Bank First term deposit rates
- Joint #1 for 9-month
- Top 5 at 12 months
- Above the median at every term
- Led 9-month rates in September 2026
- Raised rates in September 2026
9 terms published on 10 Oct 2026, best 5.50% for 12 months, from Bank First’s own Consumer Data Right feed.
Bank First at a glance
Today’s rates9 terms · read 10 Oct 2026
| Term | Rate | Rank | vs median | vs best | Last change | This rate | Min. deposit | Product |
|---|---|---|---|---|---|---|---|---|
| 3mo | 4.95% | joint #23 of 68 | +0.40 | −0.30 | ▲ +0.05 18 Sep | in effect since 18 Sep 2026 | $500 | 90 Day Term Deposit |
| 4mo | 5.10% | joint #4 of 49 | +0.45 | −0.30 | ▲ +0.05 18 Sep | in effect since 18 Sep 2026 | $500 | 120 Day Term Deposit |
| 6mo | 5.30% | joint #4 of 73 | +0.30 | −0.15 | ▲ +0.05 18 Sep | in effect since 18 Sep 2026 | $500 | 180 Day Term Deposit |
| 9mo | 5.40%market best | joint #1 of 60 | +0.60 | best | — | same on every day read since 26 Aug 2026 | $500 | 270 Day Term Deposit |
| 1yr | 5.50% | joint #4 of 75 | +0.25 | −0.10 | ▲ +0.20 18 Sep | in effect since 18 Sep 2026 | $501 | 1 Year Term Deposit |
| 2yr | 5.00% | joint #17 of 67 | +0.30 | −0.55 | ▲ +0.20 18 Sep | in effect since 18 Sep 2026 | $500 | 2 Year Term Deposit |
| 37mo | 5.00% | #1 of 4 | +0.78 | best | ▲ +0.25 18 Sep | in effect since 18 Sep 2026 | $500 | 3 Year Term Deposit |
| 49mo | 5.00% | #1 of 2 | +0.88 | best | ▲ +0.30 18 Sep | in effect since 18 Sep 2026 | $500 | 4 Year Term Deposit |
| 61mo | 5.00% | #1 of 2 | +0.88 | best | ▲ +0.30 18 Sep | in effect since 18 Sep 2026 | $500 | 5 Year Term Deposit |
“Rank”, “vs median” and “vs best” compare Bank First with every bank that publishes the same term today. “This rate” is the first day our daily read showed the current rate — a rate that changed between two reads is dated to the first read that showed it.
What Bank First publishes about its products15 term deposit products · as published 10 Oct 2026
| Product | Interest paid | Min. deposit | Max. deposit | Fixed-rate terms | Links |
|---|---|---|---|---|---|
| 90 Day Term Deposit | at maturity | $500 | $9,999,999.99 | 1 | product page · terms · fees · eligibility |
| 5 Year Term Deposit | at maturity | $500 | $9,999,999 | 1 | product page · terms · fees · eligibility |
| 4 Year Term Deposit | at maturity | $500 | $9,999,999 | 1 | product page · terms · fees · eligibility |
| 3 Year Term Deposit | at maturity | $500 | $9,999,999 | 1 | product page · terms · fees · eligibility |
| 2 Year Term Deposit | at maturity | $500 | $9,999,999 | 1 | product page · terms · fees · eligibility |
| 180 Day Term Deposit | at maturity | $500 | $9,999,999.99 | 1 | product page · terms · fees · eligibility |
| 120 Day Term Deposit | at maturity | $500 | $9,999,999.99 | 1 | product page · terms · fees · eligibility |
| 1 Year Regular Income Term Deposit | every 14 days | $5,000 | $9,999,999.99 | 1 | product page · terms · fees · eligibility |
| 1 Year Term Deposit | at maturity | $500.01 | $9,999,999.99 | 1 | product page · terms · fees · eligibility |
| School 30-90 Day Flexible Term Deposit | at maturity | $5,000 | $9,999,999.99 | 1 | product page · terms · fees · eligibility |
| Preschool Long Service Leave 1 Year Term Deposit | at maturity | not stated | not stated | 1 | product page · terms · fees · eligibility |
| School 120-180 Day Flexible Term Deposit | at maturity | $5,000 | $9,999,999.99 | 1 | product page · terms · fees · eligibility |
| Preschool 30-90 Day Flexible Term Deposit | at maturity | $5,000 | $999,999 | 1 | product page · terms · fees · eligibility |
| Preschool 120-180 Day Flexible Term Deposit | at maturity | $5,000 | $999,999 | 1 | product page · terms · fees · eligibility |
| 270 Day Term Deposit | at maturity | $500 | $9,999,999.99 | 1 | product page · terms · fees · eligibility |
90 Day Term Deposit: eligibility, conditions and features
- Eligibility
- Available to members only
- Conditions
- opening balance 500.00; min balance 500.00
- Features
- other — Other service related charges apply based on your circumstances; digital banking — Balance Enquiry Only
- The bank’s description
- 90 DAYS TERM DEPOSIT
- Interest calculated
- daily
5 Year Term Deposit: eligibility, conditions and features
- Eligibility
- Available to members only
- Conditions
- opening balance 500.00; min balance 500.00
- Features
- other — Other service related charges apply based on your circumstances; digital banking — Balance Enquiry Only
