1 July 2021
Consumers looking to make smart financial choices can find great value at Heritage Bank which was today named a winner in Money magazine’s 2021 Consumer Finance Awards.
Heritage won the Customer Owned-Bank – Money Minder of the Year award after scoring the highest average product rankings across savings accounts attached to personal loans for low, medium and high balances and term deposits over 1, 3 and 5 years.
The eligible products from all financial institutions were ranked according to interest rates and charges available at March 31 2021.
Now in its 17th year, Money magazine’s Consumer Finance Awards program compares more than 17,000 products and services to help consumers make smart financial choices. It recognises the successes of financial institutions in providing customers with top value and service in 14 key categories.
Heritage Bank CEO Peter Lock said the award further reinforced the bank’s commitment to providing members with genuine value and delivering on its people first promise.
“As a customer-owned bank, we’ve always been in the business of providing our members with genuine value through our products and services,” Mr Lock said.
“Choosing a financial institution that can accommodate people’s personal situations can make a big difference to their savings and financial security.
“This is something that’s becoming more and more top of mind with the unpredictable disruptions caused by COVID over the past 18 months.
“To be receive this award is fantastic recognition that we are responding to the needs of our members by continuing to provide them with great value in a challenging economic climate.”