People First Dream Fund Summary
Description
A savings account that offers bonus interest in any month your account balance grows (not including interest credits)
Benefits
- No monthly savings-account fee.
Hoops
- For bonus interest, grow the balance by at least $0.01 each month. Check the full requirements below.
- Ongoing rate cap: $100,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | People First Dream Fund |
|---|---|
| Maximum variable rate | 5.55% p.a. |
| Ongoing interest rate | 5.55% p.a. |
| Base interest rate | 0.01% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 0.01% |
|---|---|
| Ongoing | 5.55% |
| Ongoing cap | $100K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0.01 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| 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: 5.55% p.a. when bonus conditions are met. Up to $100k.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.01% | Whole balance | All balances |
| Ongoing total, conditions met | 5.55% | This band only | First $100k |
| Ongoing total, conditions met | 4.40% | This band only | Over $100k |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- Grow the balance by any positive amount during the calendar month, excluding interest. Closing balance after subtracting interest credited that month must exceed the opening balance on the first day. Withdrawals are allowed if net growth is achieved, no purchase condition. Bonus rates apply to separate portions at the $100,000 threshold.
- 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.
- Permanent residents of Australia who reside in Australia at the time of membership application are eligible for membership, regardless of citizenship status.
- Personal Members Only
- Personal membership and Australian residency required. Up to five Dream Fund accounts. Child operation and authorised-adult rules depend on age, the feed does not provide a universal numeric minimum.
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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 on 31 Oct 2026. Pricing verified on 27 Oct 2026.