Military Rewards Account
Interest on the Military Rewards Account is calculated daily and paid monthly to members' accounts.
|
Balance | Interest Rate |
| | Whole of balance | 0.01% p.a. |
Access Account
Interest on the Access Account is calculated on the minimum monthly balance and credited to members' accounts on the 31st of May each year.
|
Balance | Interest Rate |
| | Whole of balance | 0.01% p.a. |
Military Kids Account
Interest on the Military Kids Account is calculated daily and credited to members’ accounts monthly.
|
Balance | Interest Rate |
| | Whole of balance | 0.01% p.a. |
Recruit Salary Saver Account
Interest on the Recruit Salary Saver is calculated daily and paid monthly to members' accounts.
|
Balance | Interest Rate |
| | Whole of balance | 1.05% p.a. |
Pension Access Account
Interest on the Pension Access Account is calculated daily and paid monthly to members' accounts.
|
Balance | Balance |
| | Tier 1 - $0 up to $49,200 | 0.25% p.a. |
| | Tier 2 - $49,201 to $250,000 | 0.80% p.a. |
| | Tier 3 - more than $250,000 | 0.25% p.a. |
Overdrafts
|
Type of Loan | Interest Rate | Comparison Rate |
| | Legacy Overdraft (Existing accounts only - product closed to new business) | 16.65% pa | N/A |
Note: Important Information please read
The small print
Rates are effective from 12 March 2025 and are subject to change.
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 small print
Rates are effective from 12 March 2025 and are subject to change.
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.
Online Saver
Interest on the Online Saver Account is calculated daily and paid monthly to members' accounts.
The bonus interest rate is applied to the full account balance when a balance between $0 and $500,000 is maintained and no withdrawals are made during the month.
|
Balance | Interest Rate |
| | $0 to $500,000 | 0.10% p.a. |
| | Bonus Interest | 4.40% p.a. |
| | Maximum Interest Earnt | Up to 4.50% p.a. |
DIY Super Saver Account
Interest on the DIY Super Saver Account is calculated daily and paid monthly to members' accounts.
|
Balance | Interest Rate |
| | Whole of balance | 3.75% p.a. |
Christmas Club
Interest on the Christmas Club Account is calculated on the minimum monthly balance and credited to members' accounts on the 31st of October each year.
|
Balance | Interest Rate |
| | Whole of balance | 0.25% p.a. |
Note: Important Information please read
The small print
Rates are effective from 20 March 2025 and are subject to change. Rates are current at the time of publication and are subject to change at Australian Military Bank’s discretion. 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 Schedule of Fees and Charges.
The small print
Rates are effective from 20 March 2025 and are subject to change. Rates are current at the time of publication and are subject to change at Australian Military Bank’s discretion. 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 Schedule of Fees and Charges.
Investment Plus
Interest on the Investment Plus term deposits is paid on maturity for terms up to and including 12 months. For any term that exceeds 12 months, interest is paid annually. Investment Plus interest rates also apply for Teen Plus. Interest in this case, is paid on maturity and a minimum deposit size of $500 applies.
|
Term | $1,000 and above |
| | 3 Months | 3.50% p.a. |
| | 4 Months | 4.30% p.a. |
| | 5 Months | 4.45% p.a. |
| | 6 Months | 4.65% p.a. |
| | 7 to 8 Months | 4.50% p.a. |
| | 9 Months | 4.50% p.a. |
| | 10 to 11 Months | 4.60% p.a. |
| | 12 Months | 4.45% p.a. |
| | 13 to 15 Months | 4.30% p.a. |
| | 16 to 23 Months | 3.80% p.a. |
| | 24 to 36 Months | 3.80% p.a. |
Income Plus
Interest on the Income Plus Term Deposits is paid monthly and a minimum deposit size of $1,000 applies.
|
Term | $1,000 and above |
| | 3 Months | 3.40% p.a. |
| | 4 Months | 4.20% p.a. |
| | 5 Months | 4.35% p.a. |
| | 6 Months | 4.55% p.a. |
| | 7 to 8 Months | 4.40% p.a. |
| | 9 Months | 4.40% p.a. |
| | 10 to 11 Months | 4.50% p.a. |
| | 12 Months | 4.35% p.a. |
Note: Important Information please read
The small print
Rates effective from 18 March 2025.
