Savings account
People First Bank Target Bonus Account
4.25%p.a. total
0.01% base + 4.24% bonus when the conditions are met
101st of 152 savings accounts · market average 4.23%
The RBA raised the cash rate to 4.60% on 30 September. Target Bonus Account hasn't moved yet.
What the bonus asks
2 things each month- Each month
- A deposit
- No withdrawals
- A month without them
Pays the 0.01% base rate on the whole balance.
- Who can open it
Anyone
- Balance
No balance cap.
Rate history
No change since tracking began on 7 Oct- Target Bonus Account
- RBA cash rate
- Market average
No rate changes recorded for this account since tracking began on 7 October 2026.
- #101NowOct 2026: ranked 101 of 152
- Top 5%
- Top 10%
- Top 25%
- Top half
- Lower half
Ranked #101 of 152 this month. Tracking begins here.
- A year, conditions met
- $2,125
- A year, never met
- $5
- Against the average (4.23%)
- +$11
On a $50,000 balance. Type yours above; it's kept with your savings preferences.
Earn bonus interest when you make regular desposits and no withdrawals with a Heritage Target Bonus Account
Notes from savers
to leave a note.
Other People First Bank accounts: Dream Fund 5.55% · Youth Target Bonus Account 4.25% · Online Saver Account 3.20%
Pays 4.25% p.a. total (0.01% base plus 4.24% bonus) as of 7 October 2026. Ranks 101st of 152 savings accounts tracked by BankMate, 0.02 points above the average of 4.23%. It has not changed since tracking began on 7 October 2026. From People First Bank's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·