In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • FAQ
  • Your reviews
  • Ask an expert
Finder makes money from featured partners, but editorial opinions are our own.

People’s Choice Bonus Saver Account

People's Choice Bonus Saver Account

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

Compare other options
Maximum variable rate
4.25% p.a.
Base interest rate
0.01%p.a.
Minimum deposit
$50

Summary

This account rewards you with bonus interest each month you deposit $50 and make no withdrawals.

For every month that you are able to make a deposit into your Bonus Saver Account without having to withdraw, People’s Choice Credit Union rewards you with a competitive bonus interest rate. Sticking to your deposit commitment is easy with a free payroll split that allows you to add to your savings directly from your salary. You can even set up direct debits from the account, but those will count against you earning extra interest on your balance.

Pros

  • $0 monthly service account fee
  • Small monthly deposit condition of $50
  • Internet banking and mobile banking app

Cons

  • To be eligible for bonus interest you can't make withdrawals
  • Bonus rate is lower than others in market
  • Can't open this account online

In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • FAQ
  • Your reviews
  • Ask an expert

Details

Key details

Product Name People's Choice Bonus Saver Account
Maximum Variable Rate 4.25% p.a.
Standard Variable Rate 0.01% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 13

Key features

No monthly admin fees

There are no account keeping or administration fees deducted from your account.

Bonus interest

A bonus interest rate is applied to your balance each month you deposit at least $50 without making any withdrawals from the account.

The total variable bonus rate you can earn is 4.25%.

Base interest

If you don't meet the conditions one month you'll earn the standard interest rate on your balance which is very low at just 0.01%.

Launch savings calculator


How to apply

You need to open this account over the phone or by going into a branch.

Eligibility

  • Minimum age. This account is designed for individuals aged 13 and over.
  • Residency requirements. Australian permanent residents and temporary residents with a work visa who are also People's Choice Credit Union members can apply for this account.

FAQ

Your reviews

No reviews yet. Write a review

Ask an expert

Ask a question
Avatar

Staff Finder

Writer

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Go to site