Fairy floss being made.

Watch your savings grow.

Fairy floss being made.

Having healthy savings is always a good reflection of solid financial habits, and building on what you set aside is a vital step towards making a big purchase or setting up a rainy day fund. Whatever your savings goal, you can count on Australia’s Defence Bank for an easy and convenient way to get you there.

Rounds Ups.

The best kind of savings are those you don’t even notice, which is where Round Ups, a feature on our award-winning app, comes in. Buy a coffee for $4.30 and Round Ups will automatically take the difference between the next nearest dollar (so here, that extra 70c) and put it in your nominated savings account. It will make a huge difference without you even realising.

Find out more about Round Ups.

Term deposit.

A fantastic option if you have a longer term savings goal or you’re simply sitting on funds you don’t yet have a plan for. Starting with initial deposits of as little as $1,000 and flexible terms up to 24 months, term deposits make your savings work harder with a high interest rate and the added benefit of discouraging you from dipping into them.

See our term deposits.


Our iSaver account is a popular go-to savings account with a high interest rate and money at-call. Combine that with no account-keeping fees, a great six month fixed bonus introductory rate, that’s more money in your pocket.

Learn more about the iSaver account.

Max eSaver.

Developed for shorter-term savings goals, this specialised savings account rewards good savings habits. Make at least one deposit during the month with no withdraws, and we’ll award you a bonus savings rate boost that will have you making your new purchase in no time.

Find out more about Max eSaver.

Retirement Savings Account (RSA).

Get the security of a term deposit with the tax advantages of retirement superannuation, while being certain of a positive return on your account. With a Defence Bank RSA, you can even draw from your tax-free allocated retirement pension, making it a safe and certain tax-effective super alternative for those looking to build their retirement savings.

Find out more about our RSA.

Pay less in fees.

Getting more for your savings can include paying less in fees. From our True Blue low-annual fee credit card to our Everyday Access account with unlimited domestic fee-free transactions, you’ll be giving your savings an extra boost.

Learn more about our low-fee, fuss-free banking.

Frequently asked questions.

Defence Bank offers financial products and services to not only the Australian Defence Force, but the broader community as well. Defence Bank is one of Australia’s larger member-owned banks.

You can download the app through Google Play or Apple App Store. It's packed full of features and free to download and use.



You’ll first need to be issued a password, then log in for the first time using your member number and the temporary password that will be sent to you as a text.

Generate a password.

Log in to Online Banking.

Definitely. If you’re already a member, to open a new account (including new joint accounts) you can log into your app or online banking and follow the below instructions, or you can give us a call on 1800 033 139. If you’re not yet a member, you can join now and open accounts during the set up process.


  1. Login to your app.
  2. Under the main menu, select Manage Account and tap Joint Account.
  3. Select Open Joint Account and follow the prompts.

Online Banking

  1. Login to online banking.
  2. Under the main menu, select Products and tap Open Account following the prompts.

Find out how to join Defence Bank.


Not a member? Join Defence Bank now.
Our award-winning app gets you banking on the go.
Visit a branch and discuss your finances face-to-face.
Need to talk to someone right away? Call us now.