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BSB 704-191
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School 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, students and schools.

We're here to help
Make the most out of your school’s finances
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Everyday School Account

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.
0.05%p.a
Interest rate ($0 - $4,999)
2.40%p.a
Interest rate ($5,000 and over)
  • No transaction fees, so more of your money can be invested into your school and your students’ education
  • No minimum balance necessary
  • Be rewarded with a higher interest rate with a balance of $5,000 and over
Competitive returns for your school
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30-90 Days School Term Deposit

Our 30-90 Day School Term Deposit features a competitive rate, flexible terms and the support of an ongoing dedicated Relationship Officer.
4.70%p.a
Interest rate ($5,000 and over)
  • Highly competitive rate
  • Secure a fixed rate of return, so you know exactly what interest you will earn on your investment
  • Get started with a minimum $5,000 opening deposit
Make the most of your investment
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120-180 Days School Term Deposit

It’s important to know that your school’s money isn’t being wasted. That’s why our 120-180 Day School Term Deposit features a competitive rate, flexible terms.
4.85%p.a
Interest rate ($5,000 and over)
  • Interest is calculated daily and applied at the completion of your investment
  • Review your Term Deposit balance using Internet and Phone Banking
  • Get a highly competitive interest rate
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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.

Contact your dedicated Community Engagement Partners

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

Important Information

Schools and Preschools Interest Rates effective 10 May 2024.

Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.