People First Bank / Heritage Bank Online Saver Account

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Online Saver Account is a savings account from People First Bank / Heritage Bank. At $50,000 it pays 3.45% p.a. with no bonus conditions; a bonus rate of 4.85% for the first 4 months (1.40% above the base rate).

Rate tiers

Every balance band in the bank's feed: base is the rate the bank pays, intro the rate in the introductory period.

Each rate is paid on the whole balance: the balance falls into one band and earns that band's rate.

The bank's feed calls the intro column a bonus rate: an add-on to the base rate for the first 4 months of a new account; after it the account pays its base rate, 3.45% at $50,000.

The feed states a minimum balance of $1.

Conditions

• not updated by the bank since 2026-10-31, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
• the 4-month 1.40% bonus intro rate is only for new Heritage members who open the account within 60 days of becoming a member; it is once only per member
• the intro rate needs an eligible Simply Access or Business Access transaction account linked to the Online Saver

Introductory rate conditions: Bonus Promotional 4 month rate on new accounts up to $100,000.

Features

app

yes

transactions

unlimited

Other features, in the bank's words:

• Electronic or Physical statements provided
• Scheduled, periodic payments available
• Direct debit facility available
• Bonus interest introductory offer
• SMS services available

Fees, limits and who can open it

monthly fee

no monthly fee stated

minimum balance

$1

interest paid

monthly

interest calculated

daily

open to

personal customers

Who can open it, in the bank's own words:

• You need to be a registered user of Heritage Online.

About this account

Manage your savings online with our high interest savings account.

Data

• People First Bank / Heritage Bank's own page for this account.
• The bank's documents its product record links to: terms and conditions, fees, eligibility.
• Our verbatim snapshot of the bank's product record (source), as fetched on 31 October 2026.
• We read the bank's own page and terms against this page on 1 November 2026: online-saver, guide-to-deposit-products, fees-and-limits-guide; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/people-first-and-heritage-bank.json: this bank's accounts and every balance band as JSON; People First Bank / Heritage Bank's page lists them.
• The bank last updated this record on 31 October 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.

Other accounts at People First Bank / Heritage Bank

• Community and Business Saverstale savings account, 1.60% base at $50,000
• Dream Fundstale savings account, 5.55% conditional at $50,000
• Target Bonus Accountstale savings account, 4.50% conditional at $50,000
• Youth Target Bonus Accountstale savings account, 4.50% conditional at $50,000
• Business Access Accountstale transaction account, 0.01% base at $50,000
• Community and Business Accessstale transaction account
• Everyday Accountstale transaction account
• Simply Access Transaction Accountstale transaction account, 0.01% base at $50,000
• Youth Simply Access Transaction Accountstale transaction account, 0.01% base at $50,000

All of People First Bank / Heritage Bank's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.