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Breaking Down Banking Jargon

Breaking down banking jargon

There’s nothing worse than the feeling of not understanding something – especially when it comes to your finances. At Heritage, we’re keen for our customers to understand what we are talking about when it comes to money. To help, we’ve compiled a list of the top banking jargon terms people get confused with and explained them in plain English.

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* Based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.