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.
The details
No transaction fees
So more funds can be attributed to these provisions.¹Option 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 and Phone 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
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.
Important Information
Schools and Preschools Interest Rates effective 11 April 2024.
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.