Body Corporate Accounts

Manage body corporate funds with either a Body Corporate Account or a Body Corporate Special Account.

Account Features

Heritage has two accounts specifically designed for individual body corporate organisations and body corporate managers:

  • Body Corporate Account – an interest earning account; and
  • Body Corporate Special Account – earns no interest.
Both accounts function in the same way, except that one earns interest and one does not. The Body Corporate Special Account has been developed in response to body corporate groups and managers not wanting the account to earn interest for tax reasons. 

Please read the Guide to Heritage Deposit Products and the Heritage Bank Fees and Limits Guide (available in branch, or by phoning 13 14 22 or here ) and consider whether this product is right for you.

Rates
Interest Rate
working rate
term rates (in addition to working rate):
$1 to $9,999
$10,000 to $49,999
$50,000 to $249,999
$250,000 to $499,999
$500,000 or more
tiered interest rates calculated on daily balances and paid 3 monthly on the anniversary date. term rates available only on funds remaining in account for 3 months minimum.
Rates Effective From 24/08/2016
Fees

$0

 Monthly Account Keeping Fee

$0

 Transaction Fees

For Body Corporate and Body Corporate Special Account
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