Dream Fund
A savings account that offers bonus interest in any month your account balance grows (not including interest credits)
At a glance
- Up to
- 5.55%
- Base rate
- 0.01%
- Bonus rate
- 5.54%
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.
What a bonus account pays in a month its conditions aren't met. One dot per institution, at its highest base rate on a bonus savings account anyone can apply for; hover or tap a dot for its name.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Bonus savings accountBase plus bonus, when every condition is met | 5.55% | 5.75%Defence Bank Limited's iSaver | 5.25%of 51 institutions | 6th highest of 51 |
| Bonus account, conditions missedWhat a bonus account pays in a month its conditions aren't met | 0.01% | 3.45%Heritage's Online Saver Account | 0.10%of 43 institutions | 35th highest of 43, level with 8 others |
Rates
Every rate People First Bank publishes for this account, 3 in all.
How the rate is made up
5.55%in a month every condition is met
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| BonusApplicable on balances up to $100,000 | - | - | up to $100,000 | 5.54% | - | paid every 1 mo; Bonus interest paid in any month the account balance grows (not including interest credits) |
| BonusApplicable on the portion of the balance over $100,000 | - | - | $100,000+ | 4.39% | - | paid every 1 mo; Bonus interest paid in any month the account balance grows (not including interest credits) |
| Variable | - | - | - | 0.01% | - | paid every 1 mo; Base rate applies to full balance |
Rate changes
2 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 1 Oct 2026 | Bonus, up to $100,000 | 5.14% | 5.54% | up 0.40 |
| 1 Oct 2026 | Bonus, $100,000+ | 4.14% | 4.39% | 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
16 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 as a fee on establishment of each new staff assisted external electronic payment . Includes staff assisted transfers to a Heritage account. Where the staff assisted transfer is a recurring pa…
$1.50
When particular things happen14
- Access Token
Applies for each active Access Token. Charged upon issue.
$20 - Corporate Cheque
Charged each time a Corporate Cheque is issued.
$10 - Direct Debit Dishonour Fee
Applies when your account has insufficient funds to cover the amount of a direct debit.
$5 - Direct Debit Dishonour
Applies when your account has insufficient funds to cover the amount of a direct debit. Charged on the day the direct debit is attempted. Not charged if Honour Fee is payable.
$5 - Direct Debit Honour
Applies when a direct debit is paid from your account where insufficient funds are available.
$10 - Dormant (inactive fee)
Applies when you do not have any activity on your account/s or membership, we may charge you a fee at the time we close your inactive accounts.
$20 - Duplicate/replacement Statement
Applies when you request us to provide a copy of a statement that has already been issued (including where you request a paper copy of an eStatement). Charged at the time the statement is requested.
$10 - Emergency same day transfer
Applies for when a new staff assisted same day transfer external or Heritage electronic payment is debited from your account.
$11 - Frequent Statement Fee
This fee applies to members who request a statement more regularly than the statement cycle specified in the Summary of Term Investment Accounts table in Chapter 7. Excludes eStatements, which are fr…
$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 - Qucik Debit Dishonour
Applies when your account with another financial institution or your account with Heritage has insufficient funds to cover the value of the quick debit request. Quick Debit services available only on…
$5
Features
- When the closing balance of your account on the last day of the month, excluding any interest credited to your account on that day, is greater than the opening balance of your account for that month,…
Eligibility and limits
- Residency: Permanent residents of Australia who reside in Australia at the time of membership application are eligible for membership, regardless of citizenship status.
- Available to individuals
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Published by People First and Heritage Bank under the Consumer Data Right, last changed by them on 1 Oct 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.