Retirement savings
  • Defence Bank Super - Join now

    Super
    Transition to Retirement
    Pension
    If you're still working or contributing to your super
    If you're nearing retirement and wish to receive a pension
    If you're retired and receiving an account-based pension

    Online, low cost super for all Australians


    Defence Bank Super is an online, low cost superannuation solution for managing your retirement benefits through every stage of your life.

    Available to all Australians, Defence Bank Super gives you control over your super or pension at the click of a button via Online Banking, and you can manage and change your investment options anywhere, anytime.


    Investment options for all life stages


    Whether you’re just starting out growing your super, or you’re nearing retirement, Defence Bank Super has investment options to suit you:
    • Transition to retirement and account-based pensions available.

    Low fees


    Your superannuation funds your retirement, so why should it be eaten away with fees? Defence Bank Super has low fees to make sure more of your nest egg is there for you to enjoy when you reach retirement – find out more about fees and costs for Defence Bank Super.

    How to join


    If you’re already a Defence Bank member, you can open a Defence Bank Super account immediately via Online Banking. You don't need to fill out any paperwork and it only takes a few minutes to join.

    Want to find out more?


    To find out more about Defence Bank Super, contact us today. One of our qualified financial experts will be happy to answer your questions.

    Important information
    This information does not take into account your personal objectives, financial situation or needs. You should read the Product Disclosure Statement (PDS) available above before making a decision to acquire this product. Fees and charges apply, refer to the Fees and Costs Fact Sheet for more information.

    Insurance cover is provided to eligible Fund members by TAL Life Limited (ABN 70 050 109 450 AFSL 237848), subject to eligibility criteria and acceptance by TAL. Insurance cover may cease in certain circumstances including if there are insufficient funds held in your Defence Bank Super account to pay insurance premiums, refer to the
    Insurance Fact Sheet for further information.

    Defence Bank Super is issued by Equity Trustees Superannuation Limited (ABN 50 055 641 757 AFSL 229757) as trustee of the CUBS Superannuation Fund (ABN 90 120 177 925). Defence Bank Limited (ABN 57 087 651 385 AFSL/Australian Credit Licence 234582) is the sub-promoter of the CUBS Superannuation Fund.

    The Trustee or Defence Bank Limited and associated or related entities do not guarantee the return of capital or the performance of the fund, this product or any investment options.


  • 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

    Defence Bank Super

    Need to talk?
    Call 1800 979 188
  • If you're still working and contributing to your super, Defence Bank Super is a low cost, simple way to manage your super as it grows.

    Via Defence Bank Online Banking, you can change your investment options 24 hours a day, 7 days a week. You can choose from a range of different investment options, for whichever stage of life you may be at.

    Best of all, you can take Defence Bank Super with you anywhere. If you change jobs or careers, it's always there with you, visible in Online Banking.


    Features of Defence Bank Super include:
    Low fees means more of your super is working to fund your retirement - find out more
    Choose from Cash Plus, Conservative, Balanced or Growth investment options and a range of Term Deposits - find out more
    Apply online through Defence Bank Online Banking, with no paperwork to complete
    View your super account in Online Banking, next to you other Defence Bank accounts
    Check balances and change investment options at any time through Online Banking
    Access to automatic insurance cover available, to suit your life stage, including Death Cover, Total Permanent Disability and Income Protection

    How to join


    If you’re already a Defence Bank member, you can open a Defence Bank Super account immediately via Online Banking. You don't need to fill out any paperwork and it only takes a few minutes to join.

    If you’re not a Defence Bank member, you can find out how to become a member here. Once you’ve joined, you can open a Defence Bank Super account via Online Banking.

    Find out more


    To find out more about Defence Bank Super, contact us today. One of our qualified financial advisors will be happy to answer your questions.

    Important information
    This information does not take into account your personal objectives, financial situation or needs. You should read the Product Disclosure Statement (PDS) available above before making a decision to acquire this product. Fees and charges apply, refer to the Fees and Costs Fact Sheet for more information.

