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Preschools

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Preschool Product Range

Preschool Savings

Make the most of your preschool's savings with high interest and easy access.

Find out more

 0.05% pa
interest rate ($1 - $4,999)

 1.90% pa
interest rate ($5,000 and over)

Call +855 97 542 5306 Web Chat

Long Service & Sick Leave Provisions

Manage your preschool's staff leave entitlements with ease.

Find out more

 1.90% pa
interest rate ($1 and over)

Call +855 97 542 5306 Web Chat

30-90 Days Preschool Term Deposit

Increase your preschool's earning potential. Invest surplus funds for a fixed term and secure a competitive rate of return.

Find out more

Rates starting from
 2.65% pa

Call +855 97 542 5306 Web Chat

120-180 Days Preschool Term Deposit

Increase your preschool's earning potential. Invest surplus funds for a fixed term and secure a competitive rate of return.

Find out more

Rates starting from
 2.80% pa

Call +855 97 542 5306 Web Chat

Long Service & Sick Leave Term Deposit

Increase your preschool's earning potential. Invest surplus funds for a fixed term and secure a competitive rate of return.

Find out more

Rates starting from
 2.90% pa

Call +855 97 542 5306 Web Chat

 

Managing finances

We exist to benefit the entire teaching community, including schools and preschools. We have the banking solutions for all of your preschool's finances, with the customer service to back it up.

Your preschool can easily apply and take advantage of the following benefits:

Manage your day-to-day expenses easily

We understand that each preschool has varied day-to-day expenses. Our accounts make looking after the finances of your preschool simple. With our everyday accounts, you can manage your bills easily with the convenience of BPAY and transfer funds to third parties whenever you need to with Internet Banking. We even have accounts to help you manage your petty cash and make small purchases when you need to.

Grow your profits

Choose accounts and investments that will help you to increase your preschool's profits. Our Preschool Savings Account grants you a higher interest rate on funds that you do not need in your day-to-day account, whilst letting you access your funds easily. Or you could choose to take advantage of our generous Term Deposits. If you need help managing your Preschool's Long Service and Sick Leave Provisions, we also have the perfect account for that.

Keep your finances secure

We understand that you want to protect the finances you have been entrusted with. All of our preschool accounts grant you easy access to your funds, but incorporate security measures to make sure that those funds are safe. Our preschool accounts offer a Secure Access option, meaning that only signatories and authorised staff members such as your Bursar or Business Manager can access account information and check your balance using Phone or Internet Banking.

Get support when you need it

As part of our mission to serve the education community, we are fully committed to providing the ongoing support you need to maintain your preschool's finances.

We have the resources you need to manage your preschool's finances. Speak to one of our Relationship Officers about your preschool's needs on +855 97 542 5306.

 

Featured Products

Preschool Savings

Make the most of your preschool's savings with high interest and easy access.

Find out more

 0.05% pa
interest rate ($1 - $4,999)

 1.90% pa
interest rate ($5,000 and over)

Call +855 97 542 5306 Web Chat

30-90 Days Preschool Term Deposit

Increase your preschool's earning potential. Invest surplus funds for a fixed term and secure a competitive rate of return.

Find out more

Rates starting from
 2.65% pa

Call +855 97 542 5306 Web Chat

 

Increasing your income

Would you like to increase your school's income?

A term deposit is a safe and effective means of increasing your savings. Entrust your savings to us for a fixed term with a fixed rate of interest, and at the end of that time your school or preschool can enjoy an improved bank balance.

If you decide to invest in one of our flexible term deposits, you will be able to:

Choose between a short or long term

A term deposit can be either a short or long term commitment, depending how long you choose to invest your funds. With our fixed term deposits for schools, you have the flexibility of choosing a short-term loan, between 30 and 90 days, or a longer period between 120-180 days. Would you like a longer term? Just ask us.

Benefit from a high interest rate

One of the benefits of a fixed term deposit is that ability to capitalise on high interest rates. Lock in a good interest rate, and it will not vary for the length of the nominated term, so you can budget according to your interest earnings. Rather than leaving spare funds sitting in your school's everyday transaction account, arrange a short term with a higher interest rate and get a guaranteed return on your investment. With a fixed rate of return, it is a simple way to grow your school's funds.

Keep your funds safe

All of our school and preschool accounts and term deposits offer you secure access. This means that only your nominated signatories and authorised staff - such as a bursar or business manager - will be able to access and check on your funds. With this added security, you can rest easy knowing that your funds will be safe and well managed for the life of the term deposit.

We are committed to helping the education community manage your finances. To talk about increasing your schools interest earnings, call on of our Relationship Officers on +855 97 542 5306.

 

Featured Products

30-90 Days Preschool Term Deposit

Increase your preschool's earning potential. Invest surplus funds for a fixed term and secure a competitive rate of return.

Find out more

Rates starting from
 2.65% pa

Call +855 97 542 5306 Web Chat

Long Service & Sick Leave Provisions

Manage your preschool's staff leave entitlements with ease.

Find out more

 1.90% pa
interest rate ($1 and over)

Call +855 97 542 5306 Web Chat

 

Preschool banking case study

We are committed to providing preschools with a comprehensive banking package, to manage their finances. We understand some of the challenges preschools face, including annual changes to preschool committees making it difficult to keep track of funds allocated for particular purposes.

Below is a preschool case study, outlining how a preschool can effectively manage their finances at low cost, whilst increasing interest earnings to invest in student education.

We are committed to providing preschools with a comprehensive banking package, to manage their finances. We understand some of the challenges preschools face, including annual changes to preschool committees making it difficult to keep track of funds allocated for particular purposes. Below is a preschool case study, outlining how a preschool can effectively manage their finances at low cost, whilst increasing interest earnings to invest in student education.

ABC Preschool has the following accounts in place to manage funds effectively and provide clarity to committees:

  • The Day to Day Account is used as the main operating account. This account requires two signatories to transact, ensuring funds are secure. Parent contributions are either paid directly to the account or deposited at the local Commonwealth Bank branch. Bills are paid via Internet Banking and there is a Cheque Book attached, to pay suppliers when required.
  • The Petty Cash Account has an ATM card linked and is used by the nominated preschool teacher to make small purchases such as craft supplies. This way, teachers have the ability to easily manage their daily routine and there is no need to keep cash on the premises. Plus, for added security, all transactions from this account can be viewed via Internet Banking.
  • The Long Service and Sick Leave Provision Account is used to allocate funds specifically for staff leave requirements. This is ideal as committees change, so that there is no confusion and funds are not spent in other areas. ABC Preschool has set up an automatic monthly payment into this account to ensure they have savings available, when required. At the end of each quarter, the balance of the account is swept into a Term Deposit - resulting in a higher interest rate and increased earnings for these savings.

As needs change ABC Preschool have the ongoing support of our Relationship Officers, given our understanding of the special needs and requirements of preschools.

 

Featured Products

Preschool Savings

Make the most of your preschool's savings with high interest and easy access.

Find out more

 0.05% pa
interest rate ($1 - $4,999)

 1.90% pa
interest rate ($5,000 and over)

Call +855 97 542 5306 Web Chat

30-90 Days Preschool Term Deposit

Increase your preschool's earning potential. Invest surplus funds for a fixed term and secure a competitive rate of return.

Find out more

Rates starting from
 2.65% pa

Call +855 97 542 5306 Web Chat

Important Information
Schools and Preschools Interest Rates effective 1 December 2015. Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.