Black boots and shoe polish.

Cadet Saver.

Earn
5 .00 % p.a. Variable rate.
Black boots and shoe polish.
Call us to open a Cadet Saver account.
1800 033 139

Key features.

An account for cadets.

Teaches the importance of saving while you're young.

No monthly account fees.

$0 monthly account-keeping fees mean you can maximise your savings.

Fee-free cash withdrawals from thousands of ATMs.

Fee-free cash withdrawals at Defence Bank ATMs, atmx machines or from any of the big four banks’ ATMs nationwide.

Our Cadet Saver account explained.

Who can open a Cadet Saver account?

Available to cadets aged 12 to 17 years.

Variable rate.
5 .00 % p.a.

Start the process to open a Cadet Saver over the phone.

If you're an existing Defence Bank member, welcome back! Talk to us about a Cadet Saver account today.

New to the bank? In that case, we'll just need a few details and you'll be on your way.

Call us on 1800 033 139

Tools and calculators.

Budget planner.

Calculate your regular income and expenses and make a plan for your savings.

Deposit planner.

Track your projected savings over time, including interest, so you can calculate how long you'll need to save for a certain goal.

Expense planner.

A simple tool that helps you itemise and collate your regular expenses so you know what you spend in a typical month.

iSaver.

Grow your savings with flexible access to your funds and an introductory bonus interest rate.
Learn more.

Term deposits.

Combine some patience with our competitive rate for a return on your investment.
Learn more.

Money saving tips.

Find helpful tips and tricks in our blog.
Learn more.

For children and teens aged between 12-17 years. At 18 years we will convert your account into an Everyday Access Account.

Interest is calculated daily on the closing balance and credited on 31 March each year.

Available only for deposits up to $1 million.

We may change our fees and charges and interest rates from time to time. For more details on our fees and charges, refer to the Fees and Charges Schedule. For more details on interest rates, refer to the relevant interest rate schedule.

We also publish a brochure - ‘Tips on Reducing your Banking Fees with Defence Bank’ - which can be obtained via defencebank.com.au, by visiting your local branch or calling 1800 033 139.

All products except foreign currency facilities and insurance are issued by Defence Bank. Before acquiring a product, Defence Bank recommends you read the relevant terms and conditions relevant to the product, All documents are located here.

Any advice contained on this website is general advice only and does not take into account your needs, objectives or your financial situation.

Defence Bank’s Target Market Determination can be viewed here.