Heritage Bank has further increased returns for a range of savings products and term deposits, following the Reserve Bank’s recent decision to lift the official cash rate.
These include higher interest rates for our most popular savings accounts:
At the same time, Heritage Bank has also increased or maintained rates on all term deposit products from 1-month to 2-year terms.
Among the increases, returns on a 3-month term deposit have been lifted by 0.50% p.a. to 3.25% while 6-month deposits have been increased to 4.00% p.a.
All changes for term deposits and savings accounts will come into effective on 1 June 2023.
For any member feeling financial pressure, we have a range of policies and processes to assist. To find out more, please visit our financial hardship page.