based on 265 Defence Bank banking 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 16 October, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate Maximum rate Govt deposit guarantee
iSaver

0.05% p.a.(for $0 to $1,000,000)

0.65% p.a. (for $0 to $250,000)

Yes up to $250,000

Max eSaver

0.01% p.a.(for $0 and over)

0.51% 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

60 Reviews

Recent Defence Bank savings account reviews

Defence Bank Max eSaver
Overall 8/10
Excellent bank

Great customer service and quick and convenient services.

Read full review

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 9 months ago
Defence Bank Savings Account
Overall 1/10
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.

Read full review

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.

Price
0/10
Features
1/10
Customer service
2/10
Convenience
0/10
Trust
1/10
Less
Judith, Queensland, reviewed over 1 year ago
Defence Bank Max eSaver
Overall 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.

Read 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
Less
Tony, New South Wales, reviewed over 5 years ago
Defence Bank iSaver
Overall 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.

Read 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
Less
Lorraine, Queensland, reviewed over 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.

Savings account quick links