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Defence Bank savings account reviews

Defence Bank
Defence Bank's overall rating for savings accounts

(as rated by the Mozo community)

6.7 / 10

based on 58 reviews

Price

Features

Customer service

Convenience

Trust

Featured savings account from Defence Bank

Recent Defence Bank savings account reviews

Defence Bank

Defence Bank Max eSaver Max eSaver review

Overall rating   8 / 10

Great service to Defence

A great bank for Defence members providing fast and easy banking. It is awesome to have a bank tailored to Defence members and it has easily accessible money overseas.

Full review

A great bank for Defence members providing fast and easy banking. It is awesome to have a bank tailored to Defence members and it has easily accessible money overseas.

    Price   8 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

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Tony, New South Wales, reviewed over 3 years ago

Defence Bank

Defence Bank iSaver iSaver review

Overall rating   10 / 10

Great rates and great service, with a smile.

Defence bank treats you like a family member. They know who you are and call you by your name , you are not a number to them. The staff are friendly and go out of their way to help you. Amazing bank and amazing people.

Full review

Defence bank treats you like a family member. They know who you are and call you by your name , you are not a number to them. The staff are friendly and go out of their way to help you. Amazing bank and amazing people.

    Price   9 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Lorraine, Queensland, reviewed over 4 years ago

Defence Bank

Defence Bank Savings Account review

Overall rating   10 / 10

Excellent

No additional comments at this time. Service of the "Defence Bank" is exceptional.

Full review

No additional comments at this time. Service of the "Defence Bank" is exceptional.

    Price   8 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   9 / 10

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Pieter, Western Australia, reviewed over 4 years ago

Defence Bank

Defence Bank iSaver iSaver review

Overall rating   5 / 10

Great customer service

Owing to the placement of the bank - time taken to complete transactions are always increased.

Full review

Owing to the placement of the bank - time taken to complete transactions are always increased.

    Price   5 / 10

    Features   5 / 10

    Customer service   10 / 10

    Convenience   2 / 10

    Trust   5 / 10

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Peter, Queensland, reviewed over 4 years ago

Defence Bank

Defence Bank Savings Account review

Overall rating   9 / 10

Defence Bank

Defence credit union are always friendly and trustworthy. Interest could be a little better.

Full review

Defence credit union are always friendly and trustworthy. Interest could be a little better.

    Price   8 / 10

    Features   7 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   9 / 10

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Liz, New South Wales, reviewed over 4 years ago

Defence Bank

Defence Bank Savings Account review

Overall rating   9 / 10

Great customer service

Good interest rates, lovely staff, very helpful.

Full review

Good interest rates, lovely staff, very helpful.

    Price   10 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Lynette, Victoria, reviewed over 4 years ago

Defence Bank

Defence Bank Max eSaver Max eSaver review

Overall rating   10 / 10

a bank I highly recommend

Great bank to be part of

Full review

Great bank to be part of

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Vanessa, New South Wales, reviewed over 4 years ago

Defence Bank

Defence Bank iSaver iSaver review

Overall rating   10 / 10

Great

Great for ADF staff

Full review

Great for ADF staff

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Anthony, New South Wales, reviewed over 4 years ago

Defence Bank

Defence Bank Savings Account review

Overall rating   8 / 10

Fantastic customer service

The staff are extremely helpful, more so as we are travelling and can't easily get to a branch. A simple phone call gets results, and the issue is solved. Would recommend Defence Bank at any time!

Full review

The staff are extremely helpful, more so as we are travelling and can't easily get to a branch. A simple phone call gets results, and the issue is solved. Would recommend Defence Bank at any time!

    Price   9 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   5 / 10

    Trust   10 / 10

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Mike, New South Wales, reviewed over 4 years ago

Defence Bank

Defence Bank iSaver iSaver review

Overall rating   9 / 10

Has all the features you want, no bells & whistles

I like that the bank is a not for profit organisation so it is running for the benefit of its members and not shareholders. They understand the military and assist in being flexible where possible.

Full review

I like that the bank is a not for profit organisation so it is running for the benefit of its members and not shareholders. They understand the military and assist in being flexible where possible.

    Price   9 / 10

    Features   2 / 10

    Customer service   10 / 10

    Convenience   7 / 10

    Trust   10 / 10

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Carolyn, New South Wales, reviewed over 4 years ago

Defence Bank

Defence Bank Max eSaver Max eSaver review

Overall rating   8 / 10

Fantastic service.

