Kids Club Savings
Defence Bank Kids Club savings account is the way to go for those aged 0-11 years.
- Base rate
- 5%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Interest is calculated daily on the closing balance and credited on 31 March each year. | 5% | — | yearly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Same day transfers (via Swift/RTGS) - Inward Charged when funds transferred via Swift/RTGS (same day). | Event | $6.80 |
| Same day transfers (via Swift/RTGS) - Outward Charged when funds transferred via Swift/RTGS (same day). | Event | $11.80 |
| Record search fee Charged where you request we search our records and retrieve documents. | Event | $50.00 |
| Dormant fee This fee may be charged in certain circumstances when your membership is redeemed by us due to non-activity of more than 12 months. | Event | $20.00 |
| Ultimate Package annual fee Charged yearly · Package related to a home loan Ultimate Package. | Ongoing | $96.00 |
| Dishonours (if insufficient funds) We don't charge a fee for dishonours | Event | $0.00 |
| EFTPOS transactions We don't charge a fee for EFTPOS transactions |
Features
- Unlimited transactions — No account fees, No fees for deposits or withdrawals, No Online Banking fees including external transfers and auto transfers. No minimum deposit.
- Free transactions
- High interest
Eligibility
- Maximum age — 11 yearsThe Defence Bank Kids Club account is the way to go for those aged 0-11 years.
More Information
Published by Defence Bank under the Consumer Data Right · Last updated 19 May 2026 · Product ID 111 · View on CDR.gov.au