7.6/10

Based on 286 Defence Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Defence Bank term deposits

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 term deposits

Rates and fees verified as correct at 21 May 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Best rate (up to 1 year) Minimum Deposit Interest paid to another bank?
Premium Term Deposit

5.05% p.a.7 months ($1,000 to $1,000,000)

$1,000.00

yes

Term Deposit

4.70% p.a.1 year ($1,000 to $1,000,000)

$1,000.00

yes

How are Defence Bank term deposits rated?

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

Icon of term-deposits
Defence Bank term deposits customer reviews
Overall
9.8/10
Price
9.8/10
Features
9.5/10
Customer service
9.8/10
Convenience
8.5/10
Trust
9.8/10
Based on 4 Defence Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Defence Bank term deposit reviews

Defence Bank Term Deposit
Overall 10/10
Very friendly staff

The staff are always friendly and helpful. Their rates are extremely good. I never worry that they will close down as each member has shares.

Read full review

The staff are always friendly and helpful. Their rates are extremely good. I never worry that they will close down as each member has shares.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
6/10
Trust
10/10
Less
Leigh, Queensland, reviewed 2 months ago
Defence Bank Term Deposit
Overall 10/10
good

Good

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
, , reviewed over 9 years ago
Defence Bank Term Deposit
Overall 9/10
Good rates

Great rates for my money.

Read full review

Great rates for my money.

Price
9/10
Features
9/10
Customer service
9/10
Convenience
9/10
Trust
9/10
Less
Mozo community reviewer, Queensland, reviewed over 10 years ago
Defence Bank Term Deposit
Overall 10/10

Thrilled with the current 12 month rate of 6.8%, missed the boat with the big banks in December so thrilled to see it back, and good to be with a credit union.

Read full review

Thrilled with the current 12 month rate of 6.8%, missed the boat with the big banks in December so thrilled to see it back, and good to be with a credit union.

Price
10/10
Features
9/10
Customer service
10/10
Convenience
9/10
Trust
10/10
Less
Talitha, Queensland, reviewed over 14 years ago
See all term deposit reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
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.

Term deposit quick links