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0.05 % p.a.

Interest rate
($0 - $4,999)

0.45 % p.a.

Interest rate
($5,000 and over)

0.05 % p.a.

Interest rate
($0 - $4,999)

0.45 % p.a.

Interest rate
($5,000 and over)

An everyday account to make the most out of your school’s finances

The Everyday School Account is an efficient account for your school’s day-to-day banking. Easily access and manage your funds and benefit from a competitive interest rate and flexible terms. Enjoy added security with only signatories and authorised staff able to access account information.

Our dedicated Relationship Officers regularly visit Victorian schools and can help you set up your School Account and manage your school’s finances. Get in touch today.

The details:

  • Access your school’s finances anytime with this convenient Everyday School Account.

  • No transaction fees, so more of your money can be invested into your school and your students’ education.1

  • Take the hassle out of paying bills by using BPAY.

  • No minimum balance necessary - but get rewarded with a higher interest rate when your school maintains a balance of $5,000 and over.

  • Access your account with Cheque Book, Internet and Phone Banking, to suit your school’s needs.

  • Easily transfer funds to other accounts and institutions.

  • Interest calculated daily and applied quarterly.

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. 

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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.)

    0.45%

  • 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

We’re here to help

Applying for a School 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 and recommend what’s best for your needs.

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Need help?

Speak with your local Relationship officer

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1300 654 822
Important Information
Schools and Preschools Interest Rates effective 23 September 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.