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Defence Bank · Term deposit · 1 term
LiveTerm Deposit 24 months
The Defence Bank Term Deposit 24 months pays up to 5.25% p.a. as of 18 September 2026, over a 24-month term, 6th of 394 24-month deposits tracked by BankMate. Interest is paid annually. Its rates last changed on 8 July 2026.
5.25%p.a. · 2 years
interest annually; from $0
Early withdrawal is not allowed.
Rates over time
Best rate per term- 2 years
- RBA cash rate
- Market average · 12-month deposits
Changes
2 changes since 9 Apr 2026- Term Deposit 24 months · 24-month 5.55 → 5.25−0.30
- Term Deposit 24 months · 24-month 5.00 → 5.5514 days after the RBA rise to 4.35%+0.55
Rates by term
Ranked within each term- 2 years
- 5.25% · #6 of 394 24-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.