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Retirement Savings Account.

Couple walking along beach.

See your balance any time.

Online viewing access for your RSA, keeping your balance secure.

No joining and ongoing fees.

$0 monthly account-keeping fees mean you can focus on saving.

The security of a term deposit.

Draw from a tax-free allocated retirement pension with the security of term deposit returns.

Our Retirement Savings Account explained.

What is an RSA?

Available to all Australians, the Defence Bank Retirement Savings Account (RSA) is a capital guaranteed product for managing your retirement benefits through every stage of your life.

There is no exposure to the possibility of negative investment returns or interest eroding the capital invested that may be associated with other superannuation products.

How an RSA could help you.

Get the security of a term deposit with the tax advantages of retirement superannuation.

When entitled to a benefit you can take the benefit as a pension or a lump sum.

It's a safe and certain tax-effective superannuation alternative for those looking for secure retirement investment options covered by the Financial Claims Scheme.

What can I deposit?

A minimum of $10,000.00 is required to open a Defence Bank RSA.

While in the accumulation phase, you may make additional contributions at any time after confirming your eligibility. You may need to quote your RSA number and tell us the character and nature of the contribution you are making.

You may rollover amounts or transfer funds and contribute your funds to your Defence Bank RSA.

Your employer may also make contributions on your behalf.

Rates and fees.

Please read all of our rates and fees carefully before opening an account.

For all product rates, see our rates schedules.

If you require any assistance or have questions regarding our rates and fees please contact us.

RSA variable. Interest rate.*
$0.00 to $9,999.99 0.05% p.a.
$10,000.00 plus. 1.70% p.a.
RSA term deposit. Interest rate.*
6 months. 4.45% p.a.
12 months. 4.80% p.a.
24 months. 4.80% p.a.

Open an RSA in under five minutes.

If you're an existing Defence Bank member, welcome back! Opening an RSA 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.

Retirement Savings Account forms.

iSaver.

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

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.
*

Gross rate of interest before deduction of government earnings tax.

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. To hold an RSA account without joining Defence Bank, complete the paper based application form found at the back of the PDS.

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.

Term deposits.
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.