Blue Navy uniform sock folded with 'smile'.

Max eSaver.

A high-interest savings account with a rate that'll help you reach your goals.

Earn up to
4 .90 %# p.a. Variable rate.
Blue Navy uniform sock folded with 'smile'.
Open a Max eSaver account in under five minutes.

Key features.

A great savings rate.

Get a bonus rate for every month you grow your savings without making any withdrawals.

Build healthy savings habits.

Achieve your savings goals sooner with a bonus interest rate that rewards saving.#

No monthly account fees.

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

Our Max eSaver rates explained.

Standard variable rate.
0 .10 % p.a.
At a minimum, you'll earn this rate of interest.
Bonus variable rate.
4 .80 % p.a.
The interest you earn if you make a deposit and no withdrawals during the month.
Total variable interest rate.
4 .90 % p.a.
This is the total rate (standard variable rate + bonus variable rate) you could earn on your Max eSaver.

Open a Max eSaver account in under five minutes.

If you're an existing Defence Bank member, welcome back! Opening a Max eSaver account is fast and easy.

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

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.
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If a deposit is made during the month where no withdrawals are made by the end of the month, the bonus rate at the time also applies to the balance for that month.

Interest is calculated daily on the closing balance and credited on the last day of each month.

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.

Frequently asked questions.

Even though we’ve traditionally focused on the Australian Defence Force, you don’t have to be a Defence Force employee or relative to take advantage of Defence Bank’s products and services – membership is open to all Australians.

Definitely. If you’re already a member, to open a new account (including new joint accounts) you can log into your app or online banking and follow the below instructions, or you can give us a call on 1800 033 139. If you’re not yet a member, you can join now and open accounts during the set up process.

App

  1. Login to your app.
  2. Under the main menu, select Manage Account and tap Joint Account.
  3. Select Open Joint Account and follow the prompts.

Online Banking

  1. Login to online banking.
  2. Under the main menu, select Products and tap Open Account following the prompts.

Find out how to join Defence Bank.

 

You can open as many savings accounts as you like! When it comes to the iSaver however, just remember that you can only have the introductory rate on the first one that you open.

View savings accounts.

Browse more FAQs.