People’s Choice Bonus Saver Account
- Maximum variable rate
- 4.40% 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
Details
Key details
| Product Name | People's Choice Bonus Saver Account |
| Maximum Variable Rate | 4.40% p.a. |
| Standard Variable Rate | 0.01% p.a. |
| Monthly Account Fee | $0 |
| Minimum Opening Deposit | $0 |
| Minimum Age | 13 |
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How the Finder Score helps you find a better savings account
The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
FAQ
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Alison Finder
Editor
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