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BSB 704-191

Preschool Long Service 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.

Competitive interest rate
Interest rate ($500 and over)

The details

  • No transaction fees

    So more funds can be attributed to these provisions.¹
  • Option to reinvest

    Deposits made throughout the year will be invested to mature on the maturity date of 1 September each year. You can also choose to maximise your compound interest earnings by re-investing. Rollover investments will have a 1-year term.
  • Easy access

    Easily access and manage funds via Internet and Phone Banking.
  • 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.)

    $500 and over



  • One-off Fees



    Account keeping fees


    Transaction fees1


    Ongoing Fees



    Annual fee



Ready to Apply?

Applying for a Term Deposit for your preschool 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 4 July 2024.

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.