People First Bank is the retail brand of Heritage and People's Choice Ltd, the customer-owned mutual bank formed by the merger of People's Choice and Heritage Bank. Dream Fund is their current savings account — it pays a competitive rate on balances up to $100,000, stepping down to a lower rate above that threshold rather than losing the bonus entirely, provided the account balance grows each month (interest credited that same day doesn't count towards the growth test). Their other savings products are legacy and closed to new customers.
Deposits with People First Bank are protected under the Financial Claims Scheme up to $250,000 per account holder per ADI.