Interest rate
0.05% p.a.(for $0 to $1,000,000)
Maximum rate
0.75% p.a. (for $0 to $250,000)
Govt deposit guarantee
Yes up to $250,000

Details

Rates and fees information correct as at 23 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Balances from $0: 0.05% p.a.
Balances from $1,000,000: 0.00% p.a.

Balances from $0: 0.75% p.a.
Balances from $250,000: 0.00% p.a.

Bonus rate for the first 6 months from account opening

Fees

$0.00

n/a

Unlimited transactions from phone and internet to Defence Bank transaction accounts

n/a

n/a

n/a

n/a

n/a

n/a

$0.00

$0.00

n/a

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

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About Defence Bank