Heritage Bank Target Bonus

  • Alison Banney's headshot

Updated
Heritage Bank Target Bonus

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

Compare other options
Maximum variable rate
4.15% p.a.
Base interest rate
0.01% p.a.
Minimum deposit
$1

Summary

Keep working towards your savings target and Heritage Bank will reward you with a competitive bonus rate on your balance.

The Target Bonus savings account from Heritage Bank provides you with a good incentive to keep up with your monthly deposits. With terms that are easy to meet you can accelerate your earnings with an interest rate that is competitive for a savings product. Yet for those months when an unexpected expense pops up, you can still access your money without any penalty.

Pros

  • Earn bonus interest for meeting the conditions
  • Interest calculated on minimum monthly balance
  • Passbook and statement access

Cons

  • Minimum balance required

In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name Heritage Bank Target Bonus
Maximum Variable Rate 4.15% p.a.
Standard Variable Rate 0.01% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $1
Minimum Age 18

Key features

Monthly fees

With Heritage Bank's Target Bonus account you will not be charged a monthly account keeping fee.

Interest rates

You will receive a base interest rate on balances of $5,000 or more, but when you are able to meet the bonus interest terms you receive a competitive rate on your entire balance.

How to apply

Eligibility

If you are an existing member of Heritage Bank you are able to apply for this savings product through your online banking platform. If not, you can apply for both at the same time online. Before you proceed you should first check that you are able to meet the eligibility requirements:

  • Minimum age. No age stipulation is made for who is eligible for the Target Bonus account.
  • Residency requirements. You must be a permanent Australian resident or citizen with a residential address in order to apply for this account.

Compare other savings accounts

1 - 12 of 180
Updated regularly
Finder Score Maximum Variable Rate p.a. Base interest rate Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Suncorp Bank Growth Saver Account
Suncorp Bank logo
Finder score
8.7 Great
Maximum Variable Rate p.a.
4.80%
Standard Variable Rate p.a.
0.35%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance by $200 each month (excl. interest)
  • Only 1 withdrawal
  • No balance limit on earning interest
Go to siteView details
 Get a solid interest rate on your entire balance, with minimal conditions in order to get the max rate. This account doesn’t offer card access but you can make 1 withdrawal per month & grow your net balance by $200 (excl. interest) to earn the max rate.
Ubank Save Account
Ubank logo
Finder score
9.4 Excellent
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • Savings up to $100,000
Go to siteView details
 Use code EASY30 to score $30 after 5 card purchases in your first 30 days. See terms link on the app store.
P&N Bank Savvy Saver
P&N Bank logo
Finder score
9 Excellent
Maximum Variable Rate p.a.
5.10%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • 5 Access Account debit card purchases
  • Balance under $100,000
Go to siteView details
 Get 5.1% p.a. ongoing when you deposit $500 and make 5 debit card purchases per month. Make withdrawals and still earn bonus interest.
Rabobank High Interest Savings Account
Rabobank logo
Finder score
8 Great
Maximum Variable Rate p.a.
5.45%
Standard Variable Rate p.a.
4.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
 Earn a high interest rate of 5.45% for the first 4 months and then 4% thereafter, with $0 account keeping fees and no monthly balance requirements.
Bank of Queensland Smart Saver Account - 36+ years
BOQ logo
Finder score
8.6 Great
Maximum Variable Rate p.a.
4.90%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 eligible purchases
  • Balances up to $250,000
Go to siteView details
 Aged 36+? You can earn 4.9% p.a. on balances up to $250,000 when you meet the account conditions each month.
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Finder score
8.5 Great
Maximum Variable Rate p.a.
5.15%
Standard Variable Rate p.a.
4.45%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
 Ideal for higher balances, savers can earn up to 5.15% for the first 4 months and up to 4.45% thereafter. There are no conditions and $0 account-keeping fees.
ING Savings Maximiser
ING logo
Finder score
9.7 Excellent
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
  • Balances up to $100,000
Go to siteView details
St.George Incentive Saver
St.George Bank logo
Finder score
9.1 Excellent
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
1.60%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance $50 ($0.01 if under 21)
  • Balance up to $249,999.99
Go to siteView details
 Extra 0.10% p.a. for 3 months for new customers who apply online, balances under $250k.
Macquarie Savings Account
Macquarie Bank logo
Finder score
8.8 Great
Maximum Variable Rate p.a.
5.10%
Standard Variable Rate p.a.
4.75%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
Bank of Queensland Simple Saver Account
BOQ logo
Finder score
8.5 Great
Maximum Variable Rate p.a.
4.55%
Standard Variable Rate p.a.
4.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $5,000,000
Go to siteView details
 Open up to 9 accounts to take control of your savings and don't worry about meeting fiddly conditions or paying frustrating fees.
Newcastle Permanent Smart Saver Account
Newcastle Permanent logo
Finder score
7.7 Great
Maximum Variable Rate p.a.
4.25%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance
  • No more than 2 withdrawals
Go to siteView details
Westpac Life (18-29 year olds only)
Westpac logo
Finder score
8.9 Great
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
1.60%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Make a deposit
  • Grow your balance
  • 5 debit card purchases
  • Balances up to $30,000
Go to siteView details
loading
Showing 12 of 13 results

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

Sources
  1. Heritage Bank Target Bonus information page
  2. Heritage Bank Target Bonus TMD

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Alison Finder

Editorial Manager, Money

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Avatar

Alison Banney

Editorial Manager, Money

Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

More resources on Finder
Banking
Investments
Banks
Go to site