Savings account
Defence Bank iSaver
0.50%p.a. total
No bonus conditions: the rate is paid every month
5.25% for the first 6 months, then 0.50%147th of 152 savings accounts · market average 4.47%
The RBA raised the cash rate to 4.85% on 4 November. iSaver hasn't moved yet.
What it asks
Nothing each month- Each month
Nothing. The rate is paid every month.
- Who can open it
Anyone
- Balance
No balance cap.
Rate history
No change since tracking began on 25 Sep- iSaver
- RBA cash rate
- Market average
No changes recorded for this account since tracking began on 25 September 2026.
- #119SepSep 2026: ranked 119 of 121
- #146OctOct 2026: ranked 146 of 151
- #147NowNov 2026: ranked 147 of 152
- Top 5%
- Top 10%
- Top 25%
- Top half
- Lower half
Mostly outside the top half of accounts over the last 3 months: from #146 of 151 in Oct 2026 to #119 of 121 in Sep 2026.
- Interest a year
- $250
- Each month
- $21
- Against the average (4.47%)
- −$1,986
On a $50,000 balance. Type yours above; it's kept with your savings preferences.
An introductory bonus rate on new accounts for the first six months up to $250,000.
Notes from savers
to leave a note.
Other Defence Bank accounts: Kids Club Savings 5.25% · Teen Saver 5.25% · Max E Saver 5.10%
Pays 0.50% p.a. with no bonus conditions as of 10 November 2026. Ranks 147th of 152 savings accounts tracked by BankMate, 3.97 points below the average of 4.47%. It has not changed since tracking began on 25 September 2026. From Defence Bank's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·