Defence Bank iSaver

0.85% p.a.(for $0 to $1,000,000)

2.40% p.a. (for $0 to $1,000,000)

 
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Rates

  • Balances from $0: 0.85% p.a.
    Balances from $1,000,000: 0.00% p.a.

  • Balances from $0: 2.40% p.a.
    Balances from $1,000,000: 0.00% p.a.

  • Bonus rate for the first 3 months from account opening

Fees

  • $0.00

  • none

  • Unlimited transactions from phone and internet to Defence Bank transaction accounts

  • none

  • none

  • none

  • none

  • none

  • none

  • $0.00

  • $0.00

  • none

Other financial bits

  • $1.00

  • $0.00

  • Monthly

Features

  • no

  • none

  • no

  • no

  • no

  • no

  • no

  • yes

  • yes

  • yes

  • no

  • Fund transfer to an external account is $1.

  • none

  • none

About Defence Bank

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.

How are Defence Bank savings accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.9

Based on 15
Defence Bank savings accounts reviews

7.9 7.0 8.5 6.7 8.7

Read Defence Bank savings account reviews by the Mozo community

Latest reviews of Defence Bank iSaver

Defence Bank

Defence Bank iSaver savings account 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

Less

Lorraine (QLD), reviewed about 3 years ago

Defence Bank

Defence Bank iSaver savings account 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

Less

Peter (QLD), reviewed about 3 years ago

Defence Bank

Defence Bank iSaver savings account 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

Less

Carolyn (NSW), reviewed over 3 years ago

Defence Bank

Defence Bank iSaver savings account 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

Less

Ellen (NSW), reviewed almost 5 years ago

Defence Bank

Defence Bank iSaver savings account 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 (NSW), reviewed almost 5 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.

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