Following the Reserve Bank’s recent decision, we're increasing our existing home, investment and business variable rate loans by 0.25% p.a. from 13 October 2026. Find out more.
We're running scheduled maintenance from 10.00pm Wednesday 14 October to 5.00am Thursday 15 October (AEST). Our Mobile Banking App, Internet Banking and Phone Banking will be unavailable during this time. Learn more.
Interest rate changes effective 27 April 2022
Heritage Bank is making changes to fixed home loan and business lending interest rates effective Wednesday 27 April, 2022.
The rate changes are as follows:
HOME LOANS – new lending, switches and refixes
- Increase Owner Occupied Fixed interest rates by 0.35-0.40%
- Increase Investor principal and interest Fixed interest rates by 0.35-0.40%
- Increase Investor interest only Fixed interest rates by 0.35-0.40%
BUSINESS LENDING
- Increase Fully Drawn Loan – Fixed residential security and non-residential security interest rates by 0.35-0.40%
- Increase Fully Drawn Loan – Fixed SMSF residential and non-residential security interest rates by 0.35-0.40%
These changes are coming in to maintain the best interests of our customers overall. Our interest rate changes are implemented to ensure good pricing benefits for depositors and borrowers.
As a customer-owned bank, Heritage puts the best interest of members first. Unlike the big listed banks, we only aim to make a modest profit each year and then reinvest those funds into providing better products and services to all members. None of our profits are paid out to shareholders like the big listed banks.
You can find more information on our rates available at our interest rates page.
