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.
We’re currently experiencing very strong demand for Retirement Savings Accounts as we approach the end of the financial year.
To ensure we continue delivering a high level of service, RSA applications and appointment bookings will be temporarily unavailable from 20 June to 30 June.
We appreciate your understanding while we support existing applications.
We understand some members may be looking to make arrangements before 30 June.
If timing is important, you may wish to explore alternative super options. You can compare super funds using the ATO’s comparison tool:
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. |
There are three ways to transfer your fund, they are:
If you are making a personal contribution, please complete the Personal Contribution form.
Please ensure that each time you transfer into this account, you email a contribution form to us at the same time as you make the payment, that way we can identify the rightful owner, and how you wish us to treat your contribution(s).
IMPORTANT: Be sure to add your RSA holder number as reference so we can correctly identify your funds.
Account name: Defence Bank Super Assured
BSB: 833 205
Account number – Personal Contribution: 20795437
Reference: <your RSA holder number>
Email address: RSA@defencebank.com.au
If you are making a spouse contribution please complete the Spouse Contribution form.
Please ensure that you email a contribution form to us at the same time as you make the payment, that way we can identify the rightful owner, and how you wish us to treat your contribution(s).
IMPORTANT: Be sure to add your RSA holder number as reference so we can correctly identify your funds.
Account Name: Defence Bank Super Assured
BSB: 833 205
Account Number – Spouse Contribution: 20795433
Reference: <your RSA holder number>>
Email Address: RSA@defencebank.com.au
We have qualified RSA Specialists who are able to provide factual information and general advice. They will not be able to provide you with personalised advice.
Email rsa@defencebank.com.au and we will email you back within 48 business hours.
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.
