---
title: "School 120-180 Day Flexible 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/d85414a0-2d36-43f6-9c81-fac4c92c8b87
source: "CDR Compare"
language: en-AU
last_updated: 2026-05-31T21:31:48.520514Z
---

# School 120-180 Day Flexible 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:** 5.25% (180 days)

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Fixed · 180 days (Dependent on the term nominated determines when the interest will be applied) | 5.25% | School 120-180 Day Flexible Term Deposit_Tier; School 120-180 Day Flexible Term Deposit_Tier | 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**

## Constraints

- **Opening balance** — $5,000.00
- **Minimum balance** — $5,000.00

## More information from Bank First

- [Overview](https://www.bankfirst.com.au/bank-accounts/school-accounts/120-180-day-school-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: `d85414a0-2d36-43f6-9c81-fac4c92c8b87`
- Last updated by the provider: 31 May 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/bank-first/d85414a0-2d36-43f6-9c81-fac4c92c8b87
- 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/d85414a0-2d36-43f6-9c81-fac4c92c8b87) — 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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