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Sun, sand, surf, security.

Couple walking along beach.

No joining and ongoing fees.

No administration fees or commissions to financial planners.

No monthly or account-keeping fees.

The security of a term deposit.

Available to all Australians, the Defence Bank Retirement Savings account (RSA) is an online superannuation solution for managing your retirement benefits through every stage of your life.

Get the security of a term deposit with the tax advantages of retirement superannuation, or you can draw from your tax-free allocated retirement pension with your Defence Bank RSA, while being certain of a positive return on your account.

It is the safe and certain tax-effective superannuation alternative for those looking for secure retirement investment options.

From 1 September 2021, a minimum of $10,000.00 is required to open an RSA account.

Key features.

  • The security of a term deposit with the tax advantages of retirement superannuation.
  • Draw from a tax-free allocated retirement pension with the security of term deposit returns.
  • No entry or administration fees.
  • No ongoing fees.
  • Choice of a fixed-rate term deposit or variable rates of return.
  • Capital assurance guarantee means no negative returns.
  • Rollover options from other super accounts.
  • View your account online and via the Defence Bank app.


Before acquiring the Defence Bank Super Assured RSA we recommend you read the Product Disclosure Statement (PDS) for this product and our Interest Rate Schedule. 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.

RSA pension. Interest rate.
$0-10,000 0.05% p.a.
$10,000 plus. 0.10% p.a.
RSA variable. Interest rate.
$0-10,000 0.05% p.a.
$10,000 plus. 0.10% p.a.
RSA term deposit. Interest rate.
6 months. 0.40% p.a.
12 months. 0.45% p.a.
24 months. 0.55% p.a.

Term Deposits.

Gross rate of interest before deduction of government earnings tax.

Where terms exceed 12 months, interest will be paid into your RSA Variable account on the anniversary of the funding date. Interest payable in respect of the last 12 months or part thereof is added to the balance at maturity.

RSA Variable.

Account balances earn interest according to the applicable tiered interest rate on the entire account balance. Interest is calculated daily on the closing balance and credited annually on 30 June.

Gross rate of interest before deduction of government earnings tax.

Next steps...

Discover our resources for creating a solid personal budget.
Get clear oversight on your finances with our useful savings calculator.
Any questions? Speak to our experienced, helpful staff.
Not a member? Join Defence Bank now.

Frequently asked questions.

You can find all of our RSA interest rates at the link below.
View all rates.

Our RSA product has the unique features of no joining, ongoing, investments, administration, monthly, or account keeping fees, and there are no commissions paid to financial planners.
Find out more about our RSA.

You can log in using your Defence Bank member number and you will be able to see your balance. If you’re unsure of your Defence Bank member number, simply get in contact with us so we can provide it to you.

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