---
title: "Term Deposit 2 months — Defence Bank"
description: "Term Deposits 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/240
source: "CDR Compare"
language: en-AU
last_updated: 2026-05-20T00:00:00.000+10:00
---

# Term Deposit 2 months — Defence Bank

> Term Deposits from Defence Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Term Deposits · Defence Bank Limited**

Fixed Term Deposits start from as little as $1,000, and you can choose a range of terms that works for you between 30 days and 24 months.

## At a glance

- **Fixed rate:** 2.1% (2 months)

## Apply

Applications are handled by the provider: [Apply at Defence Bank](https://join.defencebank.com.au)

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Fixed · 2 months (Where terms exceed 12 months, interest is capitalised annually. Interest payable in respect of the last 12 months or part thereof is added to the balance at maturity.) | 2.1% | — | every 2 months |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Early Withdrawal Penalty — Early withdrawal may incurr a partial loss of interest accrued depending on the Term remaining at the time of ealry withdrawal. | Exit | $30.00 |

## Features

- **Digital banking** (View your term deposit with convenient Online Banking.)
- **Fixed rate for the life of the Term.**

## Eligibility

- **Individuals only** — The Member must be a natural person rather than another legal entity (Individuals and Joint accounts only.)
- **Available on request only**

## Constraints

- **Minimum balance** — $1,000.00 (The Member must be a natural person rather than another legal entity)
- **Maximum balance** — $1,000,000.00 (All term deposit rates are for amounts up to $1million. For larger amounts please contact us to discuss your options.)

## More information from Defence Bank

- [Overview](https://www.defencebank.com.au/banking/term-deposits/term-deposit)
- [Terms & conditions](https://www.defencebank.com.au/tools-and-advice/legal-and-compliance/disclosure-documents/)
- [Eligibility](https://www.defencebank.com.au/banking/term-deposits/term-deposit)
- [Fees & pricing](https://www.defencebank.com.au/banking/term-deposits/term-deposit)

## Data provenance

- Published by Defence Bank under the Consumer Data Right
- Product ID: `240`
- Last updated by the provider: 19 May 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/defence-bank/240
- 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/240) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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