Rates and fees relating to Defence Bank's range of term deposit accounts.
| Premium term deposits ($1,000.00 to $1,000,000.00). | Interest rate. |
|---|---|
| 8 months. | 5.10% p.a. |
| Standard term deposits ($1,000.00 to $1,000,000.00). | Interest rate. |
|---|---|
| 3 months. | 4.25% p.a. |
| 4 months. | 3.60% p.a. |
| 5 months. | 3.70% p.a. |
| 6 months. | 4.45% p.a. |
| 7 months. | 4.00% p.a. |
| 9 months. | 4.50% p.a. |
| 10 months. | 4.05% p.a. |
| 11 months. | 4.50% p.a. |
| 12 months. | 4.70% p.a. |
| 24 months. | 4.00% p.a. |
| Fee name. | Fee description. | Fee amount. |
|---|---|---|
| Term deposit early withdrawal fee. | Payable when you request redemption of a term deposit prior to its maturity date. Any requests for variations to the terms of your Term Deposit received after the grace period has expired, may incur a pre-payment adjustment and a fee - refer to our Defence Bank product and services – condition of use for more details. |
$30.00 |
| $2,000.00 to $1,000,000.00. | Interest rate. |
|---|---|
| 1 month. | 1.35% p.a. |
| 2 months. | 1.35% p.a. |
| 3 months. | 4.25% p.a. |
| 4 months. | 3.60% p.a. |
| 5 months. | 3.70% p.a. |
| 6 months. | 4.45% p.a. |
| 9 Months. | 4.50% p.a. |
| 12 months. | 4.70% p.a. |
| 24 months. | 4.00% p.a. |
| Fee name. | Fee description. | Fee amount. |
|---|---|---|
| Term deposit early withdrawal fee. | Payable when you request redemption of a term deposit prior to its maturity date. Any requests for variations to the terms of your Term Deposit received after the grace period has expired, may incur a pre-payment adjustment and a fee - refer to our Defence Bank product and services – condition of use for more details. |
$30.00 |
Deposits are exclusive to individuals. Defence Bank offers standard (available at all times) and premium (an occasionally offered special rate on non-standard period) terms. Interest rates and terms on offer may change at any time without notice.
Gross rate of interest before deduction of government earnings tax.
Interest is calculated on the daily balance. Interest is paid on the date of maturity. Where terms exceed 12 months, interest is capitalised annually. Interest payable in respect of the last 12 months or part thereof is added to the balance at maturity.
Unless advised otherwise, the interest earned on your term deposit will be re-invested with your principal deposit. If the same term isn’t available then your term deposit will be reinvested at the closest standard term (i.e. not a special offer, premium certificate term) to the original term. The interest rate on the reinvested term deposit may be lower than your initial term deposit.
All term deposit rates are for amounts up to $1 million. For larger amounts please contact us to discuss your options.
Any requests for variations to the terms of your Term Deposit received after the grace period has expired, may incur a pre-payment adjustment (a loss of interest) and a fee - refer to the FAQs or our Defence Bank Product and Services – Conditions of Use for more details.
Our term deposits are part of the Government Deposit Guarantee (Financial Claims Scheme).
Business term deposits are exclusive to: sole traders, corporates (including corporate trustees), individual trustees, partnerships, incorporated associations (not-for-profits organisations and clubs).
Gross rate of interest before deduction of government earnings tax.
Interest is calculated on the daily balance. Interest is paid on the date of maturity. Where terms exceed 12 months, interest is capitalised annually. Interest payable in respect of the last 12 months or part thereof is added to the balance at maturity.
Unless advised otherwise, the interest earned on your term deposit will be re-invested with your principal deposit. If the same term is no longer available, then the re-investment will be for the standard term closest to the original term.
Any requests for variations to the terms of your Term Deposit received after the grace period has expired, may incur a pre-payment adjustment (a loss of interest) and a fee - refer to our Defence Bank Product and Services – Conditions of Use for more details.
Our term deposits are part of the Government Deposit Guarantee (Financial Claims Scheme).