page top

Schools

Attention: open in a new window. Print

 

School Products

30-90 Days School Term Deposit

Increase your school'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 Relationship Officer Call +855 97 542 5306

120-180 Days School Term Deposit

Increase your school'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 Relationship Officer Call +855 97 542 5306

 

Managing finances

We exist to benefit the education community and are invested in the financial wellbeing of educators, students and schools. We offer tailored banking solutions, with the customer service to support your needs.

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

Manage your day-to-day expenses easily

Our accounts make looking after the finances of your school simple. Our Everyday Accounts all you to manage your bills and transfers whenever you need to with Internet Banking.

Grow your profits

If you need help managing your school’s library or building funds, or even fundraising activities, we can help you choose accounts and investments that will assist in increasing your interest earnings. Our Term Deposits grant you a higher interest rate on funds that you do not need to access daily, along with flexible terms to effectively manage your cash flow.

Keep your finances secure

We understand that you want to protect the finances you have been entrusted with. All of our school accounts grant you easy access to your funds, but incorporate security measures to make sure that those funds are safe. Our school accounts all 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 school’s finances. Our dedicated Relationship Officers spend the year travelling between Victorian schools, providing on-site support for schools and their staff. Contact your local Relationship Officer today to arrange a meeting.

With our commitment to the education community, we have the resources and support you need to manage your school’s finances. Arrange for a visit from one of our experienced Relationship Officers today or call us on +855 97 542 5306.

 

Featured Products

30-90 Days School Term Deposit

Increase your school'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 Relationship Officer Call +855 97 542 5306

120-180 Days School Term Deposit

Increase your school'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 Relationship Officer Call +855 97 542 5306

 

Maximising 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 our Relationship Officers on +855 97 542 5306.

 

Featured Products

30-90 Days School Term Deposit

Increase your school'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 Relationship Officer Call +855 97 542 5306

120-180 Days School Term Deposit

Increase your school'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 Relationship Officer Call +855 97 542 5306

 

School banking case study

We believe that all schools can benefit from increased interest earnings on savings, or funds that are not required in their daily operating account.

Below is a school case study, outlining how a school makes the most of their finances and effectively manages cash flow.

Kelly, the Business Manager at XYZ Primary School, is keen to increase interest earnings to invest further in the school’s facilities. Her school often has a balance slightly above what is required in the operating account, as well as funds sitting in their High Yield account. There are a number of upcoming projects that will require payment, however timelines are not specific.

To make the most of her school’s funds and to manage cash flow needs, Kelly decides to:

  • Contact her school’s Relationship Officer who arranges a visit to the school and assists to open the school account and update signatories, in line with the schools requirements.
  • Start a term deposit. By shifting funds into a term deposit, Kelly is able to take advantage of a higher interest rate. As Kelly cannot be sure when she will need to access the funds, the term deposit is set at 30 days. This way Kelly can take advantage of a higher interest rate for her school, whilst also allowing access to the funds on a regular basis should it be required.
  • Get view-only access to Internet Banking. Kelly can now check on her school’s investment anytime in order to reconcile the schools accounts.

As the school’s needs change, Kelly has the ongoing support of her Relationship Officer to assist with managing the schools investments. Even as signatories change, the updating process is managed easily over the phone and by completing forms provided.

 

Featured Products

30-90 Days School Term Deposit

Increase your school'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 Relationship Officer Call +855 97 542 5306

120-180 Days School Term Deposit

Increase your school'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 Relationship Officer Call +855 97 542 5306

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.