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Bank First · Term deposit · 1 term

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2 Year Term Deposit

The Bank First 2 Year Term Deposit pays up to 5.00% p.a. as of 18 September 2026, over a 24-month term, 65th of 394 24-month deposits tracked by BankMate. Interest is paid at maturity, from a $500 deposit. Its rates last changed on 18 September 2026.

5.00%p.a. · 2 years

interest at maturity; from $500

Early withdrawal is not allowed.

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Rates over time

Best rate per term
  • 2 years
  • RBA cash rate
  • Market average · 12-month deposits
4.004.505.00MayJunJulAugToday5.00

Changes

2 changes since 9 Apr 2026
  1. 2 Year Term Deposit · 24-month 4.80 → 5.00
    +0.20
  2. 2 Year Term Deposit · 24-month 5.15 → 4.80
    −0.35

Rates by term

Ranked within each term
2 years
5.00% · #65 of 394 24-month deposits

Deposit

Minimum deposit
$500
Maximum deposit
$9,999,999

Interest

Paid
At maturity
Compounding
monthly

Early withdrawal

Before maturity
Not allowed

Compare all term deposits