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Defence Bank · Transaction accounts
Salute Account
Defence Bank's Salute Account is a transaction account. The figures are the ones Defence Bank publishes under the Consumer Data Right today. The advertised rate last moved on 14 October 2026, up from 5.50% to 5.75%.
Advertised rate
5.75%
headline tier
Tiers
2
current rate rows
Last moved
+0.25pp
14 October 2026
Advertised rate, last 30 days. Between 5.50% and 5.75% over the last 30 days.
Every current rate (2)
| Tier | Rate |
|---|---|
| Variable | 4.00% |
| BonusBonus rate is the total rate payable for the first 12 months. | 5.75% |
Rate moves, last 30 days
- 14 October 2026: Variable lifted 0.25pp, from 3.75% to 4.00%.
Published fees
| Fee | Amount |
|---|---|
| BPAYwhen it happens: We don't charge a fee for BPAY | $0 |
| Same day transfers (via Swift/RTGS) - Inwardwhen it happens: Charged when funds transferred via Swift/RTGS (same day). | $6.80 |
| Same day transfers (via Swift/RTGS) - Outwardwhen it happens: Charged when funds transferred via Swift/RTGS (same day). | $11.80 |
| Record search feewhen it happens: Charged where you request we search our records and retrieve documents. | $50 |
| Dormant feewhen it happens: This fee may be charged in certain circumstances when your membership is redeemed by us due to non-activity of more than 12 months. | $20 |
| Ultimate Package annual feerecurring: Package related to a home loan Ultimate Package. | $96 |
| Dishonours (if insufficient funds)when it happens: We don't charge a fee for dishonours | $0 |
| EFTPOS transactionswhen it happens: We don't charge a fee for EFTPOS transactions | $0 |
| PayTowhen it happens: We don't charge a fee for PayTo | $0 |
| Internal transfers between Defence Bank accountswhen it happens: We don't charge a fee for Internal transfers between Defence Bank accounts | $0 |
| Monthly account-keeping feerecurring: We don't charge a monthly account-keeping fee | $0 |
| Pay anyone using a BSB and account or PayIDwhen it happens: We don't charge a fee for Pay anyone using a BSB and account number or PAYID | $0 |
Get an email the morning Defence Bank moves this rate.
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