Bank First 1 Year Regular Income Term Deposit
1 termFixed rate
A term deposit from Bank First, paying up to 5.40% a year, with 1 term to choose from.
- Minimum deposit
- $5,000
- Maximum deposit
- Not published
- Terms offered
- 1
Rate a year, up to
For 365 days
Rates by term
| Term | Interest paid | Rate a year |
|---|---|---|
| 365 days | Monthly | 5.40% |
Deposit amount on every term: $5,000 to $10,000,000.
How it compares
Against the other 1 year term deposits we compare. Typical means the middle half of them.
1 year rate
5.40%
A typical 1 year rate is 5.25%.
Minimum deposit
$5,000
A typical minimum is $2,000.
Pros and cons
Pros
- A higher rate. 5.40% for 1 year, above the typical 5.25%, so your money earns more over the term.
- Monthly interest. You can have interest paid each month, which suits living off the interest.
Cons
- Your money is locked in. Taking it out early usually needs 31 days' notice and earns less interest.
Similar term deposits
Term deposits from other banks that pay a similar rate for the same term.
- Rate a year
- 5.40%
- Minimum deposit
- $5,000
- Rate a year
- 5.40%
- Minimum deposit
- $1,000
- Rate a year
- 5.40%
- Minimum deposit
- $1,000
