Defence Bank iSaver

savings accountterms checked

iSaver is a savings account from Defence Bank. It pays 0.50% p.a. with no bonus conditions; a bonus rate of 5.25% for the first 6 months (4.75% above the base rate).

Rate tiers

Every balance band in the bank's feed: base is the rate the bank pays, intro the rate in the introductory period.

One rate on every balance.

The bank's feed calls the intro column a bonus rate: the whole rate for the first 6 months of a new account, 4.75% above the base rate; after it the account pays its base rate, 0.50%.

The feed states a maximum balance of $250,000.

Conditions

• rates confirmed on the bank's own page on 2026-10-30: 0.50% base plus a 4.75% introductory bonus for the first six months on balances up to $250,000, 5.25% in all
• only one new iSaver account per membership, joint accounts included, gets the intro bonus
• the 4.75% intro bonus covers balances up to $250,000 only; above that the 0.50% base rate applies
• also open to self-managed super funds (SMSFs), on request: SMSF trustees can open it on request, and Defence Bank will ask for a copy of the trust deed; its Products and Services Conditions of Use, which govern this account, say "Trust accounts can be opened on request." and list among them a trustee account held by "trustees of a self-managed superannuation fund. When you open a trust account we will ask you for a copy of the trust deed."

Introductory rate conditions: Interest is calculated daily on the closing balance and credited on the last day of each month. Bonus rate on new accounts for the first six months up to $250,000.

Features

app

yes

Osko

yes

PayID

yes

BPAY

yes

joint accounts

yes

Fees, limits and who can open it

monthly fee

$0

maximum balance

$250,000

interest paid

monthly

interest calculated

daily

open to

personal and SMSF customers

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

• One iSaver per member, including Joint accounts. New accounts do not include funds previously invested with Defence Bank.

About this account

An introductory bonus rate on new accounts for the first six months up to $250,000.

Data

• Defence 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.
• We read the bank's own page and terms against this page on 1 November 2026: isaver, www.defencebank.com.au, defence-bank-products-and-services-conditions-of-use.pdf, defence-bank-fees-and-charges-schedule.pdf, defence-bank-summary-of-accounts-and-access-facilities.pdf, disclosure-documents; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/defence-bank.json: this bank's accounts and every balance band as JSON; Defence Bank's page lists them.
• The bank last updated this record on 8 July 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 Defence Bank

• Cadet Saverstale savings account, 5.25% base at $50,000
• Kids Club Savingsstale savings account, 5.25% base at $50,000
• Max E Saverstale savings account, 5.30% conditional at $50,000
• Salute Accountstale savings account, 4.00% base at $50,000
• Teen Saverstale savings account, 5.25% base at $50,000
• Everyday Accessstale transaction account, 0.00% base at $50,000

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