    Insurance cover is provided to eligible Fund members by TAL Life Limited (ABN 70 050 109 450 AFSL 237848), subject to eligibility criteria and acceptance by TAL. Insurance cover may cease in certain circumstances including if there are insufficient funds held in your Defence Bank Super account to pay insurance premiums, refer to the
    Insurance Fact Sheet for further information.

    Defence Bank Super is issued by Equity Trustees Superannuation Limited (ABN 50 055 641 757 AFSL 229757) as trustee of the CUBS Superannuation Fund (ABN 90 120 177 925). Defence Bank Limited (ABN 57 087 651 385 AFSL/Australian Credit Licence 234582) is the sub-promoter of the CUBS Superannuation Fund.

    The Trustee or Defence Bank Limited and associated or related entities do not guarantee the return of capital or the performance of the fund, this product or any investment options.

    Defence Bank Super - Pensions

    Need to talk?
    Call 1800 979 188
  • Defence Bank Super has two pension options - transition to retirement and account-based pensions. Both pensions are an easy, low cost way to manage your super.

    Via Defence Bank Online Banking, you can switch between investment options or set your income needs with a 1, 2 or 3 year Term Deposit.


    Features of Defence Bank Pensions include:
    Low fees means more of your super is working to fund your retirement - find out more
    Join through Defence Bank Online Banking, with no paperwork to complete
    See your super account in Online Banking, next to your other Defence Bank accounts
    Switch your investment options via Online Banking, 24 hours a day, 7 days a week
    Choose from Cash Plus, Conservative, Balanced or Growth investment options – find out more
    Tax-effective transition to retirement and account-based pensions available
    Set your income needs with a range of safe Term Deposits.

    How to join


    If you’re already a Defence Bank member, you can open a Defence Bank Super account immediately via Online Banking. You don't need to fill out any paperwork and it only takes a few minutes to join.

    If you’re not a Defence Bank member, you can find out how to become a member here. Once you’ve joined, you can open a Defence Bank Super account via Online Banking.

    Find out more


    To find out more about Defence Bank Super, contact us today. One of our qualified financial advisors will be happy to answer your questions.

    Important information
    This information does not take into account your personal objectives, financial situation or needs. You should read the Product Disclosure Statement (PDS) available above before making a decision to acquire this product. Fees and charges apply, refer to the Fees and Costs Fact Sheet for more information.

    Insurance cover is provided to eligible Fund members by TAL Life Limited (ABN 70 050 109 450 AFSL 237848), subject to eligibility criteria and acceptance by TAL. Insurance cover may cease in certain circumstances including if there are insufficient funds held in your Defence Bank Super account to pay insurance premiums, refer to the
    Insurance Fact Sheet for further information.

    Defence Bank Super is issued by Equity Trustees Superannuation Limited (ABN 50 055 641 757 AFSL 229757) as trustee of the CUBS Superannuation Fund (ABN 90 120 177 925). Defence Bank Limited (ABN 57 087 651 385 AFSL/Australian Credit Licence 234582) is the sub-promoter of the CUBS Superannuation Fund.

    The Trustee or Defence Bank Limited and associated or related entities do not guarantee the return of capital or the performance of the fund, this product or any investment options.

    Pensioner Deeming - Defence Bank

    Need to talk?
    Call 1800 979 188
  • Investment performance


    Super
    Transition to Retirement
    Pension
    If you're still working or contributing to your super
    If you're nearing retirement and wish to receive a pension
    If you're retired and receiving an account-based pension

    Risk and return


    See below for an indication of risk and return profiles of Defence Bank Super. As Defence Bank Super is a new fund, information about the actual asset allocation and performance at the end of each financial year will be published in an Annual Report, available online at defencebank.com.au/super.

    Option
    Cash Plus Option
    Conservative Option
    Balanced Option
    Growth Option
    High Growth Option
    Term Deposits*
    Investor Profile
    This option is intended to be suitable for members looking for stability, above all, who accept that long-term investment returns are likely to be the lowest of all investment options.
    This option is intended to be suitable for members seeking a low risk, diversified portfolio with
    a small exposure to growth assets,
    capital stability and some capital growth potential.

