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Defence Bank · Term deposit · 1 term
LiveTerm Deposit 12 months
The Defence Bank Term Deposit 12 months pays up to 5.20% p.a. as of 18 September 2026, over a 12-month term, 97th of 590 12-month deposits tracked by BankMate. Interest is paid annually. Its rates last changed on 8 July 2026.
5.20%p.a. · 1 year
interest annually; from $0
Early withdrawal is not allowed.
Rates over time
Best rate per term- 1 year
- RBA cash rate
- Market average · 12-month deposits
Changes
2 changes since 9 Apr 2026- Term Deposit 12 months · 12-month 4.95 → 5.20+0.25
- Term Deposit 12 months · 12-month 4.70 → 4.9514 days after the RBA rise to 4.35%+0.25
Rates by term
Ranked within each term- 1 year
- 5.20% · #97 of 590 12-month deposits
Deposit
- Minimum deposit
- $0
- Maximum deposit
- No cap published
Interest
- Paid
- Annually
- Compounding
- monthly
Early withdrawal
- Before maturity
- Not allowed
About this product
Fixed Term Deposits start from as little as $1,000, and you can choose terms that work for you - between 30 days and 24 months.