Rates are current at the time of publication and are subject to change at Australian Military Bank’s discretion. 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 small print
Rates effective from 18 March 2025.
Rates are current at the time of publication and are subject to change at Australian Military Bank’s discretion. 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.
Capital Guaranteed Super and Pension
Interest on the variable rate investment option is calculated daily and paid monthly to members' accounts.
The minimum fixed term investment is $20,000. Interest is calculated daily and paid at maturity to members' accounts.
|
Balance | Interest Rate |
| | 12 month Fixed Term Investment Option | 4.45% p.a. |
| | 24 month Fixed Term Investment Option | 3.80% p.a. |
| | 36 month Fixed Term Investment Option | 3.80% p.a. |
| | Variable Rate Investment Option ($0 - $9,999) | 0.25% p.a. |
| | Variable Rate Investment Option (>$10,000) | 0.25% p.a. |
Note: Important Information please read
The small print
Rates effective 18 March 2025 and are subject to change at Australian Military Bank’s discretion. 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 small print
Rates effective 18 March 2025 and are subject to change at Australian Military Bank’s discretion. 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.
DHOAS Variable Rate Home Loans
|
Type of Loan | Interest Rate1 | Comparison Rate2 |
| | DHOAS RateSaver Home Loan | 5.89% p.a. | 5.92% p.a. |
| | DHOAS Value Home Loan | 6.29% p.a. | 6.32% p.a. |
| | DHOAS Standard Variable Home Loan | 6.73% p.a. | 6.76% p.a. |
| | DHOAS Construction Home Loan | 6.53% p.a. | 6.56% p.a. |
DHOAS Fixed Rate Home Loans
|
Type of Loan | Interest Rate3 | Comparison Rate2 |
| | DHOAS 1 Year Fixed Rate Home Loan | 5.99% p.a. | 6.69% p.a. |
| | DHOAS 2 Year Fixed Rate Home Loan | 5.59% p.a. | 6.54% p.a. |
| | DHOAS 3 Year Fixed Rate Home Loan | 5.74% p.a. | 6.48% p.a. |
| | DHOAS 5 Year Fixed Rate Home Loan | 6.05% p.a. | 6.46% p.a. |
Note: Important Information please read
The small print
Rates effective for new business from 27 March 2025.
Lending criteria, terms, conditions, fees and charges (including early break fees) apply.
1 Interest rates are based on new owner occupier home loans for $150,000 or more with a minimum deposit of:
-
40% for RateSaver and Value loans (incl. DHOAS) when making monthly principal & interest repayments,
-
10% for Fixed Rate loans (incl. DHOAS) when making monthly principal & interest repayments,
-
10% for Construction loans (incl. DHOAS) when making monthly interest only repayments,
-
5% for Standard Variable loans (incl. DHOAS) when making monthly principal & interest repayments.
Rates are available for new loan applications, include a discount to the applicable reference rate and subject to change.
At the end of the fixed period on the Fixed Rate Home Loans (incl. DHOAS), the loan will convert to the Standard Variable Home Loan (incl. DHOAS) at the applicable variable rate for a principal and interest loan.
Lenders Mortgage Insurance (LMI) is required when borrowing more than 80% loan to value ratio (LVR). Our LMI provider may require additional terms and conditions. The calculation of the maximum LVR includes the LMI premium (except for Construction Home Loan, where it’s exclusive of the LMI premium).
During an Interest Only period, your interest only repayments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
2 Comparison rate based on a $150,000 secured loan over 25 years with monthly repayments. WARNING: This comparison rate applies only to the example given and may not include all fees and charges. Different terms, fees and loan amounts will result in a different comparison rate. Comparison rates for variable interest only home loans are based on an initial 5-year interest only period. Comparison rates for fixed rate interest only home loans are based on an initial interest only period equal in term to the fixed period.
The small print
Rates effective for new business from 27 March 2025.
Lending criteria, terms, conditions, fees and charges (including early break fees) apply.
1 Interest rates are based on new owner occupier home loans for $150,000 or more with a minimum deposit of:
-
40% for RateSaver and Value loans (incl. DHOAS) when making monthly principal & interest repayments,
-
10% for Fixed Rate loans (incl. DHOAS) when making monthly principal & interest repayments,
-
10% for Construction loans (incl. DHOAS) when making monthly interest only repayments,
-
5% for Standard Variable loans (incl. DHOAS) when making monthly principal & interest repayments.
