Bank First
School 120-180 Day Flexible 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 | 5.30% | 6 months | daily | School 120-180 Day Flexible Term Deposit_Tier, $5,000 - $9,999,999.99 | Dependent on the term nominated determines when the interest will be applied | calculated daily |
| Dependent on the term nominated determines when the interest will be applied | ||||||
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 | 5.25% |
| 2026-09-17 | 2026-10-26 (current) | 5.30% |
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
Limits
- opening balance - 5000.00
- min balance - 5000.00
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: 2026-09-16T23:03:42.967734Z · Product ID: d85414a0-2d36-43f6-9c81-fac4c92c8b87