    This option is intended to be suitable for members with an average tolerance for risk who are seeking a balance between income and capital growth assets.
    This option is intended to be suitable for members with an above average tolerance for risk who are seeking long-term capital growth.
    This option is intended for members with a tolerance for high levels of risk and are seeking long-term capital growth.
    This option is intended to be suitable for conservative members who want very low levels of risk and to preserve their capital.
    Investment Returns Objective
    To achieve returns (after tax and fees) in line with 50% RBA cash rate + six-month bank bills over a rolling 1 year period.
    To achieve returns (after tax and fees) that exceed CPI by at least 1.50% over a rolling 5 year period.
    To achieve returns (after tax and fees) that exceed CPI by at least 2.50% over a rolling 5 year period.
    To achieve returns (after tax and fees) that exceed CPI by at least 3.25% over a rolling 5 year period.
    To achieve returns (after tax and fees) that exceed CPI by at least 4.0% over a rolling 5 year period.
    To achieve returns (after tax and fees) in line with 50% RBA cash rate + six-month bank bills over a
    rolling 1 year period.

    Strategic Asset Allocation
    Australian Equities 0%
    International Equities 0%
    Property 0%
    Fixed Interest 50%
    Cash 50%

    Australian Equities 14%
    International Equities 10%
    Property 3%
    Fixed Interest 30%
    Cash 43%

    Australian Equities 22%
    International Equities 18%
    Property 5%
    Fixed Interest 30%
    Cash 25%

    Australian Equities 31%
    International Equities 25%
    Property 7%
    Fixed Interest 34%
    Cash 3%

    Australian Equities 40%
    International Equities 40%
    Property 10%
    Fixed Interest 10%
    Cash 0%

    Available Terms
    1 year
    2 years
    3 years

    Recommended Minimum Investment Timeframe
    Short term
    (No minimum)

    Short to Medium term investors (usually three to five years)
    Medium to Long term investors (usually five years plus)
    Long-term investors (usually seven
    years plus)

    Long-term investors (seven to ten years or more)
    Recommended Minimum Investment Timeframe
    (1 to 3 years, depending on the term of the deposit)

    Risk Level
    Estimated number of negative annual returns over any 20 year period is less than 0.5.
    Estimated number of negative annual returns over any 20 year period is one to less than 2.
    Estimated number of negative annual returns over any 20 year period is two to less than 3.
    Estimated number of negative annual returns over any 20 year period is three to less than 4.
    Estimated number of negative annual returns over any 20 year period is four to less than 6.
    Estimated number of negative annual returns over any 20 year period is less than 0.5.
    Standard Risk Level
    Very Low
    Low to Medium
    Medium
    Medium to High
    High
    Very Low
    Risk Band
    1
    3
    4
    5
    6
    1

    *You have a choice of Term Deposits issued by Defence Bank Limited (ABN 57 087 651 385, AFS License No. 234582). The Trustee is not the issuer
    of the Term Deposits. See PDS for more information about Term Deposits.


    Important information
    This information does not take into account your personal objectives, financial situation or needs. You should read the Product Disclosure Statement (PDS) available above before making a decision to acquire this product. Fees and charges apply, refer to the Fees and Costs Fact Sheet for more information.

    Insurance cover is provided to eligible Fund members by TAL Life Limited (ABN 70 050 109 450 AFSL 237848), subject to eligibility criteria and acceptance by TAL. Insurance cover may cease in certain circumstances including if there are insufficient funds held in your Defence Bank Super account to pay insurance premiums, refer to the
    Insurance Fact Sheet for further information.

    Defence Bank Super is issued by Equity Trustees Superannuation Limited (ABN 50 055 641 757 AFSL 229757) as trustee of the CUBS Superannuation Fund (ABN 90 120 177 925). Defence Bank Limited (ABN 57 087 651 385 AFSL/Australian Credit Licence 234582) is the sub-promoter of the CUBS Superannuation Fund.

    The Trustee or Defence Bank Limited and associated or related entities do not guarantee the return of capital or the performance of the fund, this product or any investment options.

    Defence Bank Super

    Need to talk?
    Call 1800 979 188
  • Defence Bank Super Fact Sheets, Forms and Product Disclosure Statements (PDS) can be found below.