Rates are available for new loan applications, include a discount to the applicable reference rate and subject to change.
At the end of the fixed period on the Fixed Rate Home Loans (incl. DHOAS), the loan will convert to the Standard Variable Home Loan (incl. DHOAS) at the applicable variable rate for a principal and interest loan.
Lenders Mortgage Insurance (LMI) is required when borrowing more than 80% loan to value ratio (LVR). Our LMI provider may require additional terms and conditions. The calculation of the maximum LVR includes the LMI premium (except for Construction Home Loan, where it’s exclusive of the LMI premium).
During an Interest Only period, your interest only repayments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
2 Comparison rate based on a $150,000 secured loan over 25 years with monthly repayments. WARNING: This comparison rate applies only to the example given and may not include all fees and charges. Different terms, fees and loan amounts will result in a different comparison rate. Comparison rates for variable interest only home loans are based on an initial 5-year interest only period. Comparison rates for fixed rate interest only home loans are based on an initial interest only period equal in term to the fixed period.
Variable Rate Home Loans
|
Type of Loan | Interest Rate1 | Comparison Rate2 |
| | RateSaver Home Loan | 5.89% p.a. | 5.92% p.a. |
| | Standard Variable Home Loan | 6.73% p.a. | 6.76% p.a. |
| | Value Home Loan | 6.29% p.a. | 6.32% p.a. |
| | Construction Home Loan | 6.53% p.a. | 6.56% p.a. |
Fixed Rate Home Loans
|
Type of Loan | Interest Rate3 | Comparison Rate2 |
| | 1 Year Fixed Rate Home Loan | 5.99% p.a. | 6.69% p.a. |
| | 2 Year Fixed Rate Home Loan | 5.59% p.a. | 6.54% p.a. |
| | 3 Year Fixed Rate Home Loan | 5.74% p.a. | 6.48% p.a. |
| | 5 Year Fixed Rate Home Loan | 6.05% p.a. | 6.46% p.a. |
Note: Important Information please read
The small print
Rates effective for new business from 27 March 2025.
Lending criteria, terms, conditions, fees and charges (including early break fees) apply.
1 Interest rates are based on new owner occupier home loans for $150,000 or more with a minimum deposit of:
-
40% for RateSaver and Value loans (incl. DHOAS) when making monthly principal & interest repayments,
-
10% for Fixed Rate loans (incl. DHOAS) when making monthly principal & interest repayments,
-
10% for Construction loans (incl. DHOAS) when making monthly interest only repayments,
-
5% for Standard Variable loans (incl. DHOAS) when making monthly principal & interest repayments.
Rates are available for new loan applications, include a discount to the applicable reference rate and subject to change.
At the end of the fixed period on the Fixed Rate Home Loans (incl. DHOAS) , the loan will convert to the Standard Variable Home Loan (incl. DHOAS) at the applicable variable rate for a principal and interest loan.
Lenders Mortgage Insurance (LMI) is required when borrowing more than 80% loan to value ratio (LVR). Our LMI provider may require additional terms and conditions. The calculation of the maximum LVR includes the LMI premium (except for Construction Home Loan, where it’s exclusive of the LMI premium).
During an Interest Only period, your interest only repayments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
2 Comparison rate based on a $150,000 secured loan over 25 years with monthly repayments. WARNING: This comparison rate applies only to the example given and may not include all fees and charges. Different terms, fees and loan amounts will result in a different comparison rate. Comparison rates for variable interest only home loans are based on an initial 5-year interest only period. Comparison rates for fixed rate interest only home loans are based on an initial interest only period equal in term to the fixed period.
The small print
Rates effective for new business from 27 March 2025.
Lending criteria, terms, conditions, fees and charges (including early break fees) apply.
1 Interest rates are based on new owner occupier home loans for $150,000 or more with a minimum deposit of:
-
40% for RateSaver and Value loans (incl. DHOAS) when making monthly principal & interest repayments,
-
10% for Fixed Rate loans (incl. DHOAS) when making monthly principal & interest repayments,
-
10% for Construction loans (incl. DHOAS) when making monthly interest only repayments,
-
5% for Standard Variable loans (incl. DHOAS) when making monthly principal & interest repayments.
