Recruit Salary Saver Account

A special everyday transaction account designed especially for new Defence Force Recruits.

 

Recruit Salary Saver

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 exclusively for new Defence Force Recruits. It’s a simple everyday transaction account that has a high interest rate to give new Recruits a financial head start in their careers.

Designed specifically

for ADF Recruits

Zero Everyday

banking fees

Free

ATM withdrawals*

Overview
 

The Recruit Salary Saver Account is available to new Australian Defence Force Recruits within 4 months of their march-in date. It features:
 
  • Free Australian Military Bank ATM withdrawals*
  • No annual fee on the Visa Debit Card
  • A high interest rate
  • No everyday banking fees
  • No monthly service fee when you deposit at least $1500 each month^
  • No minimum balance to get started
  • Visa Debit Card access including your choice of card design
  • 24 hour access via internet banking and mobile banking
  • Direct debit and credit facility
To open a Recruit Salary Saver Account, apply online, call us on
1300 13 23 28, or visit your nearest branch.

Rates & Fees


Here’s a summary of the rates and fees for the Recruit Salary Saver Account:

Interest Rates:

  • Interest rate: 2.00% p.a.
  • Interest calculated daily and paid monthly


Monthly Fees:

  • Monthly service fee: $4 where the minimum deposit is not met^


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 Schedule of Fees and Charges.


Download our Schedule of Fees and Charges

Questions

 

Here are the top 5 questions we get asked about our Recruit Salary Saver Account. Can’t see your question? Call 1300 13 23 28.

For how long after I march in am I eligible to open a Recruit Salary Saver?
You can open a Recruit Salary Saver Account within 4 months of marching in as a new recruit.
 
How can I have my monthly service fee waived?
When you deposit a minimum of $1,500 per calendar month (for example your salary) to your Recruit Salary Saver Account, you’ll have the $4.00 monthly service fee on your account waived.

Can I earn interest on my balance?
Yes, you can earn a great interest rate on your account balance, which is calculated daily and paid into your account monthly.
 
Is there a minimum balance needed to open the account and keep it active?
No, there is no minimum balance required to open the account and keep it active.

Can I use tap and go on my Visa debit card?
Yes, your Visa debit card comes enabled with Visa payWave that enables you to perform tap and go transactions under $100.

Features
Monthly Service Fees
Visa Debit Card Access
Direct Debit and Credit Facility
Choose your debit card design
Cheque Facility
Interest Rate
Online and phone banking
ATM and EFTPOS
Bank @ Post
Branch Banking
Interest Calculated
Interest Paid

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