Simplify your preschool’s financial obligations.
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.
By keeping these funds separate it will be simpler to reconcile and manage the books. And when staff changes happen? There’s no chance of your money getting mixed up in different accounts.
- No transaction fees so more funds can be attributed to these provisions.
- 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
Long Service and Sick Leave Provisions Interest Rates Rate $1 and over 1.45% p.a.
Ready to Apply
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 the best account for your needs.
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Terms and Conditions
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.