Defence Bank Savings account reviews
Overall rating
Recent Defence Bank savings account reviews
Defence Bank Savings Account review
Processes are confusing and difficult to navigate
Has the lowest interest rates available in the industry. Customer service response is based on client rank and use. On retiring from the Defence Force service and interaction falls dramatically. Focus is on current serving members.
Defence Bank Max eSaver review
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.
Defence Bank iSaver review
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.
Defence Bank Savings Account review
Excellent
No additional comments at this time. Service of the "Defence Bank" is exceptional.
Defence Bank iSaver review
Great customer service
Owing to the placement of the bank - time taken to complete transactions are always increased.
Defence Bank Savings Account review
Defence Bank
Defence credit union are always friendly and trustworthy. Interest could be a little better.
Defence Bank Savings Account review
Great customer service
Good interest rates, lovely staff, very helpful.
Defence Bank Savings Account review
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!
Defence Bank iSaver review
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.
Defence Bank Max eSaver review
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.
Defence Bank Savings Account review
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 appears as a decline fee on the statement.
Defence Bank iSaver review
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.
Defence Bank iSaver review
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 banks. Good for defence members as it is situated on base and has some useful products just for defence members such as barracks insurance.
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Savings account comparisons on Mozo - rates updated daily
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PromotedOnline Saver
- Maximum rate
- 1.55% p.a. (for $0 to $500,000)
- standard interest rate
- 0.35% p.a.(for $0 and over)
- Govt Deposit Guarantee
- Yesup to $250,000
Bonus rate for the first 4 months from account opening
- Promoted
Progress Saver
- Maximum rate
- 0.85% p.a. (for $0 and over)
- standard interest rate
- 0.01% p.a.(for $0 and over)
- Govt Deposit Guarantee
- Yesup to $250,000
Bonus interest when you make a single deposit of $10 or more in a month and no withdrawals
- Promoted
Online Savings Account
- Maximum rate
- 1.55% p.a. (for $0 to $250,000)
- standard interest rate
- 0.10% p.a.(for $0 and over)
- Govt Deposit Guarantee
- Yesup to $250,000
Ongoing bonus rate if you make at least four tap & go™ payments per month with your Everyday Transaction Account debit card. Purchases must be processed in calendar month to be eligible for bonus interest.
- Promoted
Online Saver
- Maximum rate
- 0.80% p.a. (for $0 and over)
- standard interest rate
- 0.05% p.a.(for $0 and over)
- Govt Deposit Guarantee
- Yesup to $250,000
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.
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PromotedFast Track Saver Account
- Maximum rate
- 1.65% p.a. (for $1 to $250,000)
- standard interest rate
- 0.20% p.a.(for $1 and over)
- Govt Deposit Guarantee
- Yesup to $250,000
Ongoing bonus rate applied if in the previous month $1,000 or more is credited to the linked Day2Day Plus account and 5 eligible transactions are made by the linked account. (This second requirement has been paused until 31 August 2020).
Want more? Compare all 229 savings accounts in the Mozo comparison engine.
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