Blue Navy uniform sock folded with 'smile'.

Max eSaver

A high-interest savings account with a rate that'll help you reach your goals.

Earn up to
5 .10 %# p.a. Variable rate.
Blue Navy uniform sock folded with 'smile'.
Open a Max eSaver account in under five minutes.

Key features

A great savings rate.

Get a bonus rate for every month you grow your savings without making any withdrawals.

Build healthy savings habits.

Achieve your savings goals sooner with a bonus interest rate that rewards saving.#

No monthly account fees

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

Our Max eSaver rates explained.

Standard variable rate.
0 .10 % p.a.
At a minimum, you'll earn this rate of interest.
Bonus variable rate.
5 .00 % p.a.
The interest you earn if you make a deposit and no withdrawals during the month.
Total variable interest rate.
5 .10 % p.a.
This is the total rate (standard variable rate + bonus variable rate) you could earn on your Max eSaver.

Important information: We assess whether you have qualified for bonus interest at end of day processing (approximately 10:30pm Sydney time) on the last calendar day of the month. Deposits received after this time may not be reflected in your account balance for the purposes of calculating interest or determining eligibility for bonus interest for that month.

Open a Max eSaver account in under five minutes.

If you're an existing Defence Bank member, welcome back! Opening a Max eSaver 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

iSaver

Grow your savings with flexible access to your funds and an introductory bonus interest rate
Learn more

Term deposits

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

Money saving tips

Find helpful tips and tricks in our blog
Learn more

Interest is calculated daily on the closing balance and credited on the last day of each month.

* 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.

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.

Frequently asked questions

Defence Bank offers financial products and services to not only the Australian Defence Force, but the broader community as well. Defence Bank is one of Australia’s larger member-owned banks.

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

  1. Login to your app.
  2. Under the main menu, select Manage Account and tap Joint Account.
  3. Select Open Joint Account and follow the prompts.

Online Banking

  1. Login to online banking.
  2. Under the main menu, select Products and tap Open Account following the prompts.

Find out how to join Defence Bank.

 

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