People First Bank
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
Savings & transaction accountsBank updated 1 June 2026
At a glance
- Base rate
- 1.35%
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | $1–$4,999 | 1.35% | — | paid every 1 mo |
| Variable | — | — | $5,000+ | 1.35% | — | paid every 1 mo |
§ 02 — Fees · 10
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Company and Business Name Search | Event | $20 | — | — |
| Direct Debit Dishonour Fee | Event | $5 | — | Applies when your account has insufficient funds to cover the amount of a direct debit. Charged on the day the direct debit is attempted. |
| Direct Debit Honour Fee | Event | $10 | — | Applies when a direct debit is paid from your account where insufficient funds are available. Charged on the day the direct debit is attempted. |
| Frequent Statement Fee | Event | $2 | — | 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. |
| Others | Event | $1 | — | All People's Choice Credit Union Fees and Charges are referenced within the disclosure document linked below. |
| Overdrawn Administration Fee 1 | Event | $25 | — | 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… |
| Overdrawn Administration Fee 2 | Event | $25 | — | 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. |
| Paper Statement Fee | Event | $3 | — | Applies to each paper statement issued as per the statement cycle specified. Excludes eStatements which are free of charge. |
| Auto Transfer Order Rejection | Transaction | $5 | — | Applies when your account has insufficient funds to cover a payment. |
| Electronic Auto Transfer Order | Transaction | $1.50 | — | 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. |
§ 03 — Features
Instant paymentsDigital bankingUnlimited transactions
- · Direct feeds to Xero and MYOB software
§ 04 — Eligibility & limits
- · Available to businesses
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by People First and Heritage Bank under the Consumer Data Right, last changed by them on 1 June 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.