• Phone banking will be unavailable due to system maintenance on Wednesday 2 December between 10:00pm and 11:00pm. Customers can still access online banking and use their cards during this time. We apologise for any inconvenience.

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0.05 % p.a.

Interest rate
($0 - $4,999)

0.35 % p.a.

Interest rate
($5,000 and over)

0.05 % p.a.

Interest rate
($0 - $4,999)

0.35 % p.a.

Interest rate
($5,000 and over)

Easily manage day-to-day finances

Managing finances for your Preschool is a complex task, so accessing your money needs to be as easy as possible. That’s exactly what the Bank First Preschool Savings Account provides.

With a competitive interest rate, the Preschool Savings Account allows you to earn more on funds that you don’t need day-to-day. You’ll be secure knowing that your school’s money is working for you with access whenever you need it.

The details:

  • Have the freedom to access your funds anytime, for planned spending or emergencies.

  • An interest rate helps your preschool save.

  • We're committed to supporting education in Victoria, so there are no transaction fees for this preschool bank account.1

  • Choose your own way to bank: use a Deposit Book, and utilise our Internet and Phone Banking.

Feel good knowing your bank gives back

We’re a true alternative to the big 4, and as a customer-owned bank, we put our customers first. We’re proud to support those who make a difference in the community through the Bank First Community Fund. 

Learn more
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Rates & fees

  • Rates
    Interest tier is determined on the whole of balance
    Interest tier is determined on the whole of balance
    Interest rate (p.a.)
    $0 - $4,999
    Interest rate (p.a.)

    0.05%

    $5,000 and over
    Interest rate (p.a.)

    0.35%

  • Fees
    One-off fees
    One-off fees
    Amount
    Account keeping fees
    Amount

    $0

    Transaction fees1
    Amount

    $0

    Ongoing fees
    Ongoing fees
    Amount
    Annual fees
    Amount

    $0

Ready to apply

Applying for a Prechool Account 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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1300 654 822
Important Information
Schools and Preschools Interest Rates effective 1 December 2020.
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.