Compare People’s Choice Credit Union Savings Accounts

Information verified correct on December 4th, 2016

Saving your dollars for a rainy day can be made easy when you make People’s Choice Credit Union your choice for banking.

Almost 350,000 people across all of Australia have chosen to bank with the People’s Choice Credit Union. With a history that dates back to 1976, the credit union came into its own in 2009 with the merger of Australian Central and Savings & Loans. Since that time it has been building an impressive list of products to fulfil the banking needs of all Australians.

Rates last updated December 4th, 2016
$
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
People's Choice Credit Union Activate Account
A student everyday transaction account - suitable for ages 13 - 24.
Visa $0 $0 No monthly account keeping fee with unlimited free rediATM transactions, EFTPOS, Direct Debits, BPAY, Branch and Bank@Post transactions. More
People's Choice Everyday Account
A flexible transaction account with unlimited transactions and a competitive monthly fee.
Visa $0 $0 Free access to rediATMs across Australia. More
People's Choice Credit Union Zip Account
Easy access account available for ages 24 - 54.
Visa $0 $0 No monthly account keeping if you meet the deposit requirements, access to the RediATM network. More
People's Choice Club 55 Account
An everyday transaction account designed for those who are 55 and over.
Visa $0 $0 No monthly admin fee with unlimited free rediATM transactions, EFTPOS transactions, Visa Debit card ‘credit’ purchases, Direct Debits and BPAY® transactions. More
People's Choice Credit Union Offset Account
For members with an eligible People's Choice Credit Union home loan.
Visa $0 $0 Monthly administration fee applies and is applied to your home loan account on the last day of each month. More
Rates last updated December 4th, 2016
$
$
months
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
People's Choice Credit Union Christmas Savings Account
Ongoing, variable 1.00% p.a. Available on the entire balance.
1.00% 1.00% 0.00% $0 $0 / $0 More
People's Choice Young Saver Account
Ongoing, variable 2.75% p.a. when you deposit $5+ each month and make no withdrawals within the calendar month. Available on the entire balance.
2.75% 1.45% 1.30% $0 $0 / $0 More
People's Choice Bonus Saver Account
Ongoing, variable 2.55% p.a. when you deposit $50+ each month and make no withdrawals in a month. Available on the entire balance.
2.55% 2.54% 0.01% $0 $0 / $0 More
People's Choice Credit Union Expenses Account
Designed for those who like to budget and ensure your bills are paid on time.
0.00% 0.00% 0.00% $0 $0 / $0 More
People's Choice Credit Union Online Saver Account
Ongoing, variable 2.15% p.a. when you make no withdrawal in that month. Available on the entire balance.
2.15% 1.75% 0.40% $0 $0 / $0 More
Rates last updated December 4th, 2016
$
3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 12 Mths p.a. 24 Mths p.a. 36 Mths p.a. 48 Mths p.a. 60 Mths p.a. Min Deposit Interest Earned
People's Choice Credit Union Personal Term Investments
People's Choice Credit Union Personal Term Investments
2.40% 2.50% 2.80% 3.00% 3.20% 3.20% 3.05% 3.10% $5,000 More
Rates last updated December 4th, 2016
$
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
People's Choice Credit Union Activate Account
A student everyday transaction account - suitable for ages 13 - 24.
Visa $0 $0 No monthly account keeping fee with unlimited free rediATM transactions, EFTPOS, Direct Debits, BPAY, Branch and Bank@Post transactions. More
People's Choice Everyday Account
A flexible transaction account with unlimited transactions and a competitive monthly fee.
Visa $0 $0 Free access to rediATMs across Australia. More
People's Choice Credit Union Zip Account
Easy access account available for ages 24 - 54.
Visa $0 $0 No monthly account keeping if you meet the deposit requirements, access to the RediATM network. More
People's Choice Club 55 Account
An everyday transaction account designed for those who are 55 and over.
Visa $0 $0 No monthly admin fee with unlimited free rediATM transactions, EFTPOS transactions, Visa Debit card ‘credit’ purchases, Direct Debits and BPAY® transactions. More
People's Choice Credit Union Offset Account
For members with an eligible People's Choice Credit Union home loan.
Visa $0 $0 Monthly administration fee applies and is applied to your home loan account on the last day of each month. More
Rates last updated December 4th, 2016
$
$
months
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
People's Choice Credit Union Christmas Savings Account
Ongoing, variable 1.00% p.a. Available on the entire balance.
1.00% 1.00% 0.00% $0 $0 / $0 More
People's Choice Young Saver Account
Ongoing, variable 2.75% p.a. when you deposit $5+ each month and make no withdrawals within the calendar month. Available on the entire balance.
2.75% 1.45% 1.30% $0 $0 / $0 More
People's Choice Bonus Saver Account
Ongoing, variable 2.55% p.a. when you deposit $50+ each month and make no withdrawals in a month. Available on the entire balance.
2.55% 2.54% 0.01% $0 $0 / $0 More
People's Choice Credit Union Expenses Account
Designed for those who like to budget and ensure your bills are paid on time.
0.00% 0.00% 0.00% $0 $0 / $0 More
People's Choice Credit Union Online Saver Account
Ongoing, variable 2.15% p.a. when you make no withdrawal in that month. Available on the entire balance.
2.15% 1.75% 0.40% $0 $0 / $0 More
Rates last updated December 4th, 2016
$
3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 12 Mths p.a. 24 Mths p.a. 36 Mths p.a. 48 Mths p.a. 60 Mths p.a. Min Deposit Interest Earned
People's Choice Credit Union Personal Term Investments
People's Choice Credit Union Personal Term Investments
2.40% 2.50% 2.80% 3.00% 3.20% 3.20% 3.05% 3.10% $5,000 More

