After a long stretch of record-low interest rates, now’s the time to enjoy healthy returns on your spare cash. And with living costs rising, there’s never been a better time to make your money work harder.
With plenty of savings accounts to choose from, how do you know which is the option for your goals? The key can lie in knowing what type of saver you are.
I’ve got a lump sum that I want to set and forget.
If you have a handy pool of cash you’d like to park securely, a term deposit can be a fuss-free solution to keep your money working hard.
You’ll earn a guaranteed fixed interest rate, and with a Defence Bank term deposit as little as $1,000 gets you started.
Just choose the term that suits your needs, or mix and match different terms for extra flexibility.
I’m a Defence Bank customer and I’d like to be rewarded for regular saving.
Good savings habits should definitely be rewarded!
Our Max eSaver lets you earn bonus interest for every month you grow your savings without making any withdrawals.
It’s a great incentive to keep working towards your savings goals, and $0 monthly account-keeping fees helps to maximise your savings.
I’m new to Defence Bank and I’m looking for a healthy return.
Welcome aboard – we’ve got just the solution!
A Defence Bank iSaver is an easy way to grow your savings.
Our generous 6-month introductory rate gets your savings off to a good start, yet you still have flexible access to your money.
I’ve been deployed, reached a milestone or transitioned out of the ADF.
At Defence Bank we recognise your service with a rewarding return on savings.
Our Salute account is available if you've been deployed in Australia or overseas, when you reach 15 and 25 years of service, or if you’ve transitioned out of the military.
If that sounds like you, Salute pays an impressive rate of interest to get your savings growing!
I’m saving for retirement.
A Defence Bank Retirement Savings Account (RSA) gives you the security of a term deposit coupled with the tax advantages of superannuation or pensions
Your money is backed by the Financial Claims Scheme and is capital guaranteed, and you don’t face the risk of negative investment returns that may be associated with other superannuation products.
Then, when retirement rolls around, you have the flexibility of drawing on your savings as a pension or a lump sum.
Not sure which savings account is right for you?
Important note: This information is of a general nature and is not intended to be relied on by you as advice in any particular matter. You should contact us at Defence Bank to discuss how this information may apply to your circumstances.