Recruit Salary Saver
We know that starting out financially can be a challenge. That’s why we’ve introduced our Recruit Salary Saver Account exclusively for new Defence Force Recruits. It’s a simple everyday transaction account that has a high interest rate to give new Recruits a financial head start in their careers.
- Base rate
- 2%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 2% | — | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Cash advance at other financial institution | Withdrawal | $4.50 |
| Foreign drafts | Transaction | $20.00 |
| Inactive fee for accounts inactive 12 months
or greater Charged monthly | Ongoing | $2.00 |
| Telegraphic transfers (online) | Transaction | $20.00 |
| Declined transactions (insufficient funds) ATM and EFTPOS within Australia | Transaction | $0.80 |
| Periodical payment - insufficient funds rejection fee | Transaction | $5.00 |
| Telegraphic transfers (foreign currency) | Transaction | $30.00 |
| Direct debit dishonour - electronic | Transaction | $10.00 |
Features
- Notifications — Members can set up a variety of notifications in Internet Banking
- Digital banking
- PayID
- Real-time payments (NPP)
- Bill payment (BPAY) — BPAY
- Card access — Visa Debit with no annual fee
- Additional cards
- Digital wallet — Apple Pay, Google Pay, Samsung Pay. Garmin Pay, Fitbit Pay
Eligibility
- Minimum age — 12 years
- Maximum age — 30 years
More Information
Published by Australian Military Bank under the Consumer Data Right · Last updated 31 May 2026 · Product ID a1a3eba2-34ff-45f2-b097-905a0f845834 · View on CDR.gov.au