Do I need to have a minimum starting balance to open a Defence Bank Super Assured RSA?
Yes. The minimum amount required to open a Defence Bank Super Assured RSA ‘Accumulation’ account is $10,000. If no contributions have been received into an RSA after 6 months the RSA account will be closed.
If you are looking to convert from accumulation to pension phase you will require a minimum balance of $50,000.00.