Defence Bank term deposit rates
13 terms published on 10 Oct 2026, best 5.35% for 10 months, from Defence Bank’s own Consumer Data Right feed.
Today’s rates >_Interest on a deposit →Defence Bank website →
Defence Bank at a glance
Today’s rates13 terms · read 10 Oct 2026
| Term | Rate | Rank | vs median | vs best | Last change | This rate | Min. deposit | Product |
|---|---|---|---|---|---|---|---|---|
| 1mo | 2.10% | joint #9 of 33 | +0.60 | −2.00 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit 1 month |
| 2mo | 2.10% | joint #9 of 36 | +0.35 | −2.35 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit 2 months |
| 3mo | 4.35% | joint #39 of 68 | −0.20 | −0.90 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit 3 months |
| 4mo | 5.10% | joint #4 of 49 | +0.45 | −0.30 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit 4 month |
| 5mo | 4.75% | #13 of 50 | +0.45 | −0.45 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit 5 month |
| 6mo | 4.75% | #51 of 73 | −0.25 | −0.70 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit 6 months |
| 7mo | 4.75% | #23 of 43 | −0.20 | −0.70 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit 7 months |
| 8mo | 4.75% | #15 of 39 | +0.35 | −0.50 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit 8 month |
| 9mo | 4.75% | #35 of 60 | −0.05 | −0.65 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit 9 months |
| 10mo | 5.35%market best | #1 of 40 | +1.35 | best | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit 10 month |
| 11mo | 4.75% | joint #12 of 45 | +0.75 | −0.70 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit 11 month |
| 1yr | 5.20% | joint #44 of 75 | −0.05 | −0.40 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit 12 months |
| 2yr | 5.25% | joint #7 of 67 | +0.55 | −0.30 | — | same on every day read since 10 Sep 2026 | $1,000 | Term Deposit 24 months |
“Rank”, “vs median” and “vs best” compare Defence Bank with every bank that publishes the same term today. “This rate” is the first day our daily read showed the current rate — a rate that changed between two reads is dated to the first read that showed it.
What Defence Bank publishes about its products22 term deposit products · as published 10 Oct 2026
| Product | Interest paid | Min. deposit | Max. deposit | Fixed-rate terms | Links |
|---|---|---|---|---|---|
| Term Deposit 9 months | every 9 months (at maturity) | $1,000 | not stated | 1 | product page · terms · fees · eligibility |
| Term Deposit 11 month | every 11 months (at maturity) | $1,000 | not stated | 1 | product page · terms · fees · eligibility |
| Term Deposit 12 months | yearly (at maturity) | $1,000 | not stated | 1 | product page · terms · fees · eligibility |
| Term Deposit 24 months | yearly (at maturity) | $1,000 | not stated | 1 | product page · terms · fees · eligibility |
| Term Deposit 3 months | quarterly (at maturity) | $1,000 | not stated | 1 | product page · terms · fees · eligibility |
| Term Deposit 5 month | every 5 months (at maturity) | $1,000 | not stated | 1 | product page · terms · fees · eligibility |
| Term Deposit 6 months | half-yearly (at maturity) | $1,000 | not stated | 1 | product page · terms · fees · eligibility |
| Term Deposit 7 months | every 7 months (at maturity) | $1,000 | not stated | 1 | product page · terms · fees · eligibility |
| Term Deposit 8 month | every 8 months (at maturity) | $1,000 | not stated | 1 | product page · terms · fees · eligibility |
| Term Deposit 10 month | every 10 months (at maturity) | $1,000 | not stated | 1 | product page · terms · fees · eligibility |
| Term Deposit 2 months | every two months (at maturity) | $1,000 | not stated | 1 | product page · terms · fees · eligibility |
| Term Deposit 4 month | every 4 months (at maturity) | $1,000 | not stated | 1 | product page · terms · fees · eligibility |
| Term Deposit 1 month | monthly (at maturity) | $1,000 | not stated | 1 | product page · terms · fees · eligibility |
Term Deposit 9 months: eligibility, conditions and features
- Eligibility
- individuals: The Member must be a natural person rather than another legal entity — Individuals and Joint accounts only.
- Conditions
- min balance 1000.00 — The Member must be a natural person rather than another legal entity; max balance 1000000.00 — All term deposit rates are for amounts up to $1million. For larger amounts please contact us to discuss your options.
- Features
- digital banking — View your term deposit with convenient Online Banking.; other — Fixed rate for the life of the Term.
- The bank’s description
- 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.
- Interest calculated
- daily
Term Deposit 11 month: eligibility, conditions and features
- Eligibility
- individuals: The Member must be a natural person rather than another legal entity — Individuals and Joint accounts only.
