Dream Fund

No matter what you’re saving for, our Dream Fund will help you get there.

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Key benefits

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    No minimum opening deposit

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    No monthly administration fee

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    Bonus interest when you grow your balance each month

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    Unlimited BPAY® , direct debit and direct credits

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    Digital preferred account

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    24/7 access with Digital Banking

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Join People First Bank today

Open your new Everyday Account in minutes. It's fast, free and secure. Simply download the People First Bank App for your device below and follow the prompts. 

To open your account digitally, you’ll need the following*:

  • Driver's licence or passport
  • Australian citizenship
  • To be at least 16 years of age
  • A smartphone with a camera for ID verification purposes

 

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*If you do not meet the eligibility requirements for digital onboarding, you can contact us or locate a branch here to get started. If you'd prefer to onboard using a computer, you can Join via web instead.
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Already a customer?

You can open a new Dream Fund account right now, using the People First Bank App or Online Banking. In the main menu, choose Accounts, Products, then Open a new account and follow the prompts.

Log in to Online Banking

Product overview

Our Dream Fund lets you earn bonus interest as you put money away to save for your goals, whether it's for a holiday, a house deposit or a rainy day.

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Bonus interest

Get rewarded with bonus interest when your closing balance for the month is greater than the opening balance.

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Unlimited transactions

Unlimited BPAY® payments, direct debits, direct credits, Osko payments and Bank@Post transactions.

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No minimum opening deposit

Open a Dream Fund easily with no minimum opening deposit required.

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No minimum age limit

There are no minimum age requirements to hold this account.

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Digital preferred account

Easily access your account with the People First Bank App and Online Banking.

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eStatements

Go paperless with eStatements sent to your Online Banking account every 6 months, or opt for monthly statements.

Rates

Check out our latest rates for a Dream Fund.
View bank account rates
Minimum Balance
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Interest rate
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Base rate + bonus rate
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Dream Fund
Balance Bracket
$0 - $100,000.00
Minimum Balance
$
Interest rate
% p.a.
Base rate + bonus rate
% p.a.
Minimum Balance
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Interest rate
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Base rate + bonus rate
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Dream Fund
Balance Bracket
$100,000.01 & above
Minimum Balance
$
Interest rate
% p.a.
Base rate + bonus rate
% p.a.

Terms and fees

See all Dream Fund terms, conditions 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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Do some quick maths

Get an understanding of your income and expenses to help grow your savings and reach your goals sooner.

Try our Savings Calculator

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Need some help? We've got you covered.

Get in touch with us and we can help you get the answers you need.

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Help and support

Access forms, brochures, support articles, FAQs and more below.

Help and support
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Message us securely

Log into Digital Banking to send us a secure message by clicking the link below, or by using your People First Bank App.

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Locate us

Visit us at a branch to get help with your banking.

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Talk to us

Our Customer Hub team is available to help 24/7.

Call 13 11 82
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