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.
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.
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.
Applying for a Retirement Savings Account is fast and easy.
If you're an existing Defence Bank member, your application can be completed in just a few minutes.
New to the bank? Simply provide a few details to get started.
Once your application is submitted, we’ll take care of opening your account as quickly as possible. Processing times may vary, and we’ll keep things moving for you every step of the way.
Apply for an RSA account through Online Banking. Not registered for Online Banking? Call us on 1800 033 139.
Already a member?
We’re currently seeing strong demand for Retirement Savings Accounts, which means opening new accounts may take a little longer than usual. Please be assured we’re working to process all applications as quickly as possible.
Applying from overseas
If you’re currently overseas, your application will be completed slightly differently.
After your account is opened
We appreciate your patience while this process is completed and will keep things moving for you.
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. | 1.65% p.a. |
| RSA term deposit. | Interest rate.* |
|---|---|
| 6 months. | 4.50% p.a. |
| 12 months. | 4.95% p.a. |
| 24 months. | 4.50% p.a. |
We have qualified Wealth Investment Officers who are able to provide factual information and general advice. They will not be able to provide you with personalised advice.
call us on 1800 979 188 or email RSA@defencebank.com.au and we will email or call you back within 48 business hours.
Once you have read and understood the Defence Bank Super Assured Product Disclosure Statement (PDS), you may then download and complete the application form, which is located at the back of the PDS. Once the form is complete, you may post it to us along with a certified copy of your photographic identification.
If you are already a Defence Bank member you can apply online through Online Banking - once you have signed in select ‘Apply’ then ‘Defence Bank Super Assured RSA’. This will take you to some information about the RSA and a few options.
Click 'Download' next to the required application which will open up the form. Once you have downloaded the form, save, complete all fields, save and then send via Secure mail
Join us to open a Defence Bank membership. You do not need to be a Defence Bank member to open a Defence Bank Super Assured RSA however it can make the process easier.
Note: There is a minimum balance requirement of $10,000 to open a Defence Bank RSA
Yes. The minimum amount required to open a Defence Bank Super Assured RSA ‘Accumulation’ account is $10,000. If no contributions have been received into an RSA after 6 months the RSA account will be closed.
If you are looking to convert from accumulation to pension phase you will require a minimum balance of $50,000.00.
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.