- Conditions
- min balance 1000.00 — The Member must be a natural person rather than another legal entity; max balance 1000000.00 — All term deposit rates are for amounts up to $1million. For larger amounts please contact us to discuss your options.
- Features
- digital banking — View your term deposit with convenient Online Banking.; other — Fixed rate for the life of the Term.
- The bank’s description
- Fixed Term Deposits start from as little as $1,000, and you can choose a range of terms that works for you between 30 days and 24 months.
- Interest calculated
- daily
Term Deposit 12 months: eligibility, conditions and features
- Eligibility
- individuals: The Member must be a natural person rather than another legal entity — Individuals and Joint accounts only.
- Conditions
- min balance 1000.00 — The Member must be a natural person rather than another legal entity; max balance 1000000.00 — All term deposit rates are for amounts up to $1million. For larger amounts please contact us to discuss your options.
- Features
- digital banking — View your term deposit with convenient Online Banking.; other — Fixed rate for the life of the Term.
- The bank’s description
- 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.
- Interest calculated
- daily
Term Deposit 24 months: eligibility, conditions and features
- Eligibility
- individuals: The Member must be a natural person rather than another legal entity — Individuals and Joint accounts only.
- Conditions
- min balance 1000.00 — The Member must be a natural person rather than another legal entity; max balance 1000000.00 — All term deposit rates are for amounts up to $1million. For larger amounts please contact us to discuss your options.
- Features
- digital banking — View your term deposit with convenient Online Banking.; other — Fixed rate for the life of the Term
- The bank’s description
- 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.
- Interest calculated
- daily
Term Deposit 3 months: eligibility, conditions and features
- Eligibility
- individuals: The Member must be a natural person rather than another legal entity — Individuals and Joint accounts only.
- Conditions
- min balance 1000.00 — The Member must be a natural person rather than another legal entity; max balance 1000000.00 — All term deposit rates are for amounts up to $1million. For larger amounts please contact us to discuss your options.
- Features
- digital banking — View your term deposit with convenient Online Banking.; other — Fixed rate for the life of the Term.
- The bank’s description
- 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
- Interest calculated
- daily
Term Deposit 5 month: eligibility, conditions and features
- Eligibility
- individuals: The Member must be a natural person rather than another legal entity — Individuals and Joint accounts only.
- Conditions
- min balance 1000.00 — The Member must be a natural person rather than another legal entity; max balance 1000000.00 — All term deposit rates are for amounts up to $1million. For larger amounts please contact us to discuss your options.
- Features
- digital banking — View your term deposit with convenient Online Banking.; other — Fixed rate for the life of the Term.
- The bank’s description
- Fixed Term Deposits start from as little as $1,000, and you can choose a range of terms that works for you between 30 days and 24 months.
- Interest calculated
- daily
Term Deposit 6 months: eligibility, conditions and features
- Eligibility
- individuals: The Member must be a natural person rather than another legal entity — Individuals and Joint accounts only.
- Conditions
- min balance 1000.00 — The Member must be a natural person rather than another legal entity; max balance 1000000.00 — All term deposit rates are for amounts up to $1million. For larger amounts please contact us to discuss your options.
- Features
- digital banking — View your term deposit with convenient Online Banking.; other — Fixed rate for the life of the Term.
- The bank’s description
- 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.
- Interest calculated
- daily
Term Deposit 7 months: eligibility, conditions and features
- Eligibility
- individuals: The Member must be a natural person rather than another legal entity — Individuals and Joint accounts only.
- Conditions
- min balance 1000.00 — The Member must be a natural person rather than another legal entity; max balance 1000000.00 — All term deposit rates are for amounts up to $1million. For larger amounts please contact us to discuss your options.
- Features
- digital banking — View your term deposit with convenient Online Banking.; other — Fixed rate for the life of the Term.
- The bank’s description
- 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.
- Interest calculated
- daily
Term Deposit 8 month: eligibility, conditions and features
- Eligibility
- individuals: The Member must be a natural person rather than another legal entity — Individuals and Joint accounts only.
- Conditions
- min balance 1000.00 — The Member must be a natural person rather than another legal entity; max balance 1000000.00 — All term deposit rates are for amounts up to $1million. For larger amounts please contact us to discuss your options.
- Features
- digital banking — View your term deposit with convenient Online Banking.; other — Fixed rate for the life of the Term.
- The bank’s description
- Fixed Term Deposits start from as little as $1,000, and you can choose a range of terms that works for you between 30 days and 24 months.
- Interest calculated
- daily
Term Deposit 10 month: eligibility, conditions and features
- Eligibility
- individuals: The Member must be a natural person rather than another legal entity — Individuals and Joint accounts only.
- Conditions
- min balance 1000.00 — The Member must be a natural person rather than another legal entity; max balance 1000000.00 — All term deposit rates are for amounts up to $1million. For larger amounts please contact us to discuss your options.
