Community First Bank Term Deposit Review (2026)
Rates and details verified 18 May 2026
Rates can change without notice. Last verified: 18 May 2026 (AEST). Please confirm details on the bank’s official page.
12-month rate
5.40%
p.a. at maturity
Min deposit
$10,000
higher than most
Bank type
Mutual
customer-owned
About Community First Bank
Community First Bank is an Australian customer-owned mutual bank, focused on community banking. As a mutual, it is owned by its members rather than external shareholders, with profits reinvested into member products and services. It is regulated by APRA and deposits up to $250,000 are protected under the Financial Claims Scheme (FCS).
Their term deposit offers a competitive 5.40% p.a. for 12 months, matching AMP Bank and Bank First. The key consideration is the $10,000 minimum deposit — higher than most other providers on this page — making it better suited to larger savers.
Rates by Term
| Term | Rate (p.a.) |
|---|---|
| 12 months | 5.40% |
| Other terms | Check website |
Rates as at 18 May 2026. Check Community First Bank's website for full term schedule.
Pros and Cons
Pros
- ✓ Competitive 12-month rate (5.40%)
- ✓ Customer-owned mutual — member focused
- ✓ FCS protected up to $250,000
Cons
- ✗ $10,000 minimum — highest on this page
- ✗ Limited term options compared to other lenders
- ✗ Less well-known than major banks
How It Compares
- Judo Bank: 5.45% (12m), $1,000 min
- AMP Bank: 5.40% (12m), $5,000 min
- Bank First: 5.40% (12m), $500 min
- Community First Bank: 5.40% (12m), $10,000 min
FAQs
What is the Community First Bank 12-month TD rate?
5.40% p.a. at maturity, with a $10,000 minimum deposit.
Is my deposit safe?
Yes — Community First Bank is APRA-regulated. Deposits up to $250,000 are protected under the Australian Government's Financial Claims Scheme.
What is the minimum deposit?
$10,000 — higher than most other providers. If you have less to invest, consider Bank First ($500 min) or Judo Bank ($1,000 min).
Information verified 18 May 2026. Rates subject to change. Confirm current rates, terms, and eligibility on Community First Bank's website before investing. This is not financial advice. Deposits up to $250,000 protected under the Financial Claims Scheme.