An everyday savings account for those aged 12-17 years with growing financial independence in mind.
Product data
The lender's Consumer Data Right data, as collected by Homepedia. Nothing in this part comes from a channel.Rates
| Rate | Applies to | Conditions | Source | Since |
|---|---|---|---|---|
| 5.25% | Variable | CDR | 1 Nov 2026 |
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Source
CDR officialConsumer Data Right product dataShow where this comes from
- Fetched
- 1 Nov 2026
- URL
https://product.defencebank.com.au/cds-au/v1/banking/products/123- Content hash
sha256 355a806ea7e055ed73fc3bfbf9a9bd28ed76b8205672153112a125ca30c13ce9- Rule version
mapper@0.1.2
Consumer Data Right product dataev_cdr_355a806ea7e055ed_027c6b3bShow details
- Checked
- 1 Nov 2026
- URL
https://product.defencebank.com.au/cds-au/v1/banking/products/123- Content hash
sha256 355a806ea7e055ed73fc3bfbf9a9bd28ed76b8205672153112a125ca30c13ce9- Excerpt
- —
- Rule version
mapper@0.1.2
Page and PDF snapshots are kept by Homepedia; the hash above identifies the exact version we read. Data as at 1 Nov 2026.
Fees
| Fee | Type | Amount |
|---|---|---|
| BPAY | Event | $0.00 |
| EFTPOS transactions | Event | $0.00 |
| PayTo | Event | $0.00 |
| Pay anyone using a BSB and account or PayID | Event | $0.00 |
| Visa foreign currency conversion fee | Event | 3.00% |
| Internal transfers between Defence Bank accounts | Event | $0.00 |
| Monthly account-keeping fee | Periodic | $0.00 |
| Emergency cash | Event | $0.00 |
| Emergency card replacement | Event | $0.00 |
| Overseas ATM cash withdrawals or balance enquiries fee | Event | $0.00 |
| Bank@Post™ | Event | $21.72 |
| Replacement Visa card within Australia | Event | $0.00 |
| Bank@Post (withdrawals and deposits) | Event | $0.00 |
| Domestic ATM cash withdrawals or balance enquiries | Event | $0.00 |
| Defence Bank ATM cash withdrawals or balance enquiries | Event | $0.00 |
| Same day transfers (via Swift/RTGS) - Inward | Event | $6.80 |
| Same day transfers (via Swift/RTGS) - Outward | Event | $11.80 |
| Record search fee | Event | $50.00 |
| Dormant fee | Event | $20.00 |
| Ultimate Package annual fee | Periodic | $96.00 |
| Dishonours (if insufficient funds) | Event | $0.00 |
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Card access | Your choice of camo-coloured Visa Debit card. | |
| Unlimited txns | ||
| Other | Higher rate of return | |
| Notifications | As an added security feature, Members can now set up transaction alerts on a nominated card via the mobile app to notify them whenever their account has been credited or debited. This is an optional feature that can be turned off and on. | Card Alerts |
| Other | Lock & Block | |
| Digital wallet | Compatible with digital wallets from Apple, Garmin, Google and Samsung. | |
| Digital wallet | Replace lost or stolen cards immediately. Using Quick Cards, Members can order a replacement card within the app and be issued with a virtual card that they can add to their digital wallet and use immediately. This removes the stress and inconvenience of having to wait until the physical card arrives to access funds. | Quick Cards |
| Bill payment | Bpay | |
| Other | Bank@Post facility available | Bank@Post |
| Npp payid | ||
| Npp enabled | faster, simpler ways to make payments | |
| Free txns | No monthly account-keeping fees. | Access to more than 7,000 fee-free local ATM's |
| Digital banking | Digital banking convenience | |
| Card access | Set your own Pin | |
| Other | https://www.defencebank.com.au/tools-and-advice/payto/ | PayTo |
| Eligibility: max age | 17 | Teen Saver is a great option for those aged 12-17 years with growing financial independence in mind. |
| Eligibility: min age | 12 | Teen Saver is a great option for those aged 12-17 years with growing financial independence in mind. |
Rate history
| Rate | From | To | Rate p.a. |
|---|---|---|---|
| Variable | 1 Nov 2026 | Current | 5.25% |
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