Defence Bank offers term deposits ranging from two months to two years. The strongest rate is 5.0% p.a. available at both the 10-month and 2-year terms, paid at maturity or annually respectively. The 4-month term reaches 4.85% p.a., while most mid-range terms cluster at 4.25% p.a. Shorter terms under four months offer lower rates, with the 2-month term at 1.85% p.a. Minimum deposit requirements are not specified.
Deposits with Defence Bank are protected under the Financial Claims Scheme up to $250,000 per account holder per ADI.