Community and Business Saver
An online business savings account that allows you to access your funds via Internet and Smart Phone Banking. With competitive interest rates and no monthly account fees
At a glance
- Base rate
- 1.60%
How it compares
This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
Each institution's best interest-paying business account, base plus any bonus. One dot per institution, at its highest business savings rate anyone can apply for; hover or tap a dot for its name.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Business savings accountEach institution's best interest-paying business account, base plus any bonus | 1.60% | 5.40%Great Southern Bank Business+'s Business+ Saver | 0.55%of 34 institutions | 11th highest of 34, level with 2 others |
Rates
Every rate People First Bank publishes for this account, 2 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | $1–$4,999 | 1.60% | - | paid every 1 mo |
| Variable | - | - | $5,000+ | 1.60% | - | paid every 1 mo |
Rate changes
2 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 1 Nov 2026 | Variable, $1–$4,999 | 1.35% | 1.60% | up 0.25 |
| 1 Nov 2026 | Variable, $5,000+ | 1.35% | 1.60% | up 0.25 |
Each change is logged the night it appears in the rates People First and Heritage Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
10 fees published, grouped by when they're charged.
When you make a transaction2
- Auto Transfer Order Rejection
Applies when your account has insufficient funds to cover a payment.
$5 - Electronic Auto Transfer Order
Applies for when a new staff assisted external electronic payment is set up to debit from your account as a once off payment, including staff assisted transfers to a Heritage account.
$1.50
When particular things happen8
- Company and Business Name Search$20
- Direct Debit Dishonour Fee
Applies when your account has insufficient funds to cover the amount of a direct debit. Charged on the day the direct debit is attempted.
$5 - Direct Debit Honour Fee
Applies when a direct debit is paid from your account where insufficient funds are available. Charged on the day the direct debit is attempted.
$10 - Frequent Statement Fee
This fee applies to members who request a statement more regularly than the statement cycle specified in the product terms and conditions. Excludes eStatements which are free of charge.
$2 - Others
All People's Choice Credit Union Fees and Charges are referenced within the disclosure document linked below.
$1 - Overdrawn Administration Fee 1
Payable if you overdraw your account without an approved overdraft or line of credit and you fail to deposit funds to the account to clear all overdrawn amounts within 7 days of us notifying you that…
$25 - Overdrawn Administration Fee 2
Payable if you overdraw your account without an approved overdraft or line of credit and your account remains overdrawn for a period of 20 days or more.
$25 - Paper Statement Fee
Applies to each paper statement issued as per the statement cycle specified. Excludes eStatements which are free of charge.
$3
Features
- Direct feeds to Xero and MYOB software
Eligibility and limits
- Available to businesses
Compare it with others
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Published by People First and Heritage Bank under the Consumer Data Right, last changed by them on 1 Nov 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.