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BSB 704-191
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Preschool Accounts

The education community is a crucial pillar of our society and that’s why we are invested in the financial well-being of educators and preschools.

We're here to help

Discover our range of accounts and term deposits

We offer tailored banking solutions for day-to-day financial management and investments so that you know your preschool’s money is working for you. Our security is paramount so that your institution can know exactly who has access to your funds and why.

Everyday preschool finances made simple
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Day to Day Account

A Day to Day account allows only signatories and authorised staff to access account information providing the ability to meet day-to-day banking needs with security and peace of mind.
0.05%p.a
$1 and over
  • No transaction fees
  • Access your account with Cheque Book, Internet and Phone Banking, to suit your preschool’s needs
  • Ability to transfer funds to other accounts
Control and security for withdrawals and everyday cash
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Petty Cash Account

You get access to small amounts of cash for everyday purchases, with daily withdrawal limits for security. It’s the best of both worlds.
0.05%p.a
$1 and over
  • Enjoy added security with daily withdrawal limits of $50 or $100
  • Use either ATM or EFTPOS to make petty cash purchases
  • No transaction fees, so more of your money can be used to benefit your preschool
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Easily manage day-to-day finances
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Preschool Savings Account

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.
0.05%p.a
Interest rate ($0 - $4,999)
4.30%p.a
Interest rate ($5,000 and over)
  • Freedom to access funds anytime
  • No transaction fees
  • Be rewarded with a higher interest rate with a balance of $5,000 and over
An interest rate helps your preschool save
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Fundraising Account

With a competitive interest rate, the Preschool Fundraising Account allows you to budget for fundraising activities.
4.15%p.a
$1 and over
  • No transaction fees
  • Manage funds via Internet and Phone Banking
  • Make deposits into the account using Bank@Post Barcode Banking
Manage finances and staff entitlements
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Long Service and Sick Leave Provisions

By keeping these funds separate it will be simpler to reconcile and manage the books. There’s no chance of your money getting mixed up in different accounts.
4.30%p.a
$1 and over
  • No transaction fees
  • Manage funds via Internet and Phone Banking
  • Each quarter, the balance of the Account is transferred into a Term Deposit
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Competitive interest rate
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Long Service Leave 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.
4.85%p.a
Interest rate ($500 and over)
  • No transaction fees
  • Quarterly balance transfers from the provision account, earning a higher rate of interest
  • Easily manage funds via Internet and Phone Banking
Your preschool's money is working for you
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30-90 Days Preschool Term Deposit

Get peace of mind that your preschool's money is actually working for you, and that you can take one step forward to achieving your goals.
4.70%p.a
Interest rate ($5,000 and over)
  • Secure fixed rate of return
  • Only signatories and authorised staff are able to access information
  • Review your Term Deposit balance using Internet and Phone Banking
Secure rates of return
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120-180 Days Preschool Term Deposit

Upon the completion of the term, you can transfer your interest earnings to any nominated account to provide a continuous source of cash flow.
4.85%p.a
Interest rate ($5,000 and over)
  • Secure a fixed rate of return
  • Only signatories and authorised staff are able to access information
  • Review your Term Deposit balance using Internet and Phone Banking
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We are a bank that comes to you

Our friendly Community Engagement Partners make on-site visits to schools and education organisations and can be found at conferences we sponsor and numerous events.

When out and about in the community, our experienced Community Engagement Partners can cover:

  • Relevant and ethical advice staff might need to improve their financial wellbeing.

  • Free general financial health checks and home loan health checks.

  • Organise a qualified Financial Planner to provide free in-depth sessions at your workplace on superannuation, salary packaging and retirement planning.

  • Attend your Professional Development sessions and present on topics such as money management, superannuation and retirement.

  • Be your voice if you need anything followed-up and will share your ideas with the business.

  • Updates from Bank First that benefit the community. 

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 help

Our Community Engagement Partners are here to talk with you about your preschool’s unique circumstances and recommend what’s best for your needs.


Important Information

Schools and Preschools Interest Rates effective 10 May 2024.