Bank First Production
Preschool Long Service Leave 1 Year Term Deposit
School Term Deposit
Term depositsBank updated 17 Sept 2026
At a glance
- Best rate
- 5.50% for 365d
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedThe maturity date is 1 September each year therefore the maximum term available is 1 year. Deposits made throughout the year will be invested to mature on the maturity date and therefore the term wil… | — | 365 days | — | 5.50% | — | paid at maturity |
§ 02 — Fees · 1
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Term Deposit Early Withdrawal Interest Rate Reduction | Withdrawal | $0 | — | For early withdrawals of a part or full amount of a Term Deposit the interest accrued or paid to that date will reduce as follows: Percentage of Term Remaining 0-19.99% interest reduction = 20%,Term… |
§ 03 — Features
Digital banking
- · Other service related charges apply based on your circumstances
§ 04 — Eligibility & limits
- · Only available to school accounts that hold a membership
§ 06 — Run the numbers
Put this product through a calculator
Published by Bank First under the Consumer Data Right, last changed by them on 17 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.