Savings account
People First Bank Dream Fund
5.55%p.a. total
0.01% base + 5.54% bonus when the conditions are met
17th of 151 savings accounts · market average 4.37%
The RBA raised the cash rate to 4.60% on 30 September. Dream Fund moved on 1 October, a day later.
What the bonus asks
1 thing each month- Each month
- A balance that ends the month higher than it started
- A month without them
Pays the 0.01% base rate on the whole balance.
- Who can open it
Anyone
- Balance
The bonus is paid on balances up to $100,000.
Rate history
Last change 1 Oct- Dream Fund
- RBA cash rate
- Market average
October 20261 change
- 1Thu
- 5.15 → 5.55Bonus rate 5.14% → 5.54% · a day after the RBA rise to 4.60%+0.40
September 20261 change
- 23Wed
- 4.75 → 5.15Bonus rate 4.74% → 5.14%+0.40
April 20261 change
- 1Wed
- 4.50 → 4.75Bonus rate 4.49% → 4.74% · 14 days after the RBA rise to 4.10%+0.25
- #20FebFeb 2026: ranked 20 of 42
- #25MarMar 2026: ranked 25 of 64
- #35AprApr 2026: ranked 35 of 76
- #51MayMay 2026: ranked 51 of 79
- #54JunJune 2026: ranked 54 of 79
- #55JulJuly 2026: ranked 55 of 80
- #55AugAug 2026: ranked 55 of 80
- #5SepSep 2026: ranked 5 of 120
- #16OctOct 2026: ranked 16 of 150
- #17NowNov 2026: ranked 17 of 151
- Top 5%
- Top 10%
- Top 25%
- Top half
- Lower half
In the top 50% for 6 of the last 10 months. Its lowest was #55 of 80 in July 2026.
- A year meeting the conditions
- $2,775
- A year without meeting the conditions
- $5
- Against the average (4.37%)
- +$591
On a $50,000 balance. Type yours above; it's kept with your savings preferences.
Grow balance by 1c each month; 3.65% for balances > $100k.
Notes from savers
to leave a note.
Pays 5.55% p.a. total (0.01% base plus 5.54% bonus) as of 1 November 2026. Ranks 17th of 151 savings accounts tracked by BankMate, 1.18 points above the average of 4.37%. The rate last rose on 1 October 2026, a day after the RBA raised the cash rate to 4.60%. From People First Bank's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·