Compare Heritage Bank Savings Accounts

In 1981, two of Australia’s oldest building society’s merged to form the Heritage Building Society. It has grown over the last three decades to become one of the largest customer-owned banks in Australia.

• Savings Accounts Interest Rates
• Transaction Accounts
• Term Deposits Interest Rates
• Specialist Accounts

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Finder Score (low-high)Finder Score (high-low)Maximum Variable Rate p.a. (low-high)Maximum Variable Rate p.a. (high-low)Base interest rate (low-high)Base interest rate (high-low)Intro/Ongoing (low-high)Intro/Ongoing (high-low)

Product	Finder Score	Maximum Variable Rate p.a.	Base interest rate	Intro/Ongoing	Government Guarantee	Monthly Max Rate Conditions
Heritage Bank Online Saver	Finder score 6.3 Standard	Maximum Variable Rate p.a. 4.65%	Standard Variable Rate p.a. 3.10%	Intro/Ongoing 4 months	Government Guarantee	Monthly Max Rate Conditions Balances up to $100,000	ContinueView details Compare	loading Fetching your data...
Heritage Bank Target Bonus	Finder score 7.4 Great	Maximum Variable Rate p.a. 4.15%	Standard Variable Rate p.a. 0.01%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Make at least one deposit No withdrawals	Eligibility criteria applies to join this bank - click 'View details' to learn more.	ContinueView details Compare	loading Fetching your data...
Heritage Bank Christmas Club	Finder score 3.7 Basic	Maximum Variable Rate p.a. 1.75%	Standard Variable Rate p.a. 1.75%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions N/A	ContinueView details Compare	loading Fetching your data...
Heritage Bank Pension Plus	Finder score 4.5 Basic	Maximum Variable Rate p.a. 2.15%	Standard Variable Rate p.a. 2.15%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions N/A	ContinueView details Compare	loading Fetching your data...
Heritage Bank Farm Management	Finder score 4.6 Basic	Maximum Variable Rate p.a. 2.25%	Standard Variable Rate p.a. 2.25%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions N/A	Ongoing, variable 2.25% p.a. when you link to another account with Heritage Bank. Available on balances $1,000 to $800,000	ContinueView details Compare	loading Fetching your data...

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How the Finder Score helps you find a better savings account

The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.

We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?

Read the full Finder Score breakdown

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Monthly fee (low-high)Monthly fee (high-low)Own network ATM fee (low-high)Own network ATM fee (high-low)Card type (low-high)Card type (high-low)

Name	Monthly fee	Govt. Guarantee	Own network ATM fee	Card type
Heritage Bank Simply Access Apple Pay Google Pay Samsung Pay Garmin Pay	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type Visa	ContinueMore Info Compare
Heritage Bank Pension Plus Apple Pay Google Pay Samsung Pay Garmin Pay	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type Visa	ContinueMore Info Compare
Heritage Bank Mortgage Crusher Apple Pay Google Pay Samsung Pay Garmin Pay	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type Visa	ContinueMore Info Compare
Heritage Bank Club Cheque Account N/A	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type No Debit card	ContinueMore Info Compare

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3 Mths p.a. (low-high)3 Mths p.a. (high-low)4 Mths p.a. (low-high)4 Mths p.a. (high-low)5 Mths p.a. (low-high)5 Mths p.a. (high-low)6 Mths p.a. (low-high)6 Mths p.a. (high-low)7 Mths p.a. (low-high)7 Mths p.a. (high-low)11 Mths p.a. (low-high)11 Mths p.a. (high-low)12 Mths p.a. (low-high)12 Mths p.a. (high-low)24 Mths p.a. (low-high)24 Mths p.a. (high-low)

Name	3 Mths p.a.	4 Mths p.a.	5 Mths p.a.	6 Mths p.a.	7 Mths p.a.	11 Mths p.a.	12 Mths p.a.	24 Mths p.a.
Heritage Bank Term Deposit $1,000 min. deposit	3 Mths p.a. 3.95%	4 Mths p.a. 4.65%	5 Mths p.a. 3.60%	6 Mths p.a. 4.45%	7 Mths p.a. 3.95%	11 Mths p.a. 4.15%	12 Mths p.a. 4.25%	24 Mths p.a. 4.10%	ContinueMore Info Compare
Heritage Bank Farm Management Term Deposit $1,000 min. deposit$800,000 max. deposit	3 Mths p.a. -	4 Mths p.a. -	5 Mths p.a. -	6 Mths p.a. -	7 Mths p.a. -	11 Mths p.a. -	12 Mths p.a. 3.75%	24 Mths p.a. -	Continue Compare

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Name	Monthly fee	Govt. Guarantee	Own network ATM fee	Card type
Heritage Bank Club Cheque Account N/A	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type No Debit card	ContinueMore Info Compare
Heritage Bank Body Corporate Apple Pay Google Pay Samsung Pay Garmin Pay	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type Visa	ContinueMore Info Compare

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Who is Heritage Bank?

As a customer-owned bank, Heritage Bank doesn’t charge any account keeping fees, and allow for minimum balances from $1. To help with those who need an incentive to save, it even offers bonus interest savings accounts for meeting certain terms.

With rates that are competitive in the savings account market, Heritage Bank could be worth considering to help meet your financial goals.

• Heritage Bank SWIFT code: HBSLAU4T

What about the mobile app?

Login Page	Account Balance	Locate ATM/Branch

What transaction accounts are offered by Heritage Bank?

• Simply Access. The Simply Access account makes no monthly account keeping charges to your account, and comes with free internet and phone banking transactions. You are offered the choice of an EFTPOS card, Visa Debit card, chequebook or passbook, but be advised that there are fees for using these products.
• Pension Plus. For Australians aged 55 years or older who are on a government pension or retired, the pension plus works just like your transaction account except your money is earning a competitive interest rate. Get ATM access with a Visa debit or EFTPOS card, while paying no monthly fees.

What high interest savings accounts are offered by Heritage Bank?

• Online Saver. An interest rate comparable to what you get with big banks is calculated daily and paid monthly on balances as low as $1. This monthly fee free account is online only, with access to the money only available through a linked account that you nominate.
• Target bonus. For savings balances of at least $1, you will earn bonus interest only when you are able to make at least one deposit and no withdrawals into the account. This is an account that is free from any monthly fees, with access provided over the counter, over the phone, or online.
• Christmas Club. You are not charged any fees for this account, but it does require a $10 opening balance, and any withdrawal requests made before 1 November or after 31 January will require that the account be closed.

What term deposits are offered by Heritage Bank?

If you are interested in long term savings that doesn’t allow you to access your savings, Heritage Bank has term deposits that range from one month to five years. The minimum balance to open this type of high interest savings account is $1,000, with interest being tiered depending on how much your balance is and how long the terms are. Interest for these accounts is either paid to you at maturity or once a year for longer terms.

What are the pros and cons to banking with Heritage Bank?

How do I apply for an account with Heritage Bank?

If you think that Heritage Bank has what you need to help you save and manage your money, you can apply for any one of their savings accounts online.

• Become a member. In order to apply for any savings account with Heritage Bank, you must first become a member. This requires filling out a separate application.
• Membership fee. The bank will deduct $1 from your initial savings deposit to cover the cost of your share in the bank.
• Identity details. Be prepared to offer proof of identity documentation in order for Heritage Bank to confirm your identity and open your account.

Compare the differences between the accounts provided by Heritage Bank carefully with those that are offered by both banks and other credit unions. For your savings, you want to make sure that the accounts available to you are giving you ways to grow your savings quickly.

Written by

Shirley Liu

Publisher

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs. See full bio