- The bank’s description
- Term Deposit Account
- Interest calculated
- daily
4 Year Term Deposit: eligibility, conditions and features
- Eligibility
- Available to members only
- Conditions
- opening balance 500.00; min balance 500.00
- Features
- other — Other service related charges apply based on your circumstances; digital banking — Balance Enquiry Only
- The bank’s description
- Term Deposit Account
- Interest calculated
- daily
3 Year Term Deposit: eligibility, conditions and features
- Eligibility
- Available to members only
- Conditions
- opening balance 500.00; min balance 500.00
- Features
- other — Other service related charges apply based on your circumstances; digital banking — Balance Enquiry Only
- The bank’s description
- Term Deposit Account
- Interest calculated
- daily
2 Year Term Deposit: eligibility, conditions and features
- Eligibility
- Available to members only
- Conditions
- opening balance 500.00; min balance 500.00
- Features
- other — Other service related charges apply based on your circumstances; digital banking — Balance Enquiry Only
- The bank’s description
- Term Deposit Account
- Interest calculated
- daily
180 Day Term Deposit: eligibility, conditions and features
- Eligibility
- Available to members only
- Conditions
- opening balance 500.00; min balance 500.00
- Features
- other — Other service related charges apply based on your circumstances; digital banking — Balance Enquiry Only
- The bank’s description
- Term Deposit Account
- Interest calculated
- daily
120 Day Term Deposit: eligibility, conditions and features
- Eligibility
- Available to members only
- Conditions
- opening balance 500.00; min balance 500.00
- Features
- other — Other service related charges apply based on your circumstances; digital banking — Balance Enquiry Only
- The bank’s description
- Term Deposit Account
- Interest calculated
- daily
1 Year Regular Income Term Deposit: eligibility, conditions and features
- Eligibility
- Available to members only
- Conditions
- opening balance 5000.00; min balance 5000.00
- Features
- other — Other service related charges apply based on your circumstances; digital banking — Balance Enquiry Only
- The bank’s description
- Term Deposit Account
- Interest calculated
- daily
1 Year Term Deposit: eligibility, conditions and features
- Eligibility
- Available to members only
- Conditions
- opening balance 500.00; min balance 500.00
- Features
- other — Other service related charges apply based on your circumstances; digital banking — Balance Enquiry Only
- The bank’s description
- Term Deposit Account
- Interest calculated
- daily
School 30-90 Day Flexible Term Deposit: eligibility, conditions and features
- Eligibility
- Only available to school accounts that hold a membership
- Conditions
- opening balance 5000.00; min balance 5000.00
- Features
- other — Other service related charges apply based on your circumstances; digital banking — Balance Enquiry Only
- The bank’s description
- School Term Deposit
- Interest calculated
- daily
Preschool Long Service Leave 1 Year Term Deposit: eligibility, conditions and features
- Eligibility
- Only available to school accounts that hold a membership
- Features
- other — Other service related charges apply based on your circumstances; digital banking — Balance Enquiry Only
- The bank’s description
- School Term Deposit
- Interest calculated
- daily
School 120-180 Day Flexible Term Deposit: eligibility, conditions and features
- Eligibility
- Only available to school accounts that hold a membership
- Conditions
- opening balance 5000.00; min balance 5000.00
- Features
- other — Other service related charges apply based on your circumstances; digital banking — Balance Enquiry Only
- The bank’s description
- School Term Deposit
- Interest calculated
- daily
Preschool 30-90 Day Flexible Term Deposit: eligibility, conditions and features
- Eligibility
- Only available to school accounts that hold a membership
- Conditions
- opening balance 5000.00; min balance 5000.00
- Features
- other — Other service related charges apply based on your circumstances; digital banking — Balance Enquiry Only
- The bank’s description
- Preschool Term Deposit
- Interest calculated
- daily
Preschool 120-180 Day Flexible Term Deposit: eligibility, conditions and features
- Eligibility
- Only available to preschool accounts that hold a membership.
