---
title: "Preschool Long Service Leave 1 Year Term Deposit — Bank First"
description: "Term Deposits from Bank First. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/bank-first/products/01b75f79-4873-4db3-9773-d79095a3426d
source: "CDR Compare"
language: en-AU
last_updated: 2026-07-05T23:40:17.503165Z
---

# Preschool Long Service Leave 1 Year Term Deposit — Bank First

> Term Deposits from Bank First. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Term Deposits · Bank First Production**

School Term Deposit

## At a glance

- **Fixed rate:** 5.3% (365 days)

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Fixed · 365 days (The maturity date is 1 September each year therefore the maximum term available is 1 year. Deposits made throughout the year will be invested to mature on the maturity date and therefore the term will be dependent upon the day the deposit is made. Rollover investments will be for a 1 year term.) | 5.3% | — | at maturity |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Term Deposit Early Withdrawal Interest Rate Reduction — For early withdrawals of a part or full amount of a Term Deposit the interest accrued or paid to that date will reduce as follows: Percentage of Term Remaining 0-19.99% interest reduction = 20%,Term Remaining  20-39.99% interest reduction = 40%,Term Remaining  40-59.99% interest reduction = 60%,Term Remaining 60-79.99% interest reduction = 80%, Term Remaining 80-100% interest reduction = 90%. | Withdrawal | From $0.00 |

## Features

- **Other service related charges apply based on your circumstances**
- **Digital banking** (Balance Enquiry Only)

## Eligibility

- **Only available to school accounts that hold a membership**

## More information from Bank First

- [Overview](https://www.bankfirst.com.au/bank-accounts/preschool-accounts/save/long-service-and-sick-leave-term-deposit)
- [Terms & conditions](https://www.bankfirst.com.au/disclosure-documents)
- [Eligibility](https://www.bankfirst.com.au/-/media/bankfirst/pdfs/termsandconditions/tc_part_a.pdf?la=en&hash=1BD3E51F84EC9362648BB08285FA0082715FEDB6)
- [Fees & pricing](https://www.bankfirst.com.au/-/media/bankfirst/pdfs/termsandconditions/tc_part_c_schools.pdf?la=en&hash=75BFC555771ABBE857948B9FC65F5AA3BC01E0FE)

## Data provenance

- Published by Bank First under the Consumer Data Right
- Product ID: `01b75f79-4873-4db3-9773-d79095a3426d`
- Last updated by the provider: 5 July 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/bank-first/01b75f79-4873-4db3-9773-d79095a3426d
- Provider page: https://www.cdrcompare.au/brands/bank-first
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000112

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/bank-first/products/01b75f79-4873-4db3-9773-d79095a3426d) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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