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Defence Bank · Savings account

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Max E Saver

Pays 5.10% p.a. total (0.10% base plus 5.00% bonus) as of 17 September 2026. Ranks 33rd of 93 savings accounts tracked by BankMate, 0.24 points above the average of 4.86%. The rate last rose on 20 May 2026, 14 days after the RBA raised the cash rate to 4.35%.

5.10%p.a.

0.10% base + 5.00% bonus · bonus up to $1,000,000 · variable

Go to Defence Bank

Rate over time

Total rate, conditions met
  • Max E Saver
  • RBA cash rate
  • Market average
4.004.505.00MarMayJulToday5.10% p.a. today

Position among 93 accounts

By month, end of month
  1. Feb 2026: ranked 13 of 46
  2. Mar 2026: ranked 41 of 74
  3. Apr 2026: ranked 23 of 88
  4. May 2026: ranked 17 of 91
  5. June 2026: ranked 22 of 91
  6. July 2026: ranked 24 of 92
  7. Aug 2026: ranked 24 of 92
  8. Sept 2026: ranked 33 of 93
Feb 2026This month

In the top 50% for 7 of the last 8 months. Its lowest was #41 of 74 in Mar 2026.

Changes

2 on record since 1 Mar 2026
  1. 4.95 → 5.20Bonus rate · 14 days after the RBA rise to 4.35%
    +0.25
  2. 4.65 → 4.95Bonus rate · 15 days after the RBA rise to 4.10%
    +0.30

Conditions for the bonus rate

Checked each month
Withdrawals
Not allowed
Balance range
$0 - $1,000,000

On your balance

Saved with your preferences
Interest this year
—
Each month
—
Against the average account (4.86%)
—
Rate by balance
Up to $1M
5.10%

Notes from savers

to leave a note.