- Features
- digital banking — View your term deposit with convenient Online Banking.; other — Fixed rate for the life of the Term.
- The bank’s description
- Fixed Term Deposits start from as little as $1,000, and you can choose a range of terms that works for you between 30 days and 24 months.
- Interest calculated
- daily
Term Deposit 2 months: eligibility, conditions and features
- Eligibility
- individuals: The Member must be a natural person rather than another legal entity — Individuals and Joint accounts only.; Available on request only
- Conditions
- min balance 1000.00 — The Member must be a natural person rather than another legal entity; max balance 1000000.00 — All term deposit rates are for amounts up to $1million. For larger amounts please contact us to discuss your options.
- Features
- digital banking — View your term deposit with convenient Online Banking.; other — Fixed rate for the life of the Term.
- The bank’s description
- Fixed Term Deposits start from as little as $1,000, and you can choose a range of terms that works for you between 30 days and 24 months.
- Interest calculated
- daily
Term Deposit 4 month: eligibility, conditions and features
- Eligibility
- individuals: The Member must be a natural person rather than another legal entity — Individuals and Joint accounts only.
- Conditions
- min balance 1000.00 — The Member must be a natural person rather than another legal entity; max balance 1000000.00 — All term deposit rates are for amounts up to $1million. For larger amounts please contact us to discuss your options.
- Features
- digital banking — View your term deposit with convenient Online Banking.; other — Fixed rate for the life of the Term.
- The bank’s description
- Fixed Term Deposits start from as little as $1,000, and you can choose a range of terms that works for you between 30 days and 24 months.
- Interest calculated
- daily
Term Deposit 1 month: eligibility, conditions and features
- Eligibility
- individuals: The Member must be a natural person rather than another legal entity — Individuals and Joint accounts only.; Available on request only
- Conditions
- min balance 1000.00 — The Member must be a natural person rather than another legal entity; max balance 1000000.00 — All term deposit rates are for amounts up to $1million. For larger amounts please contact us to discuss your options.
- Features
- digital banking — View your term deposit with convenient Online Banking.; other — Fixed rate for the life of the Term.
- The bank’s description
- Fixed Term Deposits start from as little as $1,000, and you can choose a range of terms that works for you between 30 days and 24 months.
- Interest calculated
- daily
Also published, not ranked here: Business Term Deposit 24 mths smsfbusiness (product page); Business Term Deposit 12 mths smsfbusiness (product page); Business Term Deposit 3 mths smsfbusiness (product page); Business Term Deposit 5 mths smsfbusiness (product page); Business Term Deposit 6 mths smsfbusiness (product page); Business Term Deposit 9 mths smsfbusiness (product page); Business Term Deposit 4 mths smsfbusiness (product page); Business Term Deposit 2 mths smsfbusiness (product page); Business Term Deposit 1 mth smsfbusiness (product page).
Every line is the bank’s own statement in its feed, read that day — nothing is inferred. Early-withdrawal terms appear under conditions or features when a bank states them.
Rate historyevery sweep day since 26 Aug 2026 · 46 days · 13 terms
3mo 4.35% today
26 Aug 202610 Oct 2026
4mo 5.10% today
26 Aug 202610 Oct 2026
6mo 4.75% today
26 Aug 202610 Oct 2026
7mo 4.75% today
26 Aug 202610 Oct 2026
1yr 5.20% today
26 Aug 202610 Oct 2026
2yr 5.25% today
26 Aug 202610 Oct 2026
All 13 terms — the other 7
1mo 2.10% today
26 Aug 202610 Oct 2026
2mo 2.10% today
26 Aug 202610 Oct 2026
5mo 4.75% today
26 Aug 202610 Oct 2026
8mo 4.75% today
26 Aug 202610 Oct 2026
9mo 4.75% today
26 Aug 202610 Oct 2026
10mo 5.35% today
26 Aug 202610 Oct 2026
11mo 4.75% today
26 Aug 202610 Oct 2026
Each line is the best retail rate Defence Bank published for that term on each day we read its feed. A break in the line is a day we read no rate for that term — the feed could not be read, or the bank did not publish that term that day — never a rate carried forward.
