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Long Service and Sick Leave Provisions

Managing finances and staff entitlements for a preschool can be complex, but they don’t have to be. That’s why Bank First offers the Long Service and Sick Leave Provisions account.

Simplify the management of staff entitlements
4.30%p.a
$1 and over

The details

  • No transaction fees

    So more funds can be attributed to these provisions.¹
  • Easily access

    Easily access and manage funds via Internet and Phone Banking.
  • Earn higher rate of interest

    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.)

    $1 and over

    4.30%

     

  • One-off Fees

     

     

    Account keeping fees

    $0

    Transaction fees1

    $0

    Ongoing Fees

     

     

    Annual fee

    $0

     

Ready to Apply?

Applying for a preschool 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.

Important Information

Schools and Preschools Interest Rates effective 26 March 2024.

Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.
Each quarter, the balance of this Account is transferred into a Long Service and Sick Leave Term Deposit, earning a higher rate of interest to ensure funds are saved for staff entitlements.
1. Other fees and charges may apply.