Heritage Bank Term Deposit Rates

Posted on3/29/2022by admin

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Savings & Checking Rates

For more information about our interest rates and products phone our Queensland based Contact Centre on 13 14 22 or drop into your local Heritage Bank branch. You can find out more information about types of interest rates, including variable, fixed, partially-fixed and introductory rates. Key features With the Heritage Bank Term Deposit you’ll be able to invest as little as $1,000 for between one month and five years. You’ll also be looking at rates of between 0.20% p.a. Certificates of Deposit (CDs) If you want your cash to grow faster with very little risk, a CD is a smart option. CDs are timed deposits, meaning you agree to park your money for a predetermined period of time, or term. In general, the longer the term. Heritage Building Society was established in 1981 and is Australia’s largest building society. It is based in Toowoomba, Queensland and mainly operates in the Darling Downs region. Large deposits can be insured for more than $250,000. Allow one of our professionals to show you how we can help. To find out more about CDs with Heritage Bank contact a Customer Service.

Today’s Date is March 6th, 2021

EFFECTIVE SINCE Friday February 19, 2021

eCentive Account

Checking & debit card account with premium rates when qualifications are met (learn more)
$100 minimum opening deposit ~ interest compounds monthly

Qualifying balances $0.01 – $25,000¹ 1.02% APY² (Interest Rate: 1.01%)
Qualifying balances $25,000.01 and greater¹0.19% APY²
Base Interest Rate (non-qualifying) 0.05% APY²

Jumbo Deposit Account

High interest savings rate for large balance accounts (learn more)
$1,000 minimum opening deposit ~ interest compounds monthly

$230,000 min. balance for APY 0.37% APY²
$100,000 min. balance for APY 0.19% APY²
$0.01 min. balance for APY 0.03% APY²

Heritage Direct Savings Account

Competitive savings rate exclusively for Digital Banking customers (learn more)
$1,000 minimum opening deposit ~ interest compounds monthly

$1,000 min. balance for APY 0.19% APY²

FlexGold Account

Tiered savings account for savers large and small (learn more)
$1,000 minimum opening deposit ~ interest compounds monthly

$199,000 min. balance for APY 0.19% APY²
$99,000 min. balance for APY 0.15% APY²
$50,000 min. balance for APY 0.14% APY²
$25,000 min. balance for APY 0.05% APY²
$1,000 min. balance for APY 0.01% APY²

Universal Savings Account

A basic savings account (learn more)
$50 minimum opening deposit ~ interest compounds quarterly

$0.01 min. balance for APY 0.05% APY²

Health Savings Account (HSA)

Designed for use with a high deductible health plan (learn more)
$50 minimum opening deposit ~ interest compounds monthly

$10,000 min. balance for APY 0.16 APY²
$5,000 min. balance for APY 0.11% APY²
$2,500 min. balance for APY 0.06% APY²
$1,000 min. balance for APY 0.03% APY²
$0.01 min. balance for APY 0.01% APY²

Legacy Checking

Traditional interest bearing checking account (learn more)
$1,000 minimum opening deposit ~ interest compounds monthly

$1,000 min. balance for APY 0.04% APY²

Stop in to any branch location to open a Legacy Checking Account.

Certificate of Deposit (CD) Rates

EFFECTIVE SINCE Friday February 19, 2021

Triple Option CD

A certificate of deposit with flexibility (learn more)
Rates also apply to IRAs

Term	$2,000 Min. Balance³ for APY⁴	$10,000 Min. Balance³ for APY⁴	$25,000 Min. Balance³ for APY⁴	$75,000 Min. Balance³ for APY⁴
6 Month	0.14%	0.14%	0.14%	0.14%
12 Month	0.18%	0.18%	0.18%	0.18%
24 Month	0.24%	0.24%	0.24%	0.24%
36 Month	0.24%	0.26%	0.28%	0.30%
48 Month	0.24%	0.26%	0.28%	0.30%
60 Month	0.26%	0.28%	0.30%	0.32%

CDs not available for new accounts

Term	$2,000 Min. Balance³ for APY⁴	$10,000 Min. Balance³ for APY⁴	$25,000 Min. Balance³ for APY⁴	$75,000 Min. Balance³ for APY⁴
Triple Option CD – 3 Month	0.08%	0.08%	0.08%	0.08%
Option Plus CD – 36 Month	0.09%	0.11%	0.13%	0.15%
Option Plus CD – 48 Month	0.09%	0.11%	0.13%	0.15%
Option Plus CD – 60 Month	0.11%	0.13%	0.15%	0.17%

Indian Bank Term Deposit Rates

¹ Must meet monthly requirements to receive qualifying interest rates. Once you meet the monthly qualifications, interest will be recalculated at the appropriate interest rate and eligible fees will be refunded.

² APY = annual percentage yield. Fees may reduce earnings. Interest rate may change after the account is opened.

³ Minimum balance to open the account and to obtain the stated APY

⁴ APY = annual percentage yield. Fees may reduce earnings.

The current 91-Day T-Bill interest rate is at .03% effective 03/01/2021

Here. For Neighbors Ready To Put Their Money To Work.

Deposit Accounts

Deposit Rates - Effective October 20, 2020

Money Market Accounts
Deposit Amount	Interest Rate	Annual Percentage Yield (APY)*
$0.01 - $9,999.99	0.05%	0.05%
$10,000.00 - $24,999.99	0.10%	0.10%
$25,000.00 and over	0.15%	0.15%

NOW Accounts and Heritage 50
Deposit Amount	Interest Rate	Annual Percentage Yield (APY)*
$0.01 - $9,999.99	0.05%	0.05%
$10,000.00 - $24,999.99	0.10%	0.10%
$25,000.00 and over	0.15%	0.15%

Legacy Small Business Checking Account
Deposit Amount	Interest Rate	Annual Percentage Yield (APY)*
$10,000.00 and over no interest is paid on balances less than $10,000.00	0.10%	0.10%

Savings Accounts
Deposit Amount	Interest Rate	Annual Percentage Yield (APY)*
$100.00 and over no interest is paid on balances less than $100.00	0.05%	0.05%

IRA Savings Account
Deposit Amount	Interest Rate	Annual Percentage Yield (APY)*
$0.01 and over	0.10%	0.10%

Bank Of Heritage Isle Term Deposit Rates

Certificates of Deposit

CODs
Term	Minimum Deposit to Open	Interest Rate	Annual Percentage Yield (APY)*	Early Withdrawal Penalty
7-31 Days	$1,500.00	0.10%	0.10%	1/2 of Term
32-90 Days	$1,500.00	0.15%	0.15%	15 Days
91-181 Days	$1,500.00	0.20%	0.20%	45 Days
182-364 Days	$1,500.00	0.25%	0.25%	3 Months
12 Months	$500.00	0.35%	0.35%	6 months
18 Months	$500.00	0.40%	0.40%	9 months
24 Months	$500.00	0.50%	0.50%	12 months
36 Months	$500.00	0.55%	0.55%	18 months
48 Months	$500.00	0.55%	0.55%	24 months
60 Months	$500.00	0.60%	0.60%	30 months

*Annual Percentage Yields (APY’s) are accurate as of 10/20/2020. $50 minimum deposit required to open a checking or savings account. Rates may change after account opening. Fees may reduce earnings. On Certificates of Deposit, an early withdrawal penalty will apply, as noted on each product above.