Everyday Banking
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Salute account

Our reward-for-service Salute account.

It's simply our way of saying 'thank you'. We’re doing this by rewarding key milestones achieved by our members within the Australian Defence Force (ADF) by offering them a bonus high interest rate* for 12 months through our Salute account.

Eligible milestones.

Each time you first reach one of the following milestones you may open a Salute account.

  • You have reached 15 or 25 years of service in the ADF.
  • You are deployed.
  • You start receiving a seagoing allowance.
  • You retire from the ADF.
  • You resign from the ADF.
  • You are discharged from the ADF on medical grounds. 

 

I have achieved a milestone, what do I do now? 

  1. Within 90 days of achieving a milestone, complete a Salute account application form.
  2. Deliver your application form and supporting evidence to a

 

Important information to know.

When you open a Salute account, you must make a minimum monthly deposit of $1,500 into an Everyday Access account during the bonus rate period*. 

At the end of the 12-month period, your interest rate will revert to the then current Salute account base rate.  

 *If a minimum monthly deposit of $1,500 into an Everyday Access account is not made during the bonus rate period, subject to our discretion, we may treat your Salute account as a Defence Bank everyday Access account.

Call 1800 033 139
phone
BSB 833-205