Interest is scheduled to be paid on the quarterly Interest Payment Date (20 March, 20 June, 20 September, 20 December each year) until the Maturity Date or any earlier Redemption date. If any of these scheduled dates is not a Business date, then the Interest Payment Date will be the next scheduled Business Day.
The Maturity Date will be the fifth anniversary of the Issue Date unless Heritage Bank exercises any business right it may have to Redeem the Heritage Bank Retail Bonds earlier.
* Based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.