8.9 / 10

based on 408 reviews as rated by Mozo community

Bank First term deposits

Formerly Victoria Teachers Mutual Bank, Bank First is an award winning financial institution with a competitive range of banking products including personal loans, home loans, term deposits and savings accounts. Founded by Australian educators in 1972, Bank First offers all Australians outstanding value but doesn't compromise on service or quality. Best of all, Bank First customers become equal shareholders which means all the benefits are directly returned to you.

Bank First offers the following term deposits

Rates and fees verified as correct at 29 November, 2020. Other information correct at the time of writing. Advertiser disclosure.

Product Best rate (up to 1 year) Minimum deposit Interest paid to another bank?
Interest First Term Deposit

0.80% p.a.5 months

$500.00

no

Term Deposit

0.80% p.a.1 year

$500.00

yes

Different interest rates apply to different amounts or different interest payment frequencies.

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How are Bank First term deposits rated?

Mozo users have rated Bank First term deposits on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of term-deposits
Bank First term deposits
Overall
8.5/10
Price
Features
Customer service
Convenience
Trust

11 Reviews

Recent Bank First term deposit reviews

Bank First Term Deposit review
Overall 3/10
Impersonal

Not interested in customers.....only profit

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Not interested in customers.....only profit

Price
2/10
Features
1/10
Customer service
1/10
Convenience
9/10
Trust
4/10
Less
Brian, Victoria reviewed almost 6 years ago
Bank First Term Deposit review
Overall 9/10
Excellent customer service

Victoria Mutual bank provides an excellent service with direct contact. A very satisfying service. I have found them to be very approachable and provide interest rates above their advertised rates. Thank you Victoria MutualBank. PS: their front desk man is outstanding.

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Victoria Mutual bank provides an excellent service with direct contact. A very satisfying service. I have found them to be very approachable and provide interest rates above their advertised rates. Thank you Victoria MutualBank. PS: their front desk man is outstanding.

Price
9/10
Features
9/10
Customer service
9/10
Convenience
9/10
Trust
10/10
Less
Mozo community reviewer, New South Wales reviewed over 7 years ago
Bank First Term Deposit review
Overall 10/10

We have been with them for over 30 years and they have not missd a beat. My sons are members, my in-laws were members, my parents were with them. I would not choose anything else. And it is FEE FREE banking! What more could you have! We live in NSW and we have no problems with communications or money withdrawals. Even living overseas for 10 years was easy banking with them....ANother bonus for internet banking and convenience and of course always the most friendly of telephone services and help if required. The VTCU has looked after us for 3 decades and we sincerely hope they will stride for another 3 decades or more.

Read full review

We have been with them for over 30 years and they have not missd a beat. My sons are members, my in-laws were members, my parents were with them. I would not choose anything else. And it is FEE FREE banking! What more could you have! We live in NSW and we have no problems with communications or money withdrawals. Even living overseas for 10 years was easy banking with them....ANother bonus for internet banking and convenience and of course always the most friendly of telephone services and help if required. The VTCU has looked after us for 3 decades and we sincerely hope they will stride for another 3 decades or more.

Price
10/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Gigi, New South Wales reviewed about 9 years ago
Bank First Term Deposit review
Overall 9/10

The VTCU provides everything you need in a banking institution..really friendly helpful customer service, low fee banking, accessibility to funds and access to great rate term deposits...

Read full review

The VTCU provides everything you need in a banking institution..really friendly helpful customer service, low fee banking, accessibility to funds and access to great rate term deposits...

Price
6/10
Features
6/10
Customer service
8/10
Convenience
7/10
Trust
9/10
Less
Kerrie, Victoria reviewed about 9 years ago

Term deposit quick links