Salute Account
Our Salute savings account rewards Australian Defence Force members who have been deployed, have reached 15 and 25 years of service or have transitioned with bonus interest for 12 months.
- Base rate
- 3.75%
- Bonus rate
- 5.5%
- conditions apply
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Bonus Bonus rate is the total rate payable for the first 12 months. | 5.5% | — | monthly |
| Variable Base variable rate. Account balances above $250,000. The variable rate after 12 months. | 3.75% | — | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| BPAY We don't charge a fee for BPAY | 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. | Ongoing | $96.00 |
| Dishonours (if insufficient funds) We don't charge a fee for dishonours |
Features
- Digital banking — Access via our award-winning banking app.
- Real-time payments (NPP) — Faster, Simper ways to make payments
- PayTo — A new digital way to pre-authorise payments directly from your bank account.
- Bonus rewards — A high bonus interest for 12 months
- Rewards your service milestones — Rewards deployment
- Unlimited transactions
- Bill payment (BPAY)
- BPay
Eligibility
- Available to ADF members who are within 12 Months either side of milestones.
- Product available only for members who meet a recognised ADF milestone.
- $1500 per month into your Everyday Access account.
- Employment statusOur Salute account rewards those who have been deployed, have reached 15 and 25 years of service or have transitioned out with bonus interest for 12 months.
More Information
Published by Defence Bank under the Consumer Data Right · Last updated 19 May 2026 · Product ID 119 · View on CDR.gov.au