Bank First Term Deposit
![Bank First Term Deposit](https://www.finder.com.au/global/images/providers/bank-first-logo1-140px.png)
- Interest rate 6 months interest rate
- Up to 4.85% p.a.
- Minimum opening deposit
- $500
- Account keeping fee
- $0
- Maximum deposit
- $19,999
Summary
With a minimum deposit of $500 and terms ranging from three months to five years, Bank First Term Deposits can help you save for the future.
Term deposits pay fixed interest to provide consistent, guaranteed returns on the money you invest. This allows you to efficiently grow your savings balance, safe in the knowledge of exactly how much your deposit will be worth when the term comes to an end. Bank First provides term deposit accounts featuring terms ranging from three months to five years. A minimum deposit of $500 is required.
Pros
-
Low minimum investment of $500
-
$0 Account keeping fees
-
Wide ranges of terms from from 1 month to 5 years
Cons
-
A reduced interest rate will apply if you withdraw a portion or all of your investment before maturity
Details
Key details
Product Name | Bank First Term Deposit |
3 month interest rate | 4.70% |
4 month interest rate | 4.70% |
6 month interest rate | 4.85% |
9 month interest rate | 4.75% |
12 month interest rate | 4.75% |
24 month interest rate | 4.00% |
36 month interest rate | 4.00% |
48 month interest rate | 4.00% |
60 month interest rate | 4.00% |
Minimum Opening Deposit | $500 |
Minimum age requirement | 18 |
Government guarantee | Yes |
Eligibility
Minimum Age Requirement | 18 |
Joint account availability | No |
Min Deposit | $500 |
Available to children | Not available for children |
Your reviews
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Editor
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