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.
The details
No transaction fees
So more funds can be attributed to these provisions.¹Easily access
Easily access and manage funds via Internet 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
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.
Schools and Preschools Interest Rates effective 15 November 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.