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Great news for members! Following the recent Reserve Bank decision, we're reducing our variable home loan rates by 0.25% p.a. effective 19 August 2025.
You could pay off your home loan sooner by keeping your repayments the same or manually reduce them in the Defence Bank app or Online Banking to give yourself some breathing room if cost of living pressures are tight.
We are also reducing some of our savings and term deposit interest rates.
Need a hand? Call us on 1800 033 139 - Monday to Friday between 8am and 6pm AET.
From 15 September, the standard BPAY limit will be set at $5,000. If you need more flexibility, you can adjust the limit yourself—up to $10,000. Need a higher limit temporarily? Call us on 1800 033 139.