Bank First
Preschool Long Service Leave 1 Year Term Deposit
Bank First · term deposits
Provider last updated this product 2026-09-16.
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School Term Deposit
Deposit rates
| Type | Rate | Term | Calculated | Applies to | Conditions | Interest |
|---|---|---|---|---|---|---|
| FIXED | 5.50% | 12 months | daily | - | The 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 will be dependent upon the day the deposit is made. Rollover investments will be for a 1 year term. | calculated daily |
| The 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 will be dependent upon the day the deposit is made. Rollover investments will be for a 1 year term. | ||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Term Deposit Early Withdrawal Interest Rate Reduction | WITHDRAWAL | - | 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 Remaining 20-39.99% interest reduction = 40%,Term Remaining 40-59.99% interest reduction = 60%,Term Remaining 60-79.99% interest reduction = 80%, Term Remaining 80-100% interest reduction = 90%. |
Rate history
The figures behind this chart
| From | Until | Rate |
|---|---|---|
| 2026-07-15 | 2026-09-14 | 5.30% |
| 2026-09-17 | 2026-10-26 (current) | 5.50% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- Other service related charges apply based on your circumstances
Who can apply
- otherOnly available to school accounts that hold a membership
The provider's own documents
- Product overview › (opens in a new tab)
- Terms and conditions › (opens in a new tab)
- Eligibility criteria › (opens in a new tab)
- Fees and pricing › (opens in a new tab)
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-09-16T23:03:49.305641Z · Product ID: 01b75f79-4873-4db3-9773-d79095a3426d