Savings account
Defence Bank Max E Saver
5.10%p.a. total
0.10% base + 5.00% bonus when the conditions are met
64th of 151 savings accounts · market average 4.37%
The RBA raised the cash rate to 4.60% on 30 September. Max E Saver hasn't moved yet. After the May rise it moved 14 days later.
What the bonus asks
2 things each month- Each month
- A deposit
- No withdrawals
- A month without them
Pays the 0.10% base rate on the whole balance.
- Who can open it
Anyone
- Balance
No balance cap.
Rate history
Last change 23 Sep- Max E Saver
- RBA cash rate
- Market average
September 20261 change
- 23Wed
- 5.20 → 5.10Bonus rate 5.10% → 5.00%−0.10
May 20261 change
- 20Wed
- 4.95 → 5.20Bonus rate 4.85% → 5.10% · 14 days after the RBA rise to 4.35%+0.25
April 20261 change
- 2Thu
- 4.65 → 4.95Bonus rate 4.55% → 4.85% · 15 days after the RBA rise to 4.10%+0.30
- #10FebFeb 2026: ranked 10 of 42
- #35MarMar 2026: ranked 35 of 64
- #18AprApr 2026: ranked 18 of 76
- #13MayMay 2026: ranked 13 of 79
- #18JunJune 2026: ranked 18 of 79
- #19JulJuly 2026: ranked 19 of 80
- #19AugAug 2026: ranked 19 of 80
- #34SepSep 2026: ranked 34 of 120
- #63OctOct 2026: ranked 63 of 150
- #64NowNov 2026: ranked 64 of 151
- Top 5%
- Top 10%
- Top 25%
- Top half
- Lower half
In the top 25% for 6 of the last 10 months. Its lowest was #35 of 64 in Mar 2026.
- A year meeting the conditions
- $2,550
- A year without meeting the conditions
- $50
- Against the average (4.37%)
- +$366
On a $50,000 balance. Type yours above; it's kept with your savings preferences.
At least one deposit and no withdrawals each month.
Notes from savers
to leave a note.
Other Defence Bank accounts: Kids Club Savings 5.25% · Teen Saver 5.25% · iSaver 0.50%
Pays 5.10% p.a. total (0.10% base plus 5.00% bonus) as of 2 November 2026. Ranks 64th of 151 savings accounts tracked by BankMate, 0.73 points above the average of 4.37%. The rate was last cut on 23 September 2026. From Defence Bank's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·