- Conditions
- opening balance 5000.00; min balance 5000.00
- Features
- other — Other service related charges apply based on your circumstances; digital banking — Balance Enquiry Only
- The bank’s description
- Preschool Term Deposit
- Interest calculated
- daily
270 Day Term Deposit: eligibility, conditions and features
- Eligibility
- Available to members only
- Conditions
- opening balance 500.00; min balance 500.00
- Features
- other — Other service related charges apply based on your circumstances; digital banking — Balance Enquiry Only
- The bank’s description
- Term Deposit Account
- Interest calculated
- daily
Every line is the bank’s own statement in its feed, read that day — nothing is inferred. Early-withdrawal terms appear under conditions or features when a bank states them.
Rate historyevery sweep day since 26 Aug 2026 · 46 days · 9 terms
3mo 4.95% today
26 Aug 202610 Oct 2026
4mo 5.10% today
26 Aug 202610 Oct 2026
6mo 5.30% today
26 Aug 202610 Oct 2026
9mo 5.40% today
26 Aug 202610 Oct 2026
1yr 5.50% today
26 Aug 202610 Oct 2026
2yr 5.00% today
26 Aug 202610 Oct 2026
All 9 terms — the other 3
37mo 5.00% today
26 Aug 202610 Oct 2026
49mo 5.00% today
26 Aug 202610 Oct 2026
61mo 5.00% today
26 Aug 202610 Oct 2026
Each line is the best retail rate Bank First published for that term on each day we read its feed. A break in the line is a day we read no rate for that term — the feed could not be read, or the bank did not publish that term that day — never a rate carried forward.
Where Bank First sitsagainst the 77 banks ranked today
1yr: 3 banks ahead
- Community First Bank 5.60%
- Dnister Bank 5.55%
- Heartland Bank 5.55%
6mo: 3 banks ahead
- Heartland Bank 5.45%
- RACQ Bank 5.45%
- Unity Bank 5.35%
Customer-owned banks52 banks · top 10 by best rate
| Bank | Best | Term | 6 m | 12 m | Market rank |
|---|---|---|---|---|---|
 Community First Bank | 5.60% | 1yr | 5.10% | 5.60% | #1 |
 Dnister Bank | 5.55% | 1yr | 5.30% | 5.55% | #2 |
| Unity Bank | 5.55% | 2yr | 5.35% | 5.50% | #2 |
 Bank Australia | 5.50% | 1yr | 5.30% | 5.50% | #5 |
| Bank First | 5.50% | 1yr | 5.30% | 5.50% | #5 |
 Qudos Bank | 5.50% | 1yr | 5.30% | 5.50% | #5 |
 Great Southern Bank | 5.45% | 1yr | 4.55% | 5.45% | #11 |
 People First Bank | 5.45% | 7mo | 5.00% | 5.20% | #11 |
 Police Credit Union | 5.45% | 11mo | 5.00% | 5.25% | #11 |
 QBANK | 5.45% | 1yr | 5.30% | 5.45% | #11 |
Timeline8 rate changes since 26 Aug 2026 · ▲8 ▼0 · 1 event
| Date | Term | From → to | Δ |
|---|---|---|---|
| 30 Sep 2026 | RBA | RBA cash rate 4.60% — up 0.25 pointsReserve Bank decision effective 2026-09-30: cash rate target 4.60%, a rise of 0.25 percentage points. | |
| 18 Sep 2026 | 49mo | 4.70 → 5.00 | ▲ +0.30 |
| 18 Sep 2026 | 61mo | 4.70 → 5.00 | ▲ +0.30 |
| 18 Sep 2026 | 37mo | 4.75 → 5.00 | ▲ +0.25 |
| 18 Sep 2026 | 1yr | 5.30 → 5.50 | ▲ +0.20 |
| 18 Sep 2026 | 2yr | 4.80 → 5.00 | ▲ +0.20 |
| 18 Sep 2026 | 3mo | 4.90 → 4.95 | ▲ +0.05 |
| 18 Sep 2026 | 4mo | 5.05 → 5.10 | ▲ +0.05 |
| 18 Sep 2026 | 6mo | 5.25 → 5.30 | ▲ +0.05 |
Questions about these rates
What is Bank First’s best term deposit rate today?