Despite being a member owned financial institution, People’s Choice Credit Union is still recognised as an Authorised Deposit Taking Institution, making them subject to the same rules and regulations as every Australian bank is. This includes ensuring that deposits of up to $250,000 per person are covered by the Australian Government Guarantee. This works in perfectly with their line of savings products that are designed to meet the various needs of all their members.

Awards that People’s Choice Credit Union has earned
  • Smart Investor Magazine’s Credit Union of the Year – Finalist in 2014 for the magazine’s Blue Ribbon Awards

Who is People’s Choice Credit Union?

People’s Choice Credit Union has found ways to ensure that the varying savings needs of their members can be easily met. With accounts designed for kids, Christmas and even long term savings goals, you are given plenty of options to choose between. There are 50 branches located throughout Australia from where you can manage your account, or choose an online saver and take care of your money from home.

  • People’s Choice CU SWIFT code: CUSCAU2SXXX

What’s internet banking like for People’s Choice CU?

People’s Choice CU customers can turn to its online banking platform or mobile banking app to access account related information, to pay bills, and to transfer money. They can turn online to register for e-statements and SMS banking. If you’ve received a new People’s Choice CU access card, you can activate it online.

People's Choice CU makes use of industry-standard encryption to ensure the transfer of data remains secure.

Notable features include:
  • Apply for a new transaction, savings, or investment account online
  • Register for online banking to get automatic access to BPAY and simplify how you pay bills

What about the mobile app?

Image Source: App Store
 
Account balancePayment historyTransfers and overseas transfers
account balpeoplespaymentpeopletransferpeople
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What transaction accounts are offered by People’s Choice Credit Union?

  • Activate Account. An everyday account designed for students between the ages of 13 and 24, this account features no fees, no minimum balance requirements and easy access to your money using a Visa debit card (applicable for members 16 and older). Transaction of all types are unlimited and free, including ATM withdrawals, online banking, direct debits and branch assisted transactions.
  • Everyday Account. For a low monthly fee you are provided with unlimited transactions, but use three other products offered by the credit union and you could qualify to have that fee waived. The Everyday Account arms you with a Visa debit card, giving you access to your cash at the point of sale, at an ATM or even online.
  • Zip Account. The issued Visa debit card gives you access to your money by using the over 3,400 rediATMs located throughout Australia. Enjoy fee free everyday banking when you also have a home loan through the credit union or can credit at least $2,000 to the account monthly, so long as you don’t receive paper statements.

What high interest savings accounts are offered by People’s Choice Credit Union?

