based on 1710 People's Choice product reviews as rated by Mozo community

People's Choice savings accounts

People's Choice is a member owned financial institution offering its members a wide range of competitive banking, insurance and investment products and services. Formed through the merger of Savings & Loans and Australian Central, Peoples Choice has more than 350,000 members Australia wide. At Peoples Choice, its customers are its owners so everything they do is designed to benefit their members.

Plus it won a 2023 Mozo Experts Choice Award for best Kids High Interest Savings and Teen High Interest Savings.

People's Choice offers the following savings accounts

Rates and fees verified as correct at 4 March 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate Maximum rate Govt deposit guarantee
Bonus Saver

0.01% p.a.(for $0 and over)

4.40% p.a. (for $0 and over)

Yes up to $250,000

Dream Fund

0.01% p.a.(for $0 and over)

4.90% p.a. (for $0 and over)

Yes up to $250,000

Young Saver

0.10% p.a.(for $0 and over)

5.05% p.a. (for $0 and over)

Yes up to $250,000

How are People's Choice savings accounts rated?

Mozo users have rated People's Choice savings accounts on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

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People's Choice savings accounts
Overall
Price
Features
Customer service
Convenience
Trust

555 Reviews

Recent People's Choice savings account reviews

People's Choice Savings Account
Overall 7/10
overall peoples choice is a great option

Competitive interest rates: A bank with attractive interest rates can be beneficial for saving and investing money. Wide range of products and services: A diverse selection of banking products and services can meet different customer needs. Excellent customer service: Responsive and helpful customer service can enhance the overall banking experience. Convenient digital banking: A user-friendly online and mobile banking platform can make banking easier and more accessible. Low or no fees: Banks with fewer fees can save customers money on various transactions and services. Cons: Poor customer service: Inadequate or unresponsive customer service can lead to frustration and inconvenience. Limited branch and ATM network: A smaller physical presence may be inconvenient for customers who prefer in-person banking. High fees and charges: Excessive fees can erode savings and make banking more expensive. Security concerns: Weak cybersecurity measures can put customers' personal and financial information at risk. Financial instability: A bank facing financial troubles could potentially impact customers' funds and services.

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Competitive interest rates: A bank with attractive interest rates can be beneficial for saving and investing money. Wide range of products and services: A diverse selection of banking products and services can meet different customer needs. Excellent customer service: Responsive and helpful customer service can enhance the overall banking experience. Convenient digital banking: A user-friendly online and mobile banking platform can make banking easier and more accessible. Low or no fees: Banks with fewer fees can save customers money on various transactions and services. Cons: Poor customer service: Inadequate or unresponsive customer service can lead to frustration and inconvenience. Limited branch and ATM network: A smaller physical presence may be inconvenient for customers who prefer in-person banking. High fees and charges: Excessive fees can erode savings and make banking more expensive. Security concerns: Weak cybersecurity measures can put customers' personal and financial information at risk. Financial instability: A bank facing financial troubles could potentially impact customers' funds and services.

Price
7/10
Features
9/10
Customer service
8/10
Convenience
6/10
Trust
8/10
Less
Ella, Victoria, reviewed 7 months ago
People's Choice Dream Fund
Overall 10/10
Greatest Service ever! Happy employees are best!

Such a great bank! Only wish there were more atms in Sydney!

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Such a great bank! Only wish there were more atms in Sydney!

Price
10/10
Features
10/10
Customer service
10/10
Convenience
5/10
Trust
10/10
Less
Renae, New South Wales, reviewed 7 months ago
People's Choice Bonus Saver
Overall 10/10
Amazing to bank with, highly recommend.

I love this bank so much, I have one account linked to my card and 5 savings accounts for different things. I have never had any fees and the interest rates are extremely good. I opened some of the accounts years ago in Adelaide, where (I am fairly sure) they are based but I have been living overseas and in Queensland and have never found any issues, even though there isn't any branches for them here. So easy to open a new account online and they are great to deal with over the phone, I would definitely recommend them.

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I love this bank so much, I have one account linked to my card and 5 savings accounts for different things. I have never had any fees and the interest rates are extremely good. I opened some of the accounts years ago in Adelaide, where (I am fairly sure) they are based but I have been living overseas and in Queensland and have never found any issues, even though there isn't any branches for them here. So easy to open a new account online and they are great to deal with over the phone, I would definitely recommend them.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Sophie, Queensland, reviewed almost 2 years ago
People's Choice Savings Account
Overall 10/10
Great handy account.

I don't have any fees! My money is safe. Peace of mind! I can pay anyone anywhere at any time! Naturally interest rates are not good but not good anywhere else, either!

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I don't have any fees! My money is safe. Peace of mind! I can pay anyone anywhere at any time! Naturally interest rates are not good but not good anywhere else, either!

Price
10/10
Features
4/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Anne, South Australia, reviewed almost 3 years ago
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