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Term Deposits

At Heritage we put People first with some of the best term deposit rates around. Whatever your investment goals, Heritage will help you get there sooner with a high interest term deposit.

Term $1,000 - $4,999 $5,000 - $19,999 $20,000 - $99,999 $100,000 & over Interest Paid
1 month1.00%2.65%2.65%2.65%At Maturity
2 months1.25%2.70%2.70%2.70%At Maturity
3 months2.25%*2.85%*2.85%*2.85%*At Maturity
4 months1.25%*3.00%*3.00%*3.00%*At Maturity
5 months1.25%2.70%2.70%2.70%At Maturity
6 months2.25%*2.80%*2.80%*2.80%*At Maturity
7 months1.50%2.70%2.70%2.70%At Maturity
8 months1.50%2.70%2.70%2.70%At Maturity
9 months2.00%2.70%2.70%2.70%At Maturity
10 months2.00%2.70%2.70%2.70%At Maturity
11 months2.00%2.70%2.70%2.70%At Maturity
12 months2.50%*2.80%*2.80%*2.80%*At Maturity
24 months2.90%*2.90%*2.90%*2.90%*Yearly
36 months3.05%*3.05%*3.05%*3.05%*Yearly
48 months3.15%*3.15%*3.15%*3.15%*Yearly
60 months3.30%*3.30%*3.30%*3.30%*Yearly

Contact Heritage for rates on different Interest Payment Frequencies.

*Promotional term deposit rate. 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.Interest is calculated on daily balances. 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 Early maturity: All or a portion of the term deposit may be withdrawn prior to maturity but will attract a lower interest rate (0.10%p.a.) Please read the Guide to Heritage Deposit Products (available in branch, by phoning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.

Rates effective from 18 May 2015 and subject to change without notice. All rates are calculated on a per annum (p.a.) basis.

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

Interest rates are on a per annum basis. Rates and special offers are correct as stated but subject to change without notice. Discounts shown are not available in conjunction with any other interest rate discount or special offer, and do not apply to internal refinances.