  • Christmas Savings Account. This savings accounts limits your ability to make withdrawals outside of the holiday season. There is no minimum balance requirement, and once the 1st of November rolls around, you can make withdrawals at your local branch or by an online transfer into your transaction account.
  • Young Saver Account. Children can earn bonus interest on their savings just by making one monthly deposit of at least $5 with no withdrawals. Interest is paid monthly, showing young people the benefits of saving your money from a young age.
  • Bonus Saver Account. Make no withdrawals and at least one $50 deposit each month, and you will receive a bonus rate on your interest with this account. Access is allowed at a branch or online but fees may be applied for teller assisted transactions.
  • Online Saver Account. It makes no difference how much deposit, so long as you don’t take any money out, you qualify for bonus interest on your savings balance. This account is only accessible online, yet incurs no monthly maintenance fees.

What term deposits offered are by People’s Choice Credit Union?

  • Personal Term Investments. Available for savers as young as 13 years of age, term deposits require a minimum deposit of $5,000 and can be opened for anywhere between two months and five years. The longer the terms, the higher the interest rate applied. Plus, with any investment of over one year you can choose to have the interest paid annually, semi-annually, quarterly, monthly, or every 28 days.
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What are the pros and cons to banking with People’s Choice Credit Union?

Pros

  • Flexibility. The credit union provides you with various options for savings, and for a wide age range of Australians.
  • Bonus interest. A number of the savings accounts allow you to earn bonus interest as a reward for good savings habits.
  • Fees. By meeting certain conditions, you have the opportunity to have any fees waived.
  • Accessibility. The People’s Choice Credit Union makes it easy to manage your savings with online banking and a mobile app for iPhone and Android devices.

Cons

  • Criteria. If you are unable to meet the requirements for some of the savings accounts you will lose the opportunity to earn bonus interest.
  • Membership. You must be a member of the credit union in order to access and use any of their products.
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How do I apply for People’s Choice Credit Union savings account?

The People’s Choice Credit Union allows for applications for savings accounts to be submitted online. Just click ‘Go to Site’ and you will be securely transferred to their application page. You will need to meet certain criteria before being able to start, including:

  • Membership. Only active credit union members are allowed to submit an application. If you are not already a member you will be prompted to join first. This application is also available online and will take approximately 10 to 15 minutes to complete. There are no job or residency requirements, but you will be asked to pay a $2 membership charge.
  • Applying. Once you have confirmed your membership, you can login to online banking and continue with your savings account information.
  • Underage applicants. If under 18 check to ensure that you are applying for the right account.

You will need to supply supporting documentation to verify your identity. This could be your driver’s licence, passport, or work visa. Once your identity has been confirmed, you will be contacted with the details of your new account.

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Read more on this topic

Savings Account Offers

Learn about our information service
ME Online Savings Account

Maximum Variable Rate

3.05%

Standard Variable Rate

1.30
ING DIRECT Savings Maximiser

Maximum Variable Rate

2.75%

Standard Variable Rate

1.60
Bankwest Hero Saver

Maximum Variable Rate

2.65%

Standard Variable Rate

0.01
RaboDirect High Interest Savings Account

Maximum Variable Rate

3.20%

Standard Variable Rate

2.05

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4 Responses to Compare People’s Choice Credit Union Savings Accounts

  1. Default Gravatar
    Alec | August 29, 2016

    What bank ATM in NZ can I use with the lowest or no withdrawal fees using a credit or debit Visa card.

    • Staff
      Shirley | September 6, 2016

      Hi Alec,

      Thanks for your question.

      Unfortunately People’s Choice don’t have a global ATM alliance. It’s likely that all ATM withdrawals will incur a fee that is charged up to the discretion of the ATM owner.

      If you would like to compare alternatives, please see this page.

  2. Default Gravatar
    malcolm | September 14, 2015

    I WANT TO CHANGE A TERM DEPOSIT TO AN AT CALL ACCOUNT

    • Staff
      Shirley | September 14, 2015

      Hi Malcolm,

      Thanks for your question.

      Please get in touch with People’s Choice Credit Union directly to change your term deposit. Please be mindful that cancellation fees will apply.

      Cheers,
      Shirley

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