Savings account
iSaver
Current savings rate from Defence Bank. Compare the ongoing rate, bonus conditions, introductory offers, and eligibility in one place.
iSaver
View on bank website ↗
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.
What to know
This page focuses on the ongoing rate: 0.50% p.a. That is the rate after any honeymoon period ends.
This account is effectively a no-hoops saver: there are no bonus conditions recorded for the current rate.