based on 284 Defence Bank product reviews as rated by Mozo community

Defence Bank savings accounts

Defence Bank was originally set up to provide financial products and services to members of the Defence force and their families. Now catering to the defence community and general public, Defence Bank offer services in savings and investment accounts, personal loans, home loans, credit cards, debit cards, term deposits and car insurance.

Defence Bank offers the following savings accounts

Rates and fees verified as correct at 28 February 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate Maximum rate Govt deposit guarantee
iSaver

1.50% p.a.(for $0 to $1,000,000)

4.75% p.a. (for $0 to $250,000)

Yes up to $250,000

Max eSaver

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

5.00% p.a. (for $0 and over)

Yes up to $250,000

How are Defence Bank savings accounts rated?

Mozo users have rated Defence Bank savings accounts on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of savings-accounts
Defence Bank savings accounts
Overall
Price
Features
Customer service
Convenience
Trust

63 Reviews

Recent Defence Bank savings account reviews

Defence Bank iSaver
Overall 8/10
Introductory Offer

good percentage rate for the introductory offer at 4.8% but only lasts for the first few months and is limited to 250K

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good percentage rate for the introductory offer at 4.8% but only lasts for the first few months and is limited to 250K

Price
8/10
Features
8/10
Customer service
9/10
Convenience
9/10
Trust
8/10
Less
Erik, New South Wales, reviewed 4 months ago
Defence Bank Max eSaver
Overall 10/10
Great rates, great service and helpful.

The only problem I have is that you need access to a military base to visit a physical branch and there are no ATM's.

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The only problem I have is that you need access to a military base to visit a physical branch and there are no ATM's.

Price
10/10
Customer service
10/10
Convenience
6/10
Trust
10/10
Less
Karen, Queensland, reviewed 6 months ago
Defence Bank Max eSaver
Overall 10/10
Defence Bank is a huge benefit of defence life

Defence bank is limited in that it doesn’t have easy access to physical branches - but in a modern digital world they’re services, supports and products more than make up for the deficit. Highly recommend.

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Defence bank is limited in that it doesn’t have easy access to physical branches - but in a modern digital world they’re services, supports and products more than make up for the deficit. Highly recommend.

Price
9/10
Features
9/10
Customer service
10/10
Convenience
7/10
Trust
10/10
Less
Elyshia, Australian Capital Territory, reviewed 7 months ago
Defence Bank Max eSaver
Overall 8/10
Excellent bank

Great customer service and quick and convenient services.

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Great customer service and quick and convenient services.

Price
7/10
Features
5/10
Customer service
10/10
Convenience
10/10
Trust
9/10
Less
Kylee, Queensland, reviewed about 3 years ago
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