Body Corporate Bank Account

Manage body corporate funds with a Body Corporate Account or a Body Corporate Special Account, specifically designed to help manage your body corporate funds.

Rates

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. 

$0

 Monthly Account Keeping Fee

$0

 Transaction Fees

Service fees may apply and are listed in our Fees and Limits Guide.

The following interest rates apply to the Body Corporate Account and are on a per annum (p.a.) basis.
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 apply to body corporate account only and are 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 20/06/2022
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