Last updated: July 2026
Dream Fund Interest Rate — People First Bank
Current rate, conditions, and history for the People First Bank Dream Fund savings account. Sorted by ongoing rate — not the honeymoon headline.
Dream Fund
View on bank website ↗Bonus interest paid in any month the account balance grows (not including interest credits)
Bonus rate applies on balances up to $100,000
+3.89% — Bonus interest paid in any month the account balance grows (not including interest credits)
How the Dream Fund rate works
The Dream Fund splits its rate into two components: a base rate of 0.41% p.a. paid on all balances, plus a bonus rate of 4.74% p.a. that you earn in any month your balance grows. Combined, that's 5.15% p.a.
The growth condition is straightforward: your balance just needs to be higher at month end than it was at month start — interest credits don't count toward the growth. If you miss a month, you fall back to the base rate for that month only.
The bonus rate applies to balances up to $100,000. Balances above that threshold earn the base rate.
About People First Bank
People First Bank is the trading name of People's Choice Credit Union, a South Australian credit union with branches across SA, NT, and the ACT. The Dream Fund is their primary savings product, suited to customers who can add to their balance most months.
As a credit union, People First Bank is member-owned and regulated by APRA as an authorised deposit-taking institution (ADI). Deposits are protected under the Financial Claims Scheme up to $250,000 per account holder per ADI.
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