Build real strength in your savings with our Online Saver Account and Military Rewards Account.

The Online Saver Account gives you access to your money exclusively via Internet Banking or Mobile Banking, so you can avoid temptation and reach your savings goals faster. Plus, you’ll be rewarded with a competitive bonus interest rate when the conditions on the account are met*.

No minimum balance to get started

Maximum balance $500,000

No monthly account keeping fees

Includes a bonus interest rate for balances between $0 - $500,000 when no withdrawals are made during the calendar month*

Free transfers available through a linked bank account

Competitive interest rate calculated daily and paid monthly

Our Military Rewards Account is the perfect everyday spending companion, featuring 1% cash back (with a $25 monthly cap) on Visa payWave purchases under $100, free Australian Military Bank ATM withdrawals and no account keep fees. Plus, our cents gifting program allows you to choose one of our four charity partners to donate your 'spare change' to each and every month. 

No account keeping fees~

No transaction fees (within Australia)^#

Cash donations to Defence charities ^

Open online in 5 mins

on Visa payWave purchases under $100 when you deposit at least $2,000 each month* (capped at $25 per month)

Take control of your money today.

Apply online via our simple application.

Download our app from the app store to apply online with ease.

If you're already a member of Australian Military Bank, then simply open account via Internet or Mobile Banking.

Log into your AMB account via the button below to apply online.

Whether you're a new or existing member, come and see our friendly team in branch to apply.

Find your nearest branch via

the button below.

How is the interest calculated?

The Online Saver has two interest rate tiers as well as a bonus interest rate. Interest is calculated daily and is paid into your account monthly. Your quarterly statement will display 2 separate line items identifying the standard interest earned and Bonus interest earned (if applicable).

Is there a minimum balance needed to open the account and keep it active?

No, there is no minimum balance required. However to earn the bonus interest rate on the account, your account balance must be between $0 and $500,000.

Are there any restrictions on withdrawals?

No, there are no restrictions; however you will forfeit any bonus interest if you make a withdrawal during the month.

How do I get the bonus interest rate?

In order to earn the bonus interest, you must meet two conditions.

1. The account balance must be between $0 and $500,000.
2. There must have been no withdrawals in the past full month.

In the event your account meets the balance criteria mid month (due to a deposit) and there have been no withdrawals in the month, the bonus interest will only be applied for the number of days that the account was eligible.

How does the cents gifting program work?

Each month, Australian Military Bank will transfer your ‘spare change’ (i.e. the cents on your account balance up to 0.99c) to a Defence related charity selected by you. Australian Military Bank will then match, dollar-for-dollar, the money donated each month and contribute this directly to the specified charities.

Click here for more information

Terms, conditions, fees and charges apply.

* Includes bonus interest applicable for balances between $0 and $500,000 when you don’t make any withdrawals during the month. Interest rates are effective as at 13 January 2026 and are subject to change at Australian Military Bank's discretion. Visit our website for the latest rates

* Earn 1% cashback rebate for transactions under $100 when you tap with Visa payWave to pay, up to a maximum $25 per month. Applies when you deposit $2,000 or more per calendar month (excluding internal transfers). We may vary or withdraw this offer at any time.

~ Accounts that have not had any member-initiated transactions in 24 months, will be charged a $2 p.m. dormancy fee.

# International, staff-assisted and SWIFT transaction fees still apply as well as other non-transactional fees. Refer to our Fees and Charges Schedule for more details.

^ At the end of the month, we’ll transfer the cents from your account up to $0.99 and donate it to one of our four Defence charity partners. We’ll then match your donation each month. We may vary or withdraw this offer at any time.

The information provided is general in nature only and does not take into account your individual needs, objectives or financial situation. Before making a decision if a product is right for you, please read the Account and Access Facility Terms and Conditions, Schedule of Fees and Charges, Financial Services Guide and Target Market Determinations (TMD).

© Australian Military Bank 2026

Australian Military Bank Ltd ABN 48 087 649 741
AFSL and Australian Credit Licence Number 237 988.

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