Lorikeet amongst green leaves.

Our term deposits come in many colours.

0 .45 % p.a. 12 month term.
Lorikeet amongst green leaves.

Competitive interest rate.

Minimal initial deposit of $1,000.

Terms from 30 days to 24 months.

Monitor your investment via Online Banking.

Whether you’re in the Defence community or an ADF supporter in the broader community, secure your finances today with competitive rates on a fixed term deposit with Australia’s Defence Bank. Investments start from as little as $1,000, and you can choose terms that work for you - between 30 days and 24 months.

Key features.

  • Get started with as little as $1,000.
  • A choice of flexible terms up to 24 months.
  • View your term deposit with convenient Online Banking.
  • Open as many term deposits as you like.
  • A number of options available at maturity.
Term period ($1,000.00 to $1,000,000.00). Interest rate.
24 months. 0.55% p.a.
12 months. 0.45% p.a.
9 months. 0.40% p.a.
6 months. 0.40% p.a.
3 months. 0.30% p.a.
Fee name. Fee description. Fee amount.
Term deposit early withdrawal fee. Payable when you request redemption of a term deposit prior to its maturity date.

Any requests for variations to the terms of your Term Deposit received after the grace period has expired, may incur a pre-payment adjustment and a fee - refer to our Defence Bank product and services – condition of use for more details.
$30.00

 

All term deposit rates are for amounts up to $1million. For larger amounts please contact us to discuss your options.

Standard and Premium term (when available) deposits are exclusive to individuals.

Gross rate of interest before deduction of government earnings tax.

Interest is calculated on the daily balance. Interest is paid on the date of maturity. Where terms exceed 12 months, interest is capitalised annually. Interest payable in respect of the last 12 months or part thereof is added to the balance at maturity.

Unless advised otherwise, the interest earned on your Term Deposit will be re-invested with your principal deposit. If the same term is no longer available, then the re-investment will be for the published term closest to the original term.

Our term deposits are part of the Government Deposit Guarantee (Financial Claims Scheme).

We may change our fees & charges and interest rates from time to time. For more details on our fees & charges, refer to the Fees and Charges (Domestic Transactions) & Fees and Charges Schedule (Overseas Transactions). For more details on interest rates, refer to the relevant Interest rate schedules. All schedules are located here.

All products except foreign currency facilities, insurance and superannuation are issued by Defence Bank. Before acquiring a product, Defence Bank recommends you read the Defence Bank Products and Services - Conditions of Use, the Summary of accounts and access facilities, The visa debit – conditions of use (where relevant). 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.

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.

Funds can be withdrawn early from a term deposit at any time during the term for a $30 fee, and an interest rate reduction may also apply. Simply get in touch so we can send you the form to fill out.
Contact us now.

Our minimum term deposit is $1,000, and there is no maximum amount you can get started with.
Learn more about our term deposits.

While interest rates for new term deposits may change during your term, this will never affect a deposit that is part way through its term. That rate is locked in for the agreed amount of months.

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Let's talk.

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Visit a branch and discuss your finances face-to-face.
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