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Bank profile · Term deposits
LiveDefence Bank term deposits
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As of 18 September 2026, Defence Bank has 11 term deposit products tracked by BankMate, over 11 terms from 3 months to 2 years. Its highest rate is 5.35% p.a. on the Term Deposit 10 month for 10 months, 2nd of 500 9-month deposits — a term deposit rate means nothing without its term, so each deposit is ranked only against others of the same term. Its rates last changed on 26 August 2026.
- Best rate
- 5.35%
- 10 months · Term Deposit 10 month
- Market rank
- #2
- of 500 9-month deposits
- Terms
- 11
- 11 products
- Last change
- 26 Aug 2026
- 21 changes on record
Rates over time
Best 12-month rate per product- RBA cash rate
- Market average · 12-month deposits
What changed
21 changes since 9 Apr 2026- Term Deposit 10 month · 10-month 5.55 → 5.35−0.20
- Term Deposit 7 months · 7-month 4.50 → 4.75+0.25
- Term Deposit 6 months · 6-month 4.50 → 4.75+0.25
- Term Deposit 12 months · 12-month 4.95 → 5.20+0.25
- Term Deposit 11 month · 11-month 4.50 → 4.75+0.25
- Term Deposit 3 months · 3-month 4.10 → 4.35+0.25
Show 15 earlier changes
- Term Deposit 8 month · 8-month 4.50 → 4.75+0.25
- Term Deposit 24 months · 24-month 5.55 → 5.25−0.30
- Term Deposit 9 months · 9-month 4.50 → 4.75+0.25
- Term Deposit 5 month · 5-month 4.50 → 4.75+0.25
- Term Deposit 7 months · 7-month 4.25 → 4.5014 days after the RBA rise to 4.35%+0.25
- Term Deposit 4 month · 4-month 4.85 → 5.1014 days after the RBA rise to 4.35%+0.25
- Term Deposit 12 months · 12-month 4.70 → 4.9514 days after the RBA rise to 4.35%+0.25
- Term Deposit 6 months · 6-month 4.25 → 4.5014 days after the RBA rise to 4.35%+0.25
- Term Deposit 10 month · 10-month 5.00 → 5.5514 days after the RBA rise to 4.35%+0.55
- Term Deposit 11 month · 11-month 4.25 → 4.5014 days after the RBA rise to 4.35%+0.25
- Term Deposit 3 months · 3-month 3.85 → 4.1014 days after the RBA rise to 4.35%+0.25
- Term Deposit 9 months · 9-month 4.25 → 4.5014 days after the RBA rise to 4.35%+0.25
- Term Deposit 24 months · 24-month 5.00 → 5.5514 days after the RBA rise to 4.35%+0.55
- Term Deposit 8 month · 8-month 4.25 → 4.5014 days after the RBA rise to 4.35%+0.25
- Term Deposit 5 month · 5-month 4.25 → 4.5014 days after the RBA rise to 4.35%+0.25
Term deposits
Best rate per product, by term · ranked within each term- 5.35%#2 of 500
10 months
- 9 months
- 5.35% · #2 of 500
- Minimum deposit
- $0
- Interest paid
- Annually
- Early withdrawal
- Not allowed
- 5.25%#6 of 394
2 years
- 2 years
- 5.25% · #6 of 394
- Minimum deposit
- $0
- Interest paid
- Annually
- Early withdrawal
- Not allowed
- 5.20%#97 of 590
1 year
- 1 year
- 5.20% · #97 of 590
- Minimum deposit
- $0
- Interest paid
- Annually
- Early withdrawal
- Not allowed
- 5.10%#2 of 369
4 months
- 3 months
- 5.10% · #2 of 369
- Minimum deposit
- $0
- Interest paid
- Annually
- Early withdrawal
- Not allowed
- 4.75%#291 of 590
11 months
- 1 year
- 4.75% · #291 of 590
- Minimum deposit
- $0
- Interest paid
- Annually
- Early withdrawal
- Not allowed
- 4.75%#179 of 547
5 months
- 6 months
- 4.75% · #179 of 547
- Minimum deposit
- $0
- Interest paid
- Annually
- Early withdrawal
- Not allowed
- 4.75%#179 of 547
6 months
- 6 months
- 4.75% · #179 of 547
- Minimum deposit
- $0
- Interest paid
- Annually
- Early withdrawal
- Not allowed
- 4.75%#179 of 547
7 months
- 6 months
- 4.75% · #179 of 547
- Minimum deposit
- $0
- Interest paid
- Annually
- Early withdrawal
- Not allowed
- 4.75%#138 of 500
8 months
- 9 months
- 4.75% · #138 of 500
- Minimum deposit
- $0
- Interest paid
- Annually
- Early withdrawal
- Not allowed
- 4.75%#138 of 500
9 months
- 9 months
- 4.75% · #138 of 500
- Minimum deposit
- $0
- Interest paid
- Annually
- Early withdrawal
- Not allowed
- 4.35%#164 of 369
3 months
- 3 months
- 4.35% · #164 of 369
- Minimum deposit
- $0
- Interest paid
- Quarterly
- Early withdrawal
- Not allowed
Rank compares deposits within the same headline term, as the Term deposit report does. Compare all term deposits
Notes on Defence Bank term deposits
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