School Accounts
Everyday School Account
- No transaction fees, so more of your money can be invested into your school and your students’ education
- No minimum balance necessary
- Be rewarded with a higher interest rate with a balance of $5,000 and over
30-90 Days School Term Deposit
- Highly competitive rate
- Secure a fixed rate of return, so you know exactly what interest you will earn on your investment
- Get started with a minimum $5,000 opening deposit
120-180 Days School Term Deposit
- Interest is calculated daily and applied at the completion of your investment
- Review your Term Deposit balance using Internet Banking
- Get a highly competitive interest rate
We are a bank that comes to you
Our dedicated Community Engagement Partners make on-site visits to schools and education organisations and can be found at conferences we sponsor and numerous events.
Whether it’s a comprehensive information session for staff or a one-on-one appointment, let us help you on your terms.
We're here to talk with you about your school’s unique circumstances and recommend what’s best for your needs.
Financial wellbeing
Relevant and ethical advice staff might need to improve their financial wellbeing.
Home loan health checks
Free general financial health checks and home loan health checks.
Professional development
Attend your Professional Development sessions and present on topics such as money management, superannuation and retirement.
Share your ideas
Be your voice if you need anything followed-up and will share your ideas with the business.
Keep you updated
Updates from Bank First that benefit the community.
Schools and Preschools Interest Rates effective 3 October 2025.
Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.