don’t have to be a Defence Force employee or relative to take advantage of Defence Bank’s products and services – membership is open to all Australians.
Definitely. If you’re already a member, to open a new account (including new joint accounts) you can log into your app or online banking and follow the below instructions, or you can give us a call on 1800 033 139. If you’re not yet a member, you can join now and open accounts during the set up process.
App
Online Banking
Find out how to join Defence Bank.
You can open as many savings accounts as you like! When it comes to the iSaver however, just remember that you can only have the introductory rate on the first one that you open.
