BSB 704-191

Term Deposit Maturity Instructions

Term Deposit rollover options

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Reinvest Principal & Interest

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Reinvest specific amount

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Redeem Interest Only

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Do not reinvest

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Other options

View interest rates
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ReinvestPrincipal and Interest

This option allows you to reinvest your full Term Deposit balance including both the original principal and any interest earned.

If you wish to reinvest the Principal and Interest for the same term you do not need to do anything. Your Term Deposit will automatically reinvest for the same term at the prevailing interest rate on the date of maturity and may be higher or lower than the rate you received for your current investment.

Interest rates
Important Information

Deposits are protected by the Australian Government’s Financial Claims Scheme (FCS), which guarantees up to $250,000 per account.

Interest Rates effective 22 May 2026.

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

  1. Subject to our Terms and Conditions, a Term Deposit interest rate reduction applies on early withdrawals, with interest paid at the reduced rate from the date of deposit to the day prior to withdrawal. Where the withdrawal reduces the 'Fixed Term Deposit' balance to an amount that attracts a lesser rate, that lesser rate shall apply for the remainder of the term. Part withdrawals are not permitted on the Interest First Term Deposit product.

  2. These rates are for retail customers only and limits may apply.

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Reinvestspecific amount

This option allows you to reinvest only part of your Term Deposit balance.

For example, if your Term Deposit has a principal amount of $200,000, you may choose to reinvest $150,000 into a new Term Deposit of your selected term. The remaining funds will be transferred to your nominated account.

Alternatively, you can choose to reinvest the full balance and add additional funds from another Bank First account (such as your Everyday or Online Saver Account). Simply provide the 9-digit account number for the account the funds will be transferred from or deposited into.

You can find your 9-digit account number on your accounts screen in Internet Banking or Bank First App.

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RedeemInterest Only

This option allows you to withdraw only the interest earned during the term, while reinvesting the original principal into a new Term Deposit.

For example, if you have invested $100,000 and earned $2,000 interest you can choose to have the $2,000 transferred to your nominated account while the $100,00 principal will be deposited to be renewed.

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Do notreinvest

This option allows you to withdraw the full maturity amount, including both Principal and Interest.

The total balance will be transferred to your nominated account. Simply provide the 9-digit account number where you would like the funds deposited.

You can find your 9-digit account number on your accounts screen in Internet Banking or Bank First App.

Get started
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Other options

Need more help?

If you have any questions about your term deposit maturity options or need assistance, please contact us for support.

Contact us
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Term DepositInterest Rates

Important Information

Deposits are protected by the Australian Government’s Financial Claims Scheme (FCS), which guarantees up to $250,000 per account.

Interest Rates effective 22 May 2026.

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

  1. Subject to our Terms and Conditions, a Term Deposit interest rate reduction applies on early withdrawals, with interest paid at the reduced rate from the date of deposit to the day prior to withdrawal. Where the withdrawal reduces the 'Fixed Term Deposit' balance to an amount that attracts a lesser rate, that lesser rate shall apply for the remainder of the term. Part withdrawals are not permitted on the Interest First Term Deposit product.

  2. These rates are for retail customers only and limits may apply.