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Preschool Long Service and Sick Leave Term Deposit

Keeping entitlement funds separate ensures safety, security and knowledge that when staff changes happen your money won’t get mixed up and lost.

Competitive interest rate

A competitive interest rate means that you know your preschool's money is actually working for you.

4.55%p.a
Interest rate ($500 and over)
Apply nowCall 1300 654 822

The details

  • No transaction fees

    So more funds can be attributed to these provisions.¹

  • Option to reinvest

    Deposits made throughout the year will be invested to mature on the maturity date of 1 September each year. You can also choose to maximise your compound interest earnings by re-investing. Rollover investments will have a 1-year term.

  • Easy access

    Easily access and manage funds via Internet Banking.

  • Each quarter

    The balance of the Account is transferred into a Term Deposit, earning a higher rate of interest to ensure funds are saved for staff entitlements.

Rates and Fees

  • Interest tier is determined on the whole of balance

     

    Interest rate (p.a.)

    $500 and over

    4.55%

     

  • One-off Fees

     

     

    Account keeping fees

    $0

    Transaction fees1

    $0

    Ongoing Fees

     

     

    Annual fee

    $0

     

Ready to Apply?

Applying for a Term Deposit for your preschool is a journey you shouldn’t go through alone. Our Relationship Officers are here to talk with you about your school’s unique circumstances.

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Speak with your local Relationship officer.

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Call 1300 654 822
Terms and Conditions

 

Important Information

Schools and Preschools Interest Rates effective 5 February 2025.

Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.
1. Other fees and charges may apply.