Recruit Salary Saver Account
We know that starting out financially can be a challenge. That’s why we’ve introduced our Recruit Salary Saver Account designed for new Defence Force Recruits and Cadets. It’s a simple everyday transaction account to give new Recruits a financial head start in their careers.
Designed
for Recruits and Cadets
Tap and Pay
with Digital Wallets
Zero
monthly or annual fee
Overview
- No annual fee on the Visa Debit Card
- No monthly service fee
- Add your Visa card to your preferred digital wallet from Apple Pay, Google Pay, Samsung Pay, and Garmin Pay^^
- Access to fast and simple payments with PayID
- No minimum balance to get started
- Visa Debit Card access including your choice of card design
Rates & Fees
Here’s a summary of the rates and fees for the Recruit Salary Saver Account:
Interest Rates:
- Interest rate: 1.05% p.a.
- Interest calculated daily and paid monthly
Monthly Fees:
- Monthly service fee: $0
Everyday Banking Fees:
- BPAY® transactions: Free
- Internet banking transactions: Free
- Mobile banking transactions: Free
- Australian Military Bank ATM transactions: Free
- EFTPOS transactions: Free
Additional fees may be payable. For more information please see our Fees and Charges Schedule.
Download our Fees and Charges Schedule
Questions
Here are the top questions we get asked about our Recruit Salary Saver Account. Can’t see your question? Call 1300 13 23 28.
Can I earn interest on my balance?
Can I use tap and go on my Visa debit card?
Use the arrows to scroll through the many Australian Military Bank Everyday Accounts options RESET
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1% cash back on Visa payWave purchases under $100 (capped at $25 per month)***$0Yes0.01% p.a.DailyMonthly
-
No monthly account keeping fees**
No minimum deposit required$0Yes0.01% p.a.Minimum monthly balanceAnnually 31 May -
No monthly account keeping fees
No minimum deposit required$0Yes1.05% p.a.DailyMonthly -
Stepped interest rates$0Yes0.80% p.a.DailyMonthly
-
Unlimited card holders
Easy access with Visa Debit and BPAY®$0Yes0.01% p.a.Minimum monthly balanceAnnually 31 May -
Visa Card available from 11 years of age; no monthly account keeping fees**$0Yes0.01% p.a.DailyMonthly
-
100% offset from your eligible Home Loan balance$0Yes---
The small print
**Transaction fees may apply
***Deposit a minimum of $2,000 per month (excluding transfers from other Australian Military Bank accounts) to become eligible for the 1% cash back offer. The cash back offer applies on contactless Visa payWave purchases under $100. Consider the Terms and Conditions and Fees and Charges Schedule available on this website.
^^Read our Terms and Conditions for Digital Wallets, before making a decision and consider if it is right for you. Available for eligible cards.
Rates are current as at 13 December 2024 and are subject to change at Australian Military Bank’s discretion.
® Registered to BPAY Pty Ltd ABN 69 079 137 518
The advice and information on this site doesn’t take into account your personal objectives, financial situation or needs, which you should consider before acting on any of our recommendations.
To decide if this product is right for you, please carefully review our Terms and Conditions brochure and Fees and Charges Schedule.
The Target Market Determinations (TMD) for our products are available here
The small print
**Transaction fees may apply
***Deposit a minimum of $2,000 per month (excluding transfers from other Australian Military Bank accounts) to become eligible for the 1% cash back offer. The cash back offer applies on contactless Visa payWave purchases under $100. Consider the Terms and Conditions and Fees and Charges Schedule available on this website.
^^Read our Terms and Conditions for Digital Wallets, before making a decision and consider if it is right for you. Available for eligible cards.
Rates are current as at 13 December 2024 and are subject to change at Australian Military Bank’s discretion.
® Registered to BPAY Pty Ltd ABN 69 079 137 518
The advice and information on this site doesn’t take into account your personal objectives, financial situation or needs, which you should consider before acting on any of our recommendations.
To decide if this product is right for you, please carefully review our Terms and Conditions brochure and Fees and Charges Schedule.
The Target Market Determinations (TMD) for our products are available here