Rates are available for new loan applications, include a discount to the applicable reference rate and subject to change.
At the end of the fixed period on the Fixed Rate Home Loans (incl. DHOAS) , the loan will convert to the Standard Variable Home Loan (incl. DHOAS) at the applicable variable rate for a principal and interest loan.
Lenders Mortgage Insurance (LMI) is required when borrowing more than 80% loan to value ratio (LVR). Our LMI provider may require additional terms and conditions. The calculation of the maximum LVR includes the LMI premium (except for Construction Home Loan, where it’s exclusive of the LMI premium).
During an Interest Only period, your interest only repayments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
2 Comparison rate based on a $150,000 secured loan over 25 years with monthly repayments. WARNING: This comparison rate applies only to the example given and may not include all fees and charges. Different terms, fees and loan amounts will result in a different comparison rate. Comparison rates for variable interest only home loans are based on an initial 5-year interest only period. Comparison rates for fixed rate interest only home loans are based on an initial interest only period equal in term to the fixed period.
Investment Home Loans
|
Type of Loan | Interest Rate1 | Comparison Rate2 |
| | Investment RateSaver Home Loan | 6.14% p.a. | 6.17% p.a. |
| | Investment Value Home Loan - Principal and Interest | 6.54% p.a. | 6.57% p.a. |
| | Investment Value Home Loan - Interest Only | 6.98% p.a. | 7.02% p.a. |
| | 2 Year Investment Fixed Rate Home Loan | 5.84% p.a. | 6.78% p.a. |
| | 3 Year Investment Fixed Rate Home Loan | 5.99% p.a. | 6.73% p.a. |
| | 2 Year Investment Fixed Rate Home Loan - Interest Only | 5.84% p.a. | 6.78% p.a. |
| | 3 Year Investment Fixed Rate Home Loan - Interest Only | 5.99% p.a. | 6.73% p.a. |
| | Investment Construction Home Loan | 6.78% p.a. | 6.82% p.a. |
Note: Important Information please read
The small print
Rates are effective from 27 March 2025 and are subject to change.
Lending criteria, terms, conditions, fees and charges (including early break fees) apply.
1 Interest rates are based on new investment home loans for $150,000 or more with a minimum deposit of:
-
40% for RateSaver and Value loans when making monthly principal & interest repayments,
-
10% for Fixed Rate loans when making monthly principal & interest repayments (or 20% for monthly interest only repayments).
-
10% for Construction loans when making monthly interest only repayments.
Rates are available for new loan applications, include a discount to the applicable reference rate and subject to change.
At the end of the fixed period on the Investment Fixed Rate Home Loans, the loan will convert to the Investment Value Home Loan at the applicable variable rate for a principal and interest loan.
Lenders Mortgage Insurance (LMI) is required when borrowing more than 80% loan to value ratio (LVR). Our LMI provider may require additional terms and conditions. The calculation of the maximum LVR includes the LMI premium (except for Construction Home Loan, where it’s exclusive of the LMI premium).
During an Interest Only period, your interest only repayments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
2 Comparison rate based on a $150,000 secured loan over 25 years with monthly repayments. WARNING: This comparison rate applies only to the example given and may not include all fees and charges. Different terms, fees and loan amounts will result in a different comparison rate. Comparison rates for variable interest only home loans are based on an initial 5-year interest only period. Comparison rates for fixed rate interest only home loans are based on an initial interest only period equal in term to the fixed period.
The small print
Rates are effective from 27 March 2025 and are subject to change.
Lending criteria, terms, conditions, fees and charges (including early break fees) apply.
1 Interest rates are based on new investment home loans for $150,000 or more with a minimum deposit of:
-
40% for RateSaver and Value loans when making monthly principal & interest repayments,
-
10% for Fixed Rate loans when making monthly principal & interest repayments (or 20% for monthly interest only repayments).
-
10% for Construction loans when making monthly interest only repayments.
Rates are available for new loan applications, include a discount to the applicable reference rate and subject to change.
At the end of the fixed period on the Investment Fixed Rate Home Loans, the loan will convert to the Investment Value Home Loan at the applicable variable rate for a principal and interest loan.
