Bank First term deposits
Bank First has one term deposit that BankMate tracks, with 10 options: nine terms from 3 months to 5 years, interest paid at maturity or monthly.
Term deposit · 9 terms
Term Deposit
5.50%p.a. · 1 year
interest at maturity or monthly; from $500
7th of 401 12-month deposits
Rates by term and how interest is paid
- At maturity4.95%
- Monthly–
- Terms
- 3 months to 5 years
- Minimum deposit
- $500
- Maximum deposit
- $10,000,000
- To break it early
- 31 days' notice
- 3 months
- 4.95% · #37 of 164 3-month deposits
- 4 months
- 5.10% · #5 of 88 4-month deposits
- 6 months
- 5.30% · #10 of 180 6-month deposits
- 9 months
- 5.40% · #1 of 149 9-month deposits
- 1 year
- 5.50% · #7 of 401 12-month deposits
- 2 years
- 5.00% · #73 of 255 24-month deposits
- 3 years
- 5.00% · #48 of 221 36-month deposits
- 4 years
- 5.00% · #30 of 125 48-month deposits
- 5 years
- 5.00% · #31 of 124 60-month deposits
- Minimum deposit
- $500
- Maximum deposit
- $10,000,000
- Paid
- At maturity or Monthly
- Compounding
- daily
- Notice
- 31 days' notice
- Before maturity
- When the Term Deposit is invested for a term of up to two years we will require 31 days advance written notice. … Where the investment period at the time of withdrawal has been more than 2 years we will require 7 days advance written notice. 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 / Interest Rate Reduction: 0 - 19.99% 20%; 20 - 39.99% 40%; 40 - 59.99% 60%; 60 - 79.99% 80%; 80 - 100% 90%
- Read from
- Bank First's own site, 28 October 2026
September 20262 changes
- 18Fri
- 5 terms up 0.05 to 0.20+0.05 to +0.20
3-month, paid at maturity 4.90 4.95 +0.05 4-month, paid at maturity 5.05 5.10 +0.05 6-month, paid at maturity 5.25 5.30 +0.05 12-month, paid at maturity 5.30 5.50 +0.20 12-month, paid monthly 5.20 5.40 +0.20 24-month, paid at maturity 4.80 5.00 +0.20
- 1Tue
- 5 terms moved in both directions−0.35 to +0.20
3-month, paid at maturity 4.80 4.90 +0.10 4-month, paid at maturity 4.90 5.05 +0.15 6-month, paid at maturity 5.05 5.25 +0.20 9-month, paid at maturity 5.20 5.40 +0.20 24-month, paid at maturity 5.15 4.80 −0.35
July 20261 change
- 7Tue
- 12-month, paid monthly: 5.30 → 5.20−0.10
May 20261 change
- 2Sat
- 12-month, paid monthly: 5.20 → 5.3045 days after the RBA rise to 4.10%+0.10
Notes on Bank First term deposits
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As of 1 November 2026, Bank First has one term deposit product tracked by BankMate, over nine terms from 3 months to 5 years. Its highest rate is 5.50% p.a. on the Term Deposit for 1 year, 7th of 401 12-month deposits — a term deposit rate means nothing without its term, so each deposit is ranked only against others of the same term. Its rates last changed on 18 September 2026. From the provider's Consumer Data Right feed, refreshed nightly.