Everyday banking
  • Salary Saver has been designed to save you money. It’s a transaction account that’s ideal for your salary. If you deposit $2,000 or more by Direct Credit during the course of a calendar month, we’ll waive that month's account keeping fee.

    When linked to a Visa Debit Card or rediCARD, you can use over 3,000 ATMs in rural, regional and metro locations – at any rediATM, or EFTPOS outlet. This means your money is never far away.

    You can also choose to manage your money though a range of options to suit your lifestyle. You’ll get access to your funds via:


    • Unlimited withdrawals at over 3,000 rediATMs – with no ATM access charge
    • EFTPOS – make unlimited transactions if you push ‘credit’ when making a purchase with a Visa Debit Card
    • Mobile Banking, Online Banking and Telephone Banking
    • 39 Defence Bank branches around Australia.

    Salary Saver - Defence Bank

    Need to talk?
    Call 1800 033 139
  • Interest rates

    Effective 14 November 2016

    Rates for Term Deposits


    Premium (minimum investment $1,000)
    $1,000 - $1,000,000
    10 months
    2.65% pa

    Standard (minimum investment $1,000)
    $1,000 - $1,000,000
    3 months
    2.20% pa
    6 months
    2.30% pa
    9 months
    2.35% pa
    12 months
    2.35% pa
    24 months
    3.00% pa

    * If your deposit is over $1,000,000, please call our Investments Team on 1800 979 188 to discuss.

    Rates for Defence Bank Retirement Savings Account:


    Variable rate option
    Balance
    Percentage Rate
    $1 - $9,999
    1.00% pa
    $10,000 and over
    1.75% pa

    • 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.
    • The rates quoted are gross rate of interest before deduction of government earnings tax.

    Term Deposit option
    Min Balance
    Terms
    Percentage Rate
    $10,000
    6 months
    2.35% pa
    $10,000
    12 months
    2.50% pa
    $10,000
    24 months
    2.75% pa

    • Where the 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 therefore, is added to the balance at maturity.
    • The rates quoted are gross rate of interest before deduction of government earnings tax.

    Rates for Defence Bank Super Term Deposits


    Minimum investment $10,000
    $10,000 plus
    1 year
    2.90% pa
    2 year
    3.00% pa
    3 year
    3.15% pa

    Rates for iSaver:


    Opening rate (applicable for three months)
    $0 plus
    2.40% pa

    Standard rate
    $0 plus
    1.40% pa

    • Opening rate applies to new accounts only and to the entire balance for the first three month period, it then converts to the standard rate.
    • New accounts do not include funds previously invested with Defence Bank. Limit of one iSaver account per member.
    • Interest is calculated daily on the closing balance and credited on the last day of each month.
    • Available only for deposits up to $1 million.

    Rates for the Max eSaver:

    Standard Rate
    Bonus Rate
    0.25% pa
    2.00% pa

    • If a deposit is made within the month with no withdrawals, the bonus rate, as reflected above, applies to the balance for that month.
    • Interest is calculated daily on the closing balance and credited on the last day of each month.

    Rates for Everyday Access, National Access and Salary Saver:

    Balance
    Percentage Rate
    $0 - $249.99
    nil
    $250.00 plus
    0.01%p.a

    • Interest is earned on that part of the balances that exceeds $249.99
    • Interest is calculated daily on the closing balance and credited on 31 March each year.

    Rates for Cash Management and Flexi Term:

    Min Balance
    Percentage Rate
    $0 - $999.99
    0.00% pa
    $1,000.00 - $4,999.99
    0.25% pa
    $5,000.00 - $19,999.99
    1.00% pa
    $20,000.00 - $49,999.99
    1.00% pa
    $50,000.00 plus
    1.50% pa

    • 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 on the last day of each month.

    Rates for Budget Savings and General Insurance Savings:

    Balance
    Percentage Rate
    $0 plus
    0.01% pa

    • Interest is calculated daily on the closing balance and credited on 31 March each year.

    Rates for Christmas Saver:

    Balance
    Percentage Rate
    $0 - $249.99
    nil
    $250 plus
    0.01% pa

    • Interest is earned on that part of the balance that exceeds $249.99
    • Interest is calculated daily on the closing balance and credited on 31 October each year.

    Rates for Pensioner Deeming:

    Balance
    Percentage Rate
    $0 - $49,200
    1.75% pa
    $49,201 plus
    3.25% pa

    • The first $49,200 earns interest at the lower interest rate regardless of account balance
    • Interest is calculated daily on the closing balance and credited on the last day of February, May, August and November each year.

    Rates for Kids Club:

    Min Balance
    Percentage Rate
    $0
    1.25% pa

    • Interest is calculated daily on the closing balance and credited on 31 March each year.

    Terms and Conditions Apply

    Salary Saver - Defence Bank

    Need to talk?
    Call 1800 033 139
  • To view the fees for Salary Saver, click here.
Call 1800 033 139
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