1 live product
Defence Bank
Best available rate
4.65%p.a.
Max eSaver
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
0.10%
Bonus
4.55%
Conditions
Bonus rules apply
Finding the best rates…
Savings Accounts Comparison
Bank One
Defence Bank
Best available
Up to 4.65% p.a.
Line-up
1 live product
VS
Defence Bank vs HSBC
Compare Defence Bank and HSBC savings accounts side by side. In March 2026, Defence Bank offers 1 account with rates up to 4.65% p.a., while HSBC has 1 account reaching 4.65% p.a.
VS
1 live product
HSBC
Best available rate
4.65%p.a.
Everyday Savings (Intro)
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
2.50%
Bonus
0.00%
Conditions
No monthly hoops
Live edge
Defence Bank and HSBC are level on headline savings rate. Base rate and bonus conditions will decide the better real-world option.
Rates level
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | Defence Bank | HSBC |
|---|---|---|
| Max rate | 4.65% | 4.65% |
| Base rate | 0.10% | 2.50% |
| Bonus rate | 4.55% | 0.00% |
| Has conditions | Yes | No |
All Defence Bank Products
Every tracked savings accounts option from Defence Bank.
All HSBC Products
Every tracked savings accounts option from HSBC.
In March 2026, Defence Bank's Max eSaver offers up to 4.65% p.a. (0.10% base + 4.55% bonus), while HSBC's Everyday Savings (Intro) reaches 4.65% p.a.. Both banks are offering the same headline rate.
Defence Bank's top rate requires meeting bonus conditions each month, while HSBC offers its rate with no ongoing requirements. HSBC's rate includes an introductory component for 3 months. Defence Bank's rate applies on balances up to $1,000,000.
Defence Bank has 1 savings product and HSBC has 1, giving you a range of options to compare.
Quick Comparison
| Feature | Defence Bank | HSBC |
|---|---|---|
| Max Rate | 4.65% | 4.65% |
| Base Rate | 0.10% | 2.50% |
| Bonus Rate | 4.55% | 0.00% |
| Conditions Required |
Common Questions
Defence Bank vs HSBC FAQs
Which bank has the better savings rate, Defence Bank or HSBC?
Defence Bank currently offers the higher rate at 4.65% p.a., compared to 4.65% p.a. Rates are sourced from live data and change frequently.
What is Defence Bank's best savings account rate in 2026?
Defence Bank's best savings rate is 4.65% p.a. on the Max eSaver, consisting of a 0.10% base rate and 4.55% bonus rate. This rate requires meeting monthly bonus conditions.
What is HSBC's best savings account rate in 2026?
HSBC's best savings rate is 4.65% p.a. on the Everyday Savings (Intro).
Do Defence Bank and HSBC savings accounts have conditions?
HSBC's top rate has no ongoing conditions, while Defence Bank requires meeting bonus conditions each month to earn the full advertised rate.