A Heritage term deposit can help you reach your saving goals faster. Our guaranteed fixed interest rates for a nominated term means you know exactly what your investment is worth.
Features include:
- Investments from as little as $1,000
- Interest can be paid on maturity, up front, fortnightly1, monthly, quarterly, half yearly, yearly or on early maturity
- Terms of 1 month to 5 years
- Interest calculated on daily balances
- Negotiable rates for amounts $250,000 or greater
1For aged pension recipients.
Heritage sometimes offers term deposits which are priced higher than our standard term deposit. Because these term deposits often automatically renew at maturity for the same period but at a different interest rate, there is a risk you may move from a high to a low interest rate. An interest rate deduction will be applied for all interest payment options apart from at maturity and yearly. Apply the following deductions from quoted interest rates 0.15%p.a for Up-front interest payments , 0.10% p.a for fortnightly - (only available to age pension recipients), monthly and quarterly payments and 0.05% p.a for interest paid half yearly. Early maturity: All or a portion of the term deposit may be withdrawn prior to maturity but will attract a lower interest rate (0.10%p.a.) Please read the Guide to Heritage Deposit Products (available in branch, by phoning 13 14 22 or here) and consider whether this product is right for you.