Bank First Preschool Long Service Leave 1 Year Term Deposit
1 termFixed rate
School Term Deposit
5.50%
a year, up to, for 365 days
- Minimum deposit
- Not published
- Maximum deposit
- Not published
- Terms offered
- 1
Rates by term
| Term | Interest paid | Rate a year |
|---|---|---|
| 365 days | At maturity | 5.50% |
Deposit amount on every term: Any amount.
How it compares
Against the other 1 year term deposits we compare. Typical means the middle half of them.
1 year rate
5.50%
A typical 1 year rate is 5.25%.
Pros and cons
Pros
- A higher rate. 5.50% for 1 year, above the typical 5.25%, so your money earns more over the term.
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
- 5.50%
- Minimum deposit
- $500
- Rate a year
- 5.50%
- Minimum deposit
- $1,000
- Rate a year
- 5.50%
- Minimum deposit
- $1,000
