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Defence Bank Term Deposits

Defence Bank understand that buying a home could be one of the most important decisions you’ll ever make. To help you through your first, second or commercial property purchase they have put together a range of home loan choices to save you the hassle. You’ll need to become a member of Defcredit to take advantage of their True Value Home Loan and other great home loan products.

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Defence Bank term deposit interest calculator

Thinking about taking out a term deposit with Defence Bank? Use our term deposit calculator to see how much you can earn under different investment scenarios. You can also see how Defence Bank term deposits compare with other options.

Deposit Amount

Savings Duration

months

Defence Bank Term Deposits rates

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FAQs

Term deposits can be a great way to build your savings, but before you invest, you might have one important question. Are term deposits safe?

When it comes to investing your money, you can choose between high-risk and low-risk options. High-risk options tend to have a better potential payout, but you also risk earning no profit at all or even losing your original investment.

Low-risk options tend to earn less profit than high-risk options, but they’re also safer, with little to no risk of losing money. Term deposits fall into the low-risk category.

Term deposits are safe because they’re low-risk, but they’re also protected by the Australian government’s Financial Claims Scheme. This government guarantee will insure your deposit for up to $250,000 per person, per institution, meaning that even if the bank collapses, the government will reimburse you for your deposit.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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