On 10 Oct 2026, the best retail term deposit rate Bank First publishes in its Consumer Data Right feed is 5.50% for 12 months (1 Year Term Deposit). That is joint #5 of the 77 Australian banks ranked by best rate today.
What is Bank First’s 12-month term deposit rate?
5.50% as read on 10 Oct 2026, 0.25 points above the market median of 5.25%, and joint #4 of the 75 banks publishing a 12-month rate. The market-best 12-month rate today is 5.60%.
What is the minimum deposit at Bank First?
The lowest minimum Bank First states in its feed is $500 (90 Day Term Deposit, 3-month). Check the product disclosure statement for balance tiers.
When did Bank First last change a term deposit rate?
The most recent change we read was on 18 Sep 2026: the 49-month rate moved from 4.70% to 5.00%. We have read 8 changes at Bank First since 26 Aug 2026.
Are deposits with Bank First guaranteed?
Bank First publishes its products under the Consumer Data Right as an Australian data holder. Under the Financial Claims Scheme, administered by APRA, protected Australian-dollar deposit accounts at an Australian-incorporated authorised deposit-taking institution (ADI) are covered up to $250,000 per account holder per ADI. Several brands can share one ADI licence, in which case the cap covers them together, so confirm which licence Bank First operates under before relying on the guarantee. Scheme facts checked against apra.gov.au (Financial Claims Scheme) on 15 Sep 2026 — the link is under “About Bank First” below; rates are as read on 10 Oct 2026.
About Bank First
- Type
- Customer-owned bank (mutual)
- Website
- www.bankfirst.com.au
- Consumer Data Right feed
- https://public.cdr.bankfirst.com.au
- Deposit guarantee
- Financial Claims Scheme, up to $250,000 per account holder per ADI — scheme details and covered institutions at APRA (checked 15 Sep 2026)
The rates on this page are the retail term deposit rates Bank First publishes in its own Consumer Data Right product feed, read once a day. Business, SMSF and staff-only products are left out. A product the bank publishes as “tailored” (pricing may be negotiated) is included only when the bank also states it is open to individuals, and is marked as tailored. A day on which we read no rate is a gap on this page — never an estimate.
Facts about the institution reviewed 15 Sep 2026. Rates read 10 Oct 2026.
Savings accountshighinterestsavingsaccounts.org
Bank First has no savings account on today’s board at highinterestsavingsaccounts.org, our sister site for at-call savings rates.
Please note: the savings figures on this page are estimates only and may not reflect the return you actually receive. Actual returns vary with tax, fees, the interest payment frequency and any change the bank makes to a rate before you open the account. Rates are the bank’s own published Consumer Data Right figures and may differ for particular balance tiers or online-only products. Always read the product disclosure statement, confirm the rate with the bank, and consider your own circumstances. Nothing here is financial advice or a recommendation. This site is published by Nutshell Media Pty Ltd, which is not affiliated with any bank, credit union or building society.