See all Dream Fund terms, conditions and fees.
Key benefits
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Bonus interest when you grow your balance each month
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No minimum opening deposit
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No monthly administration fee
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Secured by the Australian Government for up to $250,000 per account holder
The account that helps you save for your goals.
Grow your savings and unlock bonus interest simply with our Dream Fund savings account. Finish the month with a greater balance than you started with (excluding interest), and you can unlock bonus interest for your savings goals.
Get saving with your Dream Fund today.
Get the People First Bank App to get started. You'll need about 5 minutes, an Australian citizen 16 or over, and a drivers' license or passport.
Rates
Check out our latest rates for a Dream Fund.
Minimum Balance
helpInterest rate
helpBase rate + bonus rate
helpDream Fund
Balance Bracket
$0 - $100,000.00
$0 - $100,000.00
Minimum Balance
$
Interest rate
% p.a.
Base rate + bonus rate
% p.a.
Minimum Balance
helpInterest rate
helpBase rate + bonus rate
helpDream Fund
Balance Bracket
$100,000.01 & above
$100,000.01 & above
Minimum Balance
$
Interest rate
% p.a.
Base rate + bonus rate
% p.a.
Terms and fees
Refer to our Fees & Charges document.
Accounts & Access Facilities Terms & Conditions
Download our Accounts & Access Facilities Terms & Conditions document.
Fees & Charges
Download our Fees & Charges document.
Daily Limits
Download our Daily Limits document.
Deposit Accounts Interest Rates
Download our Deposit Accounts Interest Rates document.
Target Market Determination
Target Market Determinations for our products are available on our Target Market Determinations page.
Savings account FAQs
See more bank account FAQs
Interest is calculated daily on the portion of the balance within each balance bracket. Dream Fund bonus interest is paid when your closing balance for the month is greater than the opening balance of your account for that month, excluding any interest credited to your account on that day. For details of base and bonus rates and bonus interest criteria on our legacy savings accounts please see our Deposit Accounts Interest Rate brochure.
On interest-bearing savings and transaction accounts we calculate interest on the closing daily credit balance of your account from the last day of the previous month to the second-to-last day of the month for which interest is being credited. If your savings or transaction account has an interest frequency other than monthly, interest is on the closing daily credit balance of your account from the last day of the month that interest was previously credited to the second-to-last day of the month for which new interest is being credited.
Yes, the account will be in the name of the child, but a parent/guardian can be added as a Third Party Operator to the account. For more information refer to our Opening Accounts for Minors brochure.
A Birth Certificate is sufficient identification to open an account for a child.
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