In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert
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Community First Term Deposit

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Community First Bank Term Deposit
Interest rate 12 months interest rate
Up to 5.25% p.a.
Maximum deposit


Earn up to 5.25% on a 1 year term deposit with Community First.

You can earn a fixed rate of 5.25% for 12 months, with a minimum deposit of $50,000.

Alternatively, if you're looking for other terms, outside of the 12 months. Then the minimum deposit requirement is $5,000. All terms do have a maximum balance of $1,000,000.


  • Large range of term lengths
  • No fees
  • Easy online application


  • No term lengths over 3 years
  • Minimum of $50K deposit required for 12 months

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert


Key details

Product Name Community First Bank Term Deposit
3 month interest rate 4.20%
4 month interest rate 4.20%
6 month interest rate 4.25%
7 month interest rate 4.25%
9 month interest rate 4.25%
12 month interest rate 5.25%
24 month interest rate 5.00%
36 month interest rate 5.00%
Government guarantee Yes


Joint account availability Yes
Available to children No minimum age

Key features

Limited time 12 month special offer

You can get a 5.25% p.a. rate for 12 months with a deposit between $50,000 and $1 million.
This special offer is available for new customers or existing members depositing at least $50,000 of new money. This offer is available for a limited time.

Choice of term lengths

You have a choice of term lengths between 3 months up to 3 years. Your interest rate is fixed during the life of your term. As you can see in the table above, you’ll get a higher rate for longer term lengths.

Deposits for 3 months to 3 years (Excluding 12 months)

The deposit requirements for all terms, ranging from 3 months to 3 years (excluding the 12-month term), have a minimum deposit of $5,000.

Deposit for 12 months:

The deposit requirements for 12-month term, have a minimum deposit of $50,000.

How to apply

You can apply for a Community First term deposit online. You’ll need to become a member of the credit union first, which will be done at the same time as your online application.

  • Minimum age. There are no age requirements.
  • Residency requirements. Account holders must be Australian residents with a residential address inside of the country.
  • Deposit requirements. You will be asked for a payment of $2 when you apply to become a member, and when activating the term deposit you’ll be required to make an opening deposit of at least $5,000.

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Alison Finder


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August 26, 2023

You pay monthly interest to other institutions where is your branch near liverpool


Alison Banney Finder

September 08, 2023

Hi, you’ve reached Finder, not Community First Bank. You can see branch locations for this bank here:



March 06, 2023

With reference to the answer regarding not able to accept transfer of deposit over a timeframe of 1 week, how are we able to overcome the issue if we want to setup a term deposit of $100,000 but maximum bank transfer per day is $20,000. Does Community First have a branch in WA where we can walk in to deposit the total cash of $100,000 in 1 go?

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Alison Banney Finder

March 07, 2023

Hi Tomako,

You can speak to your bank about increasing your transfer limit temporarily for the day you’d like to make a transfer of that amount. You just need to give them a call and verify yourself for the request to go through.

If you have any other issues with this we suggest you speak with your bank and Community First directly – at Finder, we aren’t affiliated in any way with any bank and can only offer you general advice.

Hope this helps. Thanks,


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February 28, 2023

Hi Alison, in regards to this statement

“Interest payments

The above table shows the interest rate that applies when your interest is paid at maturity of the term length. You can select to have your interest paid monthly instead, however a slightly lower interest rate will apply.”

If we opt for interest paid monthly, does it go to a separate account or it goes into the term deposit account and compounded? I’d like to learn more about compound interest and how it works.

Thank you.

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Alison Banney Finder

March 02, 2023


Your interest payments with a term deposit go into a separate bank account, they’re not added back into the term deposit. Term deposits don’t usually offer compound interest.

Savings account do offer compound interest – meaning you can earn interest on your interest.



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Wasfy Latif

February 22, 2023


Does these rates apply to SMSF entities or just personal accounts?


Raj Lal Finder

March 17, 2023

Hi Wasfy,

Thanks for contacting Finder.

The Community First Term Deposit ($50k+) is for personal accounts.

For SMSF term deposits, have a look at our SMSF term deposits page.




David D

February 17, 2023

Can a State Registered Incorporated Charity Association become a member?


Alison Banney Finder

February 21, 2023

Hi David,

Community First does offer term deposit accounts to different types of business customers. They recommend you get in touch with them directly to discuss your particular organisation and what type of account you’re looking for.



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