People First Bank / Heritage Bank Youth Simply Access Transaction Account

transaction accountage limitedstale

Youth Simply Access Transaction Account is a transaction account from People First Bank / Heritage Bank. It pays 0.01% p.a. with no bonus conditions.

Not ranked: a transaction (everyday) account, not a savings account.

Rate tiers

Every balance band in the bank's feed: base is the rate the bank pays.

One rate on every balance, with no upper limit.

The feed states a minimum balance of $1.

Conditions

• not updated by the bank since 2026-09-15, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed

Features

card

Visa debit card

app

yes

Osko

yes

PayID

yes

transactions

unlimited

wallets

Google Pay, Samsung Pay, Apple Pay, Fitbit Pay, Garmin Pay

Other features, in the bank's words:

• Bank@Post facility available. Minimum deposit of $20, maximum deposit of $8,000, minimum withdrawal of $20, maximum withdrawal of $2,000.
• Electronic or Physical statements provided
• Scheduled, periodic payments available
• Direct debit facility available
• Support for BPAY available
• Sweep facility available

Fees, limits and who can open it

monthly fee

no monthly fee stated

other fees named

Overseas Currency Conversion Fee (no amount in the feed)

minimum balance

$1

interest paid

quarterly

interest calculated

daily

open to

personal customers

age limited

open only to people of certain ages (kids, youth or seniors accounts)

About this account

Establish good sending and saving habits plays an important role in creating a great foundation for your child's lifelong relationship with money and banking.

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 27 October 2026.
• /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 15 September 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
• Online Saver Accountstale savings account, 3.45% base 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

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.