Defence Bank
Credit unionDefence 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.
Savings Accounts
ongoing rate
Rate breakdown
Base rate: 0.10%
Bonus rate: + 4.85%
How to earn it
If a deposit is made during the month with no withdrawals, the bonus rate applies to the balance for that month.
Rate current since 10 Apr 2026.
3.50% p.a.
ongoing rate
Rate breakdown
Base rate: 3.50%
How to earn it
No conditions
Introductory rate
8.75%
for 12 months
Then reverts to 3.50% ongoing rate.
Rate current since 30 Apr 2026.
0.50% p.a.
ongoing rate
Rate breakdown
Base rate: 0.50%
How to earn it
No conditions
Introductory rate
5.35%
for 6 months
Then reverts to 0.50% ongoing rate.
Rate current since 23 Apr 2026.