Changes to Savings, Term Deposits and Secured Overdraft rates and fees

We’ve made changes to some of our Savings, Term Deposits and secured Overdrafts. We’ve also made changes to some fees. 

  

Changes effective Thursday, 21 August 2025

Retirement Plus account

Balances $0-$9,999 – no change

Balances $10,000-$99,999 – interest rate decreasing by 0.25% p.a.

Balances $100,000+ – interest rate decreasing by 0.25% p.a.

Please note this product will be retiring on 1 September 2025. 

Wildlife Saver

Balances $0-$10,000 – interest rate decreasing by 0.25% p.a. 

Balances over $10,000 – no change

Christmas Saver

Balances $0-$100,000 – interest rate decreasing by 0.25% p.a.

Balances over $100,000 – no change

Please note this product will be retiring on 1 September 2025. 

FirstBiz Online Savings

Balance under $50,000 – interest rate reducing by 0.25% p.a.

Balances $50,000-$99,999 – interest rate reducing by 0.25% p.a.

$500,000 and over – interest rate reducing by 0.25% p.a.

Term Deposits

Balances $5,000-$49,999 & balances $50,000-$99,999

• Interest rates for 3 month terms – decreasing by 0.25% p.a.
• Interest rates for 6 month terms – decreasing by 0.25% p.a.
• Interest rates for 12 month terms – decreasing by 0.25% p.a.
• Interest rates for 2 year terms have decreased by 0.25% p.a.
• Interest rates for 3 year terms have decreased by 0.25% p.a.

Balances $100,000-$249,999 & balances $250,000-$1,000,000

• Interest rates for 3 month terms – decreasing by 0.25% p.a.
• Interest rates for 6 month terms – decreasing by 0.25% p.a.
• Interest rates for 12 month terms – decreasing by 0.25% p.a.
• Interest rates for 2 year terms have decreased by 0.25% p.a.
• Interest rates for 3 year terms have decreased by 0.25% p.a.

Please note Community First will now only be offering the above exact term options. 

View our current Term Deposit interest rates here.

Changes effective Monday, 1 September 2025

Bonus Saver

The Bonus interest rate on the Bonus Saver will decrease by 0.25% p.a. 

Visit our retired products page to view current interest rates. 

Bonus interest applies when you make at least one deposit of $20, maintain a credit balance and make no withdrawals or transfers in the month. 

Please note this product will be retiring on 1 September 2025. 

Secured overdrafts

Mortgage secured Overdraft – interest rate reducing by 0.25% p.a.

Business Overdraft (residential security) – interest rate reducing by 0.25% p.a.

Business Overdraft (commercial security) – interest rate reducing by 0.25% p.a.

Direct Debit Dishonour Fee

The Direct Debit Dishonour Fee will be decreasing from $25 to $20. 

Bank@Post fees

The fee for cash withdrawals via Bank@Post will be decreasing from $4 to $2. 

You can view our current Fees and Charges here.

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Last updated: 1 September 2025

The information contained in this article is only correct at the point of time of publication. It is general information and has been prepared without taking into account your personal circumstances, objectives or needs. Please consider if this information is right for you before making a decision to acquire any product.