Defence Bank is primarily for defence members but is also available for "civilians". Most branches are on defence establishments, but the staff are always more than happy to help you.

Full review

Defence Bank is primarily for defence members but is also available for "civilians". Most branches are on defence establishments, but the staff are always more than happy to help you.

    Price   6 / 10

    Features   4 / 10

    Customer service   9 / 10

    Convenience   3 / 10

    Trust   10 / 10

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Nathan, Victoria, reviewed almost 5 years ago

Defence Bank

Defence Bank Savings Account review

Overall rating   6 / 10

Disappointing fees

Tend to not be as competitive in many areas, one of the few banks that charge a fee for entering an incorrect pin number (ATM $0.50, EFTPOS $1.50). Although in fees schedule and meeting required disclosure, many people don't know its there, just...

Full review

Tend to not be as competitive in many areas, one of the few banks that charge a fee for entering an incorrect pin number (ATM $0.50, EFTPOS $1.50). Although in fees schedule and meeting required disclosure, many people don't know its there, just appears as a decline fee on the statement.

    Price   6 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   6 / 10

    Trust   5 / 10

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Col, South Australia, reviewed over 5 years ago

Defence Bank

Defence Bank iSaver iSaver review

Overall rating   8 / 10

Competitive, supportive and convenient

I have been very satisfied with my banking at Defence Bank and have found them to be competitive, helpful and convenient. They understand Defence and work with their members to reach a common goal.

Full review

I have been very satisfied with my banking at Defence Bank and have found them to be competitive, helpful and convenient. They understand Defence and work with their members to reach a common goal.

    Price   9 / 10

    Features   7 / 10

    Customer service   7 / 10

    Convenience   5 / 10

    Trust   8 / 10

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Ellen, New South Wales, reviewed almost 6 years ago

Defence Bank

Defence Bank iSaver iSaver review

Overall rating   2 / 10

Uncompetitive with poor interest rates

The interest rates on the savings account is very low compared to other banks. The Internet banking site is complex and difficult to use. The customer service is not the best and simple activities may take longer to process than at other...

Full review

The interest rates on the savings account is very low compared to other banks. The Internet banking site is complex and difficult to use. The customer service is not the best and simple activities may take longer to process than at other banks. Good for defence members as it is situated on base and has some useful products just for defence members such as barracks insurance.

    Price   4 / 10

    Features   4 / 10

    Customer service   3 / 10

    Convenience   2 / 10

    Trust   10 / 10

Less

Rachael , New South Wales, reviewed about 6 years ago

Defence Bank

Defence Bank iSaver iSaver review

Overall rating   10 / 10

Excellent customer service and great intiatives

Defence Bank at RAAF Base Pearce has staff who are very conciuous of providing the best service possible to their customers. They even have the intitiative to offer improvements to existing bank accounts as well as offering best options for...

Full review

Defence Bank at RAAF Base Pearce has staff who are very conciuous of providing the best service possible to their customers. They even have the intitiative to offer improvements to existing bank accounts as well as offering best options for overseas travel. Their demeanour is friendly and very courteous. Additionally their help line in Melbourne is just as courteous when having to use that service too.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Paul, Western Australia, reviewed about 6 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Savings account comparisons on Mozo - rates updated daily

  • MOZO EXPERTS CHOICE AWARDS 2019

    UBank USaver with Ultra Transaction Account

    UBank USaver with Ultra Transaction Account

    • Bonus interest. Conditions apply
    • Visa Debit Card with Visa PayWave
    • No monthly account keeping fees

    Maximum rate

    2.10% p.a. (for $0 to $200,000)

    Bonus interest only applies on funds held in linked USaver account if $200 deposited into either account in the month from an external source.

    standard interest rate

    1.04% p.a.(for $0 to $5,000,000)

    account fee per month

    $0.00

    Go to site

    More info

    • Bonus interest. Conditions apply
    • Visa Debit Card with Visa PayWave
    • No monthly account keeping fees
    • Maximum rate conditions: Bonus interest only applies on funds held in linked USaver account if $200 deposited into either account in the previous month from an external source and the combined balance is less than $200,000.
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    8.5

