Savings account

iSaver

Current savings rate from Defence Bank. Compare the ongoing rate, bonus conditions, introductory offers, and eligibility in one place.

0.50% p.a.
ongoing rate
Rate breakdown
Base rate: 0.50%
How to earn it
Introductory rate
5.60% for 6 months

Then reverts to 0.50% ongoing rate.

Rate current since 29 May 2026.

What to know

This page focuses on the ongoing rate: 0.50% p.a. That is the rate after any honeymoon period ends.

Note: The introductory rate of 5.60% p.a. applies for 6 months only. After that it drops to the ongoing rate of 0.50% p.a., which is below most competitive savings accounts. Consider comparing ongoing rates before committing.

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The information on this page is general in nature and does not constitute financial advice. Rates are subject to change — verify directly with the provider before making a financial decision.

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