Australian Military Bank Military Rewards Account

transaction accountstale

Military Rewards Account is a transaction account from Australian Military Bank. It pays 0.01% p.a. with no bonus conditions.

Not ranked: a transaction (everyday) account, not a savings account.

Rate tiers

Every balance band in the bank's feed: base is the rate the bank pays.

One rate on every balance, with no upper limit.

Conditions

• not updated by the bank since 2026-09-14, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
• also open to self-managed super funds (SMSFs): its Account and Access Facility Terms and Conditions, which govern this account, say "You can open an account as a trust account, including a Self-Managed Super Fund (SMSF)."

Features

card

Visa Debit with no annual fee

app

yes

Osko

yes

PayID

yes

BPAY

yes

notifications

yes

wallets

Apple Pay, Google Pay, Samsung Pay. Garmin Pay, Fitbit Pay

Other features, in the bank's words:

• 1% cash back on Visa payWave purchases under $100 when you deposit at least $2,000 each month(excluding transfers from other RSL Money or Australian Military Bank accounts) (capped at $25 per month)
• Cents gifting program to selected Defence charities

Fees, limits and who can open it

monthly fee

no monthly fee stated

other fees named

Bank@Post cheque dishonour fee, EFTPOS dispute fee, Emergency replacement Visa card (within Australia) Bank processing fee, Overseas Visa card replacement Bank processing fee, Archive retrieval fee, Foreign Currency Conversion fee, Foreign Cash (no amount in the feed)

interest paid

monthly

interest calculated

daily

age

ages 18 and over

open to

personal and SMSF customers

Who can open it, in the bank's own words:

• residency: Individuals must be citizens or permanent residents of Australia.

About this account

The perfect everyday spending companion, the Military Rewards Account features 1% cash back (with a $25 monthly cap) on Visa payWave purchases under $100, free Australian Military Bank ATM withdrawals and our cents gifting program.

Data

• Australian Military Bank's own page for this account.
• The bank's documents its product record links to: terms and conditions, fees, eligibility.
• Our verbatim snapshot of the bank's product record (source), as fetched on 22 October 2026.
• /au/finance/savings-accounts/v1/brands/australian-military-bank.json: this bank's accounts and every balance band as JSON; Australian Military Bank's page lists them.
• The bank last updated this record on 14 September 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.

Other accounts at Australian Military Bank

• Christmas Clubstale savings account, 2.00% base at $50,000
• DIY Super Saverstale savings account, 4.35% base at $50,000
• Online Saver savings account, 5.10% conditional at $50,000
• Pension Access Accountstale savings account, 2.00% base at $50,000
• Recruit Salary Saverstale savings account, 2.00% base at $50,000
• Access Accountstale transaction account, 0.01% base at $50,000
• Military Clubs Accountstale transaction account, 0.01% base at $50,000
• Military Kids Account transaction account, 0.01% base at $50,000

All of Australian Military Bank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.