    Based on 673 UBank savings account reviews

    Need more information?
    Go to site

    More info

  • MyState Bank Bonus Saver Account

    MyState Bank Bonus Saver Account

    • No monthly account keeping fees
    • Deposits up to $250,000 per customer are guaranteed by the Australian Government
    • Enjoy bonus interest when you deposit $20 or more in to your Bonus Saver Account and make 5 or more eligible VISA Debit card transactions from your linked account each month

    Maximum rate

    2.25% p.a. (for $0 to $150,000)

    Bonus rate when at least $20 is deposited each month and five Visa Debit transactions are made each month using linked Everyday or Glide transaction accounts.

    standard interest rate

    0.55% p.a.(for $0 and over)

    account fee per month

    $0.00

    Go to site

    More info

    • No monthly account keeping fees
    • Deposits up to $250,000 per customer are guaranteed by the Australian Government
    • Enjoy bonus interest when you deposit $20 or more in to your Bonus Saver Account and make 5 or more eligible VISA Debit card transactions from your linked account each month
    • Maximum rate conditions: Bonus rate when at least $20 is deposited each month and five Visa Debit transactions are made each month using linked Everyday or Glide transaction accounts.
    • Access: BPay, Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account
    Overall rating

    7.7

    Based on 178 MyState Bank savings account reviews

    Need more information?
    Go to site

    More info

  • Suncorp Growth Saver Account

    Suncorp Growth Saver Account

    • Free staff assisted transactions, Internet and phone banking
    • $0 account fees
    • $0 minimum balance

    Maximum rate

    1.95% p.a. (for $0 and over)

    Grow your balance by $200 or more and make no more than one withdrawal in the month.

    standard interest rate

    0.20% p.a.(for $0 and over)

    account fee per month

    $0.00

    Go to site

    More info

    • Free staff assisted transactions, Internet and phone banking
    • $0 account fees
    • $0 minimum balance
    • Maximum rate conditions: Grow your balance by $200 or more and make no more than one withdrawal in the month.
    • Access: Branch access, Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    8.0

    Based on 1725 Suncorp savings account reviews

    Need more information?
    Go to site

    More info

  • Rabobank High Interest Savings Account

    Rabobank High Interest Savings Account

    • Easy set up, online and mobile banking app
    • No fees, no minimum balance, no minimum monthly deposit and no minimum term
    • Kick start your savings with the 4 month introductory variable rate

    Maximum rate

    2.50% p.a. (for $0 to $250,001)

    Bonus rate for the first 4 months from account opening

    standard interest rate

    1.05% p.a.(for $0 to $250,001)

    account fee per month

    $0.00

    Go to site

    More info

    • Easy set up, online and mobile banking app
    • No fees, no minimum balance, no minimum monthly deposit and no minimum term
    • Kick start your savings with the 4 month introductory variable rate
    • Maximum rate conditions: Bonus rate for the first 4 months from account opening, reverting to standard variable rate. Rate shown is for Personal customers and is subject to change. Different rates apply to Business/SMSF customers.
    • Access: Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account
    Overall rating

    8.4

    Based on 241 Rabobank savings account reviews

    Need more information?
    Go to site

    More info

  • ANZ Online Saver

    ANZ Online Saver

    • Flexible savings account with bonus interest offer for 3 months.
    • Interest calculated daily and paid monthly
    • No minimum balance and no fixed term requirements

    Maximum rate

    1.60% p.a. (for $0 and over)

    Bonus rate for the first 3 months from account opening. The bonus rate offer is only available to new ANZ Online Saver customers who have not held an ANZ Online Saver account during the last 6 months, and apply online.

    standard interest rate

    0.10% p.a.(for $0 and over)

    account fee per month

    $0.00

    Go to site

    More info

    • Flexible savings account with bonus interest offer for 3 months.
    • Interest calculated daily and paid monthly
    • No minimum balance and no fixed term requirements
    • Maximum rate conditions: Bonus rate for the first 3 months from account opening. The bonus rate offer is only available to new ANZ Online Saver customers who have not held an ANZ Online Saver account during the last 6 months, and apply online. Offer not available to beneficiaries for an ANZ Online Saver account held on trust within the past 6 months
    • Access: BPay, Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must be linked to ANZ deposit account.
    Overall rating

    7.4

    Based on 6100 ANZ savings account reviews

    Need more information?
    Go to site

    More info

Want more? Compare all 223 savings accounts in the Mozo comparison engine.

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