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The online savings account you’ve been hanging out for.

Earn up to
4 .75 %† p.a.
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Key features.

Bonus introductory fixed savings rate for six months.

Get your savings off to a good start with a bonus intro fixed rate.†

No penalties for withdrawals.

Enjoy the freedom to make withdrawals and still earn interest.

No monthly account fees.

$0 monthly account-keeping fees mean you can maximise your savings.

Our iSaver rates explained.

Base variable rate.
1 .25 % p.a.
At a minimum, you'll earn this rate of interest.
Introductory bonus fixed rate.
3 .50 % p.a.
This rate is locked in for your first new account for the first six months, up to balances of $250,000.00.
Total introductory interest rate.
4 .75 % p.a.
This is the total rate (base variable rate + introductory bonus fixed rate) you could earn on your first iSaver account for six months, up to balances of $250,000.†

Open an iSaver account in under five minutes.

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.

Tools and calculators.

Budget planner.

Calculate your regular income and expenses and make a plan for your savings.

Deposit planner.

Track your projected savings over time, including interest, so you can calculate how long you'll need to save for a certain goal.

Expense planner.

A simple tool that helps you itemise and collate your regular expenses so you know what you spend in a typical month.

Max eSaver.

Reach your savings goals in less time than you think.

Term deposits.

Combine some patience with our competitive rate for a return on your investment.

Money saving tips.

Find helpful tips and tricks in our blog.

A limit of one new iSaver account receiving the introductory bonus fixed rate per membership (including joint accounts). Applies to balances up to $250,000.00. After six months the introductory rate will revert to the base variable rate. 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 (Domestic Transactions) and Fees and Charges Schedule (Overseas Transactions). 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.