People First Target Bonus Account (Heritage) Summary
Description
Earn bonus interest when you make regular desposits and no withdrawals with a Heritage Target Bonus Account
Benefits
- No monthly savings-account fee.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- For bonus interest, make at least 1 qualifying deposit each month. Check the full requirements below.
- Withdrawals can forfeit bonus interest.
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Details
Key details
| Product name | People First Target Bonus Account (Heritage) |
|---|---|
| Maximum variable rate | 4.25% p.a. |
| Ongoing interest rate | 4.25% p.a. |
| Base interest rate | 0.01% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 0.01% |
|---|---|
| Ongoing | 4.25% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | - |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.01% p.a., before bonus interest.
- Ongoing: 4.25% p.a. when bonus conditions are met. No upper cap.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.01% | Whole balance | All balances |
| Ongoing total, conditions met | 4.25% | Whole balance | All balances |
Source: noren.com.au
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Requirements
- Make at least one deposit and no withdrawals during the monthly interest period. Current Heritage terms section 34 calculate both base and bonus on daily balances, paid monthly, the exact old source minimum-monthly-balance wording is not used over those current terms. Minimum operating/interest calculation balance $1.
- Provider fee review 29 October 2026: this savings account has no monthly account-keeping fee. This does not waive transaction, statement, special-service or separately linked-account charges, their published conditions still apply.
- Qualification timing: Requirements are assessed in the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with People First.
- Heritage-branded product within the shared registered feed, still open to new applications under the current Heritage guide. People First former-product closures do not automatically close Heritage products. No numeric age restriction is invented for the youth-labelled source record where current evidence supplies none.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected and verified on 31 Oct 2026.