Encourages financial independence during formative years.
No monthly account fees.
$0 monthly account-keeping fees mean you can maximise your savings.
No ATM fees at major banks.
Fee-free cash withdrawals at Defence Bank ATMs and also at all big four banks’ ATMs Australia-wide.
Our Teen Saver account explained.
Teen Saver takes saving your money to the next level.
It’s a great option for those aged 12-17 years with growing financial independence in mind. It doesn’t matter if you're a spender or saver - we’ve got you covered with no local transactional fees and a competitive interest rate for savings.
Start the process to open a Teen Saver over the phone.
If you're an existing Defence Bank member, welcome back! Talk to us about a Teen Saver account today.
New to the bank? In that case, we'll just need a few details and you'll be on your way.
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.