---
title: "Preschool Savings Account — Bank First"
description: "Transaction & Savings Accounts 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/084cf055-883f-4214-8d86-d99811bba357
source: "CDR Compare"
language: en-AU
last_updated: 2026-05-21T23:40:27.928877Z
---

# Preschool Savings Account — Bank First

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

**Transaction & Savings Accounts · Bank First Production**

Preschool Savings Account

## At a glance

- **Base rate:** 4.3%

## Apply

Applications are handled by the provider: [Apply at Bank First](https://cdn.intelligencebank.com/au/share/e3Gq6M/EXXpZ/k77eK/original/Preschool_Membership_app)

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Variable | 4.3% | Preschool Savings Account_Tier_2 | every 3 months |
| Variable | 0.05% | Preschool Savings Account_Tier_1 | every 3 months |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Coin Handling Fee — Handling of a coin deposit or withdrawal - $5 per every $100. | Event | $5.00 |
| Bank First Cheque Fee | Event | $5.00 |
| Inactive Membership Fee — Charged yearly | Ongoing | $30.00 |
| Direct Entry Return Fee | Event | $2.50 |
| Non- Individual Membership Establishment Fee — Applies when a Non-Individual membership is established | Upfront | $50.00 |
| Statement Request | Enquiry | $0.00 |
| Account Keeping Fees — Charged monthly | Ongoing | $0.00 |
| Bank First Corporate Cheque Stop Payment | Event | $15.00 |
| Direct Debit Dishonour Fee | Dishonour | $15.00 |
| Direct Debit Stop Request | Event | $9.00 |
| Overdrawn Account Fee — Applies when your Transaction / Savings Account is overdrawn or the balance exceeds the limit of any Overdraft attached to the account at close of business and charged again at seven day increments if the balance remains overdrawn / limit exceeded. | Event | $15.00 |

## Features

- **Other service related charges apply based on your circumstances**
- **Bill payment (BPAY)**
- **Bill payment (BPAY)** — Bpay
- **PayID**
- **Digital banking**

## Eligibility

- **Minimum 2 signatories**

## More information from Bank First

- [Overview](https://www.bankfirst.com.au/banking/preschool-accounts/savings)
- [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: `084cf055-883f-4214-8d86-d99811bba357`
- Last updated by the provider: 21 May 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/bank-first/084cf055-883f-4214-8d86-d99811bba357
- 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/084cf055-883f-4214-8d86-d99811bba357) — 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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