Where Defence Bank sitsagainst the 77 banks ranked today
1yr: 43 banks ahead
- Community First Bank 5.60%
- Dnister Bank 5.55%
- Heartland Bank 5.55%
- Unity Bank 5.50%
- Alex Bank 5.50%
- Bank Australia 5.50%
- and 37 more on the leaderboard
6mo: 50 banks ahead
- Heartland Bank 5.45%
- RACQ Bank 5.45%
- Unity Bank 5.35%
- Dnister Bank 5.30%
- Bank Australia 5.30%
- Bank First 5.30%
- and 44 more on the leaderboard
Customer-owned banks52 banks · top 10 by best rate
| Bank | Best | Term | 6 m | 12 m | Market rank |
|---|---|---|---|---|---|
 Community First Bank | 5.60% | 1yr | 5.10% | 5.60% | #1 |
 Dnister Bank | 5.55% | 1yr | 5.30% | 5.55% | #2 |
| Unity Bank | 5.55% | 2yr | 5.35% | 5.50% | #2 |
 Bank Australia | 5.50% | 1yr | 5.30% | 5.50% | #5 |
 Bank First | 5.50% | 1yr | 5.30% | 5.50% | #5 |
 Qudos Bank | 5.50% | 1yr | 5.30% | 5.50% | #5 |
 Great Southern Bank | 5.45% | 1yr | 4.55% | 5.45% | #11 |
 People First Bank | 5.45% | 7mo | 5.00% | 5.20% | #11 |
 Police Credit Union | 5.45% | 11mo | 5.00% | 5.25% | #11 |
 QBANK | 5.45% | 1yr | 5.30% | 5.45% | #11 |
| Defence Bank | 5.35% | 10mo | 4.75% | 5.20% | #24 |
Timeline0 rate changes since 10 Sep 2026 · ▲0 ▼0 · 1 event
| Date | Term | From → to | Δ |
|---|---|---|---|
| 30 Sep 2026 | RBA | RBA cash rate 4.60% — up 0.25 pointsReserve Bank decision effective 2026-09-30: cash rate target 4.60%, a rise of 0.25 percentage points. | |
Questions about these rates
What is Defence Bank’s best term deposit rate today?
On 10 Oct 2026, the best retail term deposit rate Defence Bank publishes in its Consumer Data Right feed is 5.35% for 10 months (Term Deposit 10 month). That is joint #24 of the 77 Australian banks ranked by best rate today.
What is Defence Bank’s 12-month term deposit rate?
5.20% as read on 10 Oct 2026, 0.05 points below the market median of 5.25%, and joint #44 of the 75 banks publishing a 12-month rate. The market-best 12-month rate today is 5.60%.
What is the minimum deposit at Defence Bank?
The lowest minimum Defence Bank states in its feed is $1,000 (Term Deposit 1 month, 1-month). Check the product disclosure statement for balance tiers.
When did Defence Bank last change a term deposit rate?
We have not read a change to any of Defence Bank’s published retail term deposit rates since we first read its feed on 10 Sep 2026. Days on which we read no rate are not counted as unchanged.
Are deposits with Defence Bank guaranteed?
Defence Bank publishes its products under the Consumer Data Right as an Australian data holder. Under the Financial Claims Scheme, administered by APRA, protected Australian-dollar deposit accounts at an Australian-incorporated authorised deposit-taking institution (ADI) are covered up to $250,000 per account holder per ADI. Several brands can share one ADI licence, in which case the cap covers them together, so confirm which licence Defence Bank operates under before relying on the guarantee. Scheme facts checked against apra.gov.au (Financial Claims Scheme) on 15 Sep 2026 — the link is under “About Defence Bank” below; rates are as read on 10 Oct 2026.
About Defence Bank
- Type
- Customer-owned bank (mutual)
- Website
- www.defencebank.com.au
- Consumer Data Right feed
- https://product.defencebank.com.au
- Deposit guarantee
- Financial Claims Scheme, up to $250,000 per account holder per ADI — scheme details and covered institutions at APRA (checked 15 Sep 2026)
The rates on this page are the retail term deposit rates Defence Bank publishes in its own Consumer Data Right product feed, read once a day. Business, SMSF and staff-only products are left out. A product the bank publishes as “tailored” (pricing may be negotiated) is included only when the bank also states it is open to individuals, and is marked as tailored. A day on which we read no rate is a gap on this page — never an estimate.
Facts about the institution reviewed 15 Sep 2026. Rates read 10 Oct 2026.
Savings accounts at Defence Bankhighinterestsavingsaccounts.org
A savings account keeps the money at call, but its rate can change at any time and its best rate usually has monthly conditions. A term deposit locks one rate for its term. Both figures come from the bank’s own feed.
Please note: the savings figures on this page are estimates only and may not reflect the return you actually receive. Actual returns vary with tax, fees, the interest payment frequency and any change the bank makes to a rate before you open the account. Rates are the bank’s own published Consumer Data Right figures and may differ for particular balance tiers or online-only products. Always read the product disclosure statement, confirm the rate with the bank, and consider your own circumstances. Nothing here is financial advice or a recommendation. This site is published by Nutshell Media Pty Ltd, which is not affiliated with any bank, credit union or building society.