Defence Bank iSaver vs Defence Bank Teen Saver
Defence Bank Teen Saver pays $2,375 more a year on $50,000 than Defence Bank iSaver, but it's open only to 12 to 17 year olds.
Where they differThe rate (0.50% against 5.25%), the intro rate and who can open it.
The same on bothNo cap on the top rate, one rate with nothing to do each month and no minimum balance.
Rates over time
Each account's total rate, a cell a week. A move shows as ▲ or ▼ in the week it happened.
As of 2 November 2026, Defence Bank iSaver pays 0.50% with nothing to do each month, and Defence Bank Teen Saver pays 5.25% with nothing to do each month. On $50,000, that's $250 against $2,625 a year, $2,375 more from Defence Bank Teen Saver. Figures are the banks' published rates, worked out on the balance above. Each row says which figure is higher; it doesn't say which account suits you.