    Once you've printed and completed any forms, you may return them to us in one of three ways:

    • By email to: investments@defencebank.com.au
    • By fax to: (03) 9654 2187
    • By post to: Defence Bank Super, GPO Box 4344, Melbourne VIC 3001

    Product Disclosure Statements

    This is the short form Product Disclosure Statement (PDS) for Defence Bank Super.
    This is the Product Disclosure Statement (PDS) for Defence Bank Pensions.
    This is the Product Disclosure Statement (PDS) for Defence Bank Super Term Deposits.

    Beneficiaries

    This fact sheet provides information about how your super is distributed in the event of your death.
    Complete this form to nominate beneficiaries of your superannuation for lump sum payments.

    Contributions and Withdrawals

    This fact sheet provides information about the different contributions that may be made into your super account.
    Complete this form to make employer contributions to your Defence Bank Super account, via direct debit.
    Complete this form if your employer will make contributions to your Defence Bank Super account via BPAY or cheque.
    Complete this form if you or your spouse are making contributions by cheque to your Defence Bank Super account.
    Complete this form to make personal contributions to your Defence Bank Super account, via direct debit.
    Complete this form if you have made a contribution to your superannuation account and are intending to claim a tax deduction.
    Complete this form if you are 65 or over, employed and would like to make contributions to your superannuation.
    Complete this form if you are transferring your superannuation from another super fund to your Defence Bank Super account.
    • Withdrawal Request
    To access the Withdrawal Form, please call Defence Bank's Investments Team on
    1800 979 188 AEST Monday to Friday, 8am to 4pm.


    Fees and Costs

    This document shows the fees and other costs relevant to Defence Bank Super.

    Insurance

    This fact sheet provides information about insurance cover through Defence Bank Super.

    Investment Profile

    This fact sheet provides information about investment options available in Defence Bank Super.
    Complete this form to nominate how you would like your future contributions invested.

    Investment Switch

    Complete this form to select/modify how your current pension balance is invested.
    Complete this form to select/modify how your current super balance is invested.

    Pensions

    Complete this form to provide us with your Tax File Number if you are applying for an income stream and you are aged 55 to 59.
    Complete this form to change your pension details, including payment frequency, amount and payment account details.
    Complete this form to transfer your superannuation to a Defence Bank Pension.

    Other

    This fact sheet provides information about when and how you can access your super.
    • Defence Bank Super application form
    Join here or call Defence Bank's Investments Team on 1800 979 188 AEST Monday to Friday, 8am to 4pm to access the Defence Bank Super application form.
    Complete this form to change your personal details.
    This Letter of Compliance confirms that Defence Bank Super complies with all relevant Australian legislation. Provide this letter to your current superannuation fund when rolling funds over to Defence Bank Super.
    Use this listing to identify your occupation for insurance purposes.
    This fact sheet provides information about important things you should know about this product, including the cooling off period, complaints resolution and privacy.



    Important information
    This information does not take into account your personal objectives, financial situation or needs. You should read the Product Disclosure Statement (PDS) available above before making a decision to acquire this product. Fees and charges apply, refer to the Fees and Costs Fact Sheet for more information.

    Insurance cover is provided to eligible Fund members by TAL Life Limited (ABN 70 050 109 450 AFSL 237848), subject to eligibility criteria and acceptance by TAL. Insurance cover may cease in certain circumstances including if there are insufficient funds held in your Defence Bank Super account to pay insurance premiums, refer to the
    Insurance Fact Sheet for further information.

    Defence Bank Super is issued by Equity Trustees Superannuation Limited (ABN 50 055 641 757 AFSL 229757) as trustee of the CUBS Superannuation Fund (ABN 90 120 177 925). Defence Bank Limited (ABN 57 087 651 385 AFSL/Australian Credit Licence 234582) is the sub-promoter of the CUBS Superannuation Fund.

    The Trustee or Defence Bank Limited and associated or related entities do not guarantee the return of capital or the performance of the fund, this product or any investment options.

    Defence Bank Super

    Need to talk?
    Call 1800 979 188
Call 1800 033 139
phone