--- title: "Cadet Saver — Defence Bank" description: "Transaction & Savings Accounts from Defence Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right." canonical: https://www.cdrcompare.au/brands/defence-bank/products/122 source: "CDR Compare" language: en-AU last_updated: 2026-05-20T00:00:00.000+10:00 --- # Cadet Saver — Defence Bank > Transaction & Savings Accounts from Defence Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare. **Transaction & Savings Accounts · Defence Bank Limited** Created especially for young cadets aged 12 to 17 years, our Cadet Saver account will have you and your savings looking good. ## At a glance - **Base rate:** 5% ## Apply Applications are handled by the provider: [Apply at Defence Bank](https://join.defencebank.com.au) ## Deposit rates | Type | Rate | Applies to | Interest paid | | --- | --- | --- | --- | | Variable | 5% | — | yearly | ## Fees | Fee | Type | Amount | | --- | --- | --- | | Emergency cash — When you request emergency cash while overseas other than through an ATM. The maximum amount of emergency cash available is $1,000 (at our discretion). | Event | $0.00 | | Emergency card replacement — When you request that we replace your Visa card while you are overseas. | Event | $0.00 | | Overseas ATM cash withdrawals or balance enquiries fee — We don't charge a fee Overseas ATM Cash withdrawals or balance enquiries | Event | $0.00 | | Bank@Post™ — For each cheque deposited through the Bank@Post system and subsequently dishonoured. | Event | $21.72 | | Replacement Visa card within Australia — We don't charge a fee for Replacement Visa card within Australia | Event | $0.00 | | Bank@Post (withdrawals and deposits) — We don't charge a fee for Bank@Post (withdrawals and deposits) | Event | $0.00 | | Domestic ATM cash withdrawals or balance enquiries — Free withdrawals and balance enquires at Major Banks and ATMx, (all other ATMs may charge a direct charge) | Event | $0.00 | | Visa foreign currency conversion fee — The fee we charge when you make a payment or a deposit or obtain a cash advance overseas. | Event | 3% of transaction (Event) | | Defence Bank ATM cash withdrawals or balance enquiries — We don't charge a fee for Defence Bank ATM cash withdrawals or balance enquiries | 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 | Event | $0.00 | | EFTPOS transactions — We don't charge a fee for EFTPOS transactions | 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 | | BPAY — We don't charge a fee for BPAY | Event | $0.00 | | Internal transfers between Defence Bank accounts — We don't charge a fee for Internal transfers between Defence Bank accounts | Event | $0.00 | | Monthly account-keeping fee — We don't charge a monthly account-keeping fee | Ongoing | $0.00 | | PayTo — We don't charge a fee for PayTo | Event | $0.00 | ## Features - **Lock & Block** - **Card access** — Set your own pin - **Card access** — Your choice of camo-coloured Visa Debit Card - blue, gree, grey or pink. (Choice of Visa Debit card) - **Unlimited transactions** - **Free transactions** — Access to more than 7,000 fee-free local ATM's (No monthly account-keeping fees) - **Digital banking** — Digital banking with our award wining App - **Bank@Post** — Bank@Post facility available - **Bill payment (BPAY)** (BPay) - **Digital wallet** — Compatible with digital wallets from Apple, Garmin, Google and Samsung - **Digital wallet** — Replace lost or stolen cards immediately. Using Quick Cards, Members can order a replacement card within the app and be issued with a virtual card that they can add to their digital wallet and use immediately. This removes the stress and inconvenience of having to wait until the physical card arrives to access funds. (Quick Cards) - **Notifications** — As an added security feature, Members can now set up transaction alerts on a nominated card via the mobile app to notify them whenever their account has been credited or debited. This is an optional feature that can be turned off and on. (Card Alerts) - **PayID** - **Real-time payments (NPP)** — Faster, Simper ways to make payments - **PayTo** — a new digital way to pre-authorise payments directly from your bank account. ## Eligibility - **Maximum age** — 17 years - **Minimum age** — 12 years - **Created especially for cadets aged 12 to 17 years, our Cadet Saver account will have you and your savings looking good.** ## Constraints - **Maximum balance** (Available only for deposits up to $1 million.) ## More information from Defence Bank - [Overview](https://www.defencebank.com.au/banking/savings-accounts/cadet-saver/) - [Terms & conditions](https://www.defencebank.com.au/tools-and-advice/legal-and-compliance/disclosure-documents/) - [Eligibility](https://www.defencebank.com.au/banking/savings-accounts/cadet-saver/) - [Fees & pricing](https://www.defencebank.com.au/banking/savings-accounts/cadet-saver/) ## Data provenance - Published by Defence Bank under the Consumer Data Right - Product ID: `122` - Last updated by the provider: 19 May 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/defence-bank/122 - Provider page: https://www.cdrcompare.au/brands/defence-bank - CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000117 --- Source: [CDR Compare](https://www.cdrcompare.au/brands/defence-bank/products/122) — product data published by Australian data holders under the Consumer Data Right. 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