Lenders Mortgage Insurance (LMI) is required when borrowing more than 80% loan to value ratio (LVR). Our LMI provider may require additional terms and conditions. The calculation of the maximum LVR includes the LMI premium (except for Construction Home Loan, where it’s exclusive of the LMI premium).
During an Interest Only period, your interest only repayments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
2 Comparison rate based on a $150,000 secured loan over 25 years with monthly repayments. WARNING: This comparison rate applies only to the example given and may not include all fees and charges. Different terms, fees and loan amounts will result in a different comparison rate. Comparison rates for variable interest only home loans are based on an initial 5-year interest only period. Comparison rates for fixed rate interest only home loans are based on an initial interest only period equal in term to the fixed period.
Car Loans
|
Type of Loan | Interest Rate | Comparison Rate1 |
| | Car Loan | 6.95% p.a. | 7.89% p.a. |
Personal Loans
|
Type of Loan | Interest Rate | Comparison Rate |
| | Green Loan | 7.15% p.a. | 8.06% p.a. |
| | Fixed Rate | 8.95% p.a. | 9.85% p.a. |
Note: Important Information please read
The small print
Rates are effective from 19 December 2024 and are subject to change.
Terms, conditions, fees, charges and lending criteria apply. These are available at the time of application.
1 Comparison rate based on a $30,000 loan over 5 years. WARNING: This comparison rate applies to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and costs and savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. A monthly repayment frequency and a term of 5 years have been used to calculate our comparison rate.
The small print
Rates are effective from 19 December 2024 and are subject to change.
Terms, conditions, fees, charges and lending criteria apply. These are available at the time of application.
1 Comparison rate based on a $30,000 loan over 5 years. WARNING: This comparison rate applies to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and costs and savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. A monthly repayment frequency and a term of 5 years have been used to calculate our comparison rate.
Low Rate Visa Credit Card
|
Type of Loan | Interest Rate | Comparison Rate |
| | Purchases1 | 11.99% p.a. | N/A |
| | 12 Month Balance Transfer | 0.00% p.a. | N/A |
| | Cash advances | 19.99% p.a. | N/A |
Note: Important Information please read
The small print
Rates are effective from 1 January 2019 and are subject to change. Terms, conditions, fees, charges and lending criteria apply. These are available at the time of application.
1 11.99% for purchases with up to 45 days interest free.
The small print
Rates are effective from 1 January 2019 and are subject to change. Terms, conditions, fees, charges and lending criteria apply. These are available at the time of application.
1 11.99% for purchases with up to 45 days interest free.
Fees and Charges
Australian Military Bank provides the following services free of charge to members:
-
Cash withdrawals in branch.
-
Internal transfers through online or mobile banking.
-
Deposits of any kind.
-
Debit Card transactions where the 'Credit' button selected on the EFTPOS terminal.
-
Visa Debit Card bill payments.
-
Free Everyday banking for ADF recruits with the Recruit Salary Saver Account.
Useful links
The reference rates are our interest rates without any discounts applied.
Your reference rate can be found in your loan contract.
Reference Rates
|
Type of Loan | Interest Rate | Comparison Rate1 |
| | DHOAS fixed revert rate | 6.73% p.a. | 6.76% p.a. |
| | Non-DHOAS fixed revert rate | 6.73% p.a. | 6.76% p.a. |
| | Investment fixed revert rate | 6.98% p.a. | 7.02% p.a. |
| | Standard Variable Home Loan | 8.85% p.a. | 8.89% p.a. |
| | Home Equity Overdraft (not for sale) | 6.90% p.a. | na |
| | Overdraft (not for sale) | 16.65% p.a. | na |
Note: Important Information please read
The small print
Rates are effective from 04 March 2025 and are subject to change. Terms, conditions, fees, charges and lending criteria apply. These are available at the time of application.
1 Comparison rate calculated on a loan amount of $150,000 over a term of 25 years. WARNING: This comparison rate applies to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and costs and savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. A monthly repayment frequency and a term of 25 years have been used to calculate our comparison rate.
The small print
Rates are effective from 04 March 2025 and are subject to change. Terms, conditions, fees, charges and lending criteria apply. These are available at the time of application.
1 Comparison rate calculated on a loan amount of $150,000 over a term of 25 years. WARNING: This comparison rate applies to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and costs and savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. A monthly repayment frequency and a term of 25 years have been used to calculate our comparison rate.
