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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%2.50%2.50%2.50%At Maturity
2 months1.25%2.60%2.60%2.60%At Maturity
3 months2.25%*2.75%*2.75%*2.75%*At Maturity
4 months1.25%2.65%2.65%2.65%At Maturity
5 months1.25%2.65%2.65%2.65%At Maturity
6 months2.25%*2.70%*2.70%*2.70%*At Maturity
7 months1.50%2.65%2.65%2.65%At Maturity
8 months1.50%2.65%2.65%2.65%At Maturity
9 months2.00%2.65%2.65%2.65%At Maturity
10 months2.00%2.65%2.65%2.65%At Maturity
11 months2.00%2.65%2.65%2.65%At Maturity
12 months2.50%*2.70%*2.70%*2.70%*At Maturity
24 months2.75%*2.75%*2.75%*2.75%*Yearly
36 months2.90%*2.90%*2.90%*2.90%*Yearly
48 months3.00%*3.00%*3.00%*3.00%*Yearly
60 months3.10%*3.10%*3.10%*3.10%*Yearly

* 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.

You can change your instructions before the maturity date or within seven days after the maturity date by giving us further recognised instructions.

Interest rates are on a per annum basis and are correct as stated but subject to change without notice. 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Early maturity: all or a portion of the term deposit may be withdrawn prior to maturity but will attract a lower interest rate of 0.10% p.a.

Any conditions listed are a summary only and are subject to change. Please consider the Guide to Heritage Deposit Products before you decide whether this product is right for you.

This advice has been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs.

Rates effective from 23 September 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 examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.