iSaver
An introductory bonus rate on new accounts for the first six months up to $250,000.
- Base rate
- 0.5%
- Bonus rate
- 5.25%
- conditions apply
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Interest is calculated daily on the closing balance and credited on the last day of each month. | 0.5% | — | monthly |
| Bonus Interest is calculated daily on the closing balance and credited on the last day of each month. | 5.25% | — | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| BPAY We don't charge a fee for BPAY | Event | $0.00 |
| Pay anyone using a BSB and account or PayID We don't charge a fee for Pay anyone using a BSB and account number or PAYID | Event | $0.00 |
| 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. |
Features
- Bonus rewards — High 6 month introductory bonus interest rate on new accounts.
- Free transactions — No monthly account-keeping fees.
- Digital banking — Access via our award-winning banking app, Online Banking and telephone banking only.
- Bill payment (BPAY)
- B Pay
- Real-time payments (NPP) — Faster, Simper ways to make payments
- PayID
Eligibility
- One iSaver per member, including Joint accounts. New accounts do not include funds previously invested with Defence Bank.
Constraints
- Maximum balance — $250,000.00With its high bonus rate on new accounts for the first six months up to $250,000, our iSaver offers the highest savings rate at Defence Bank.
More Information
Published by Defence Bank under the Consumer Data Right · Last updated 7 July 2026 · Product ID 117 · View on CDR.gov.au