Heritage Bank Term Deposit
- Interest rate 6 months interest rate
- Up to 4.65% p.a.
- Minimum opening deposit
- $1,000
- Account keeping fee
- $0
Summary
Invest from as little as $1,000 with some of the best term deposit rates in the market.
The Heritage Bank term deposit guarantees a fixed interest rate so you know what your investment is worth. You can invest from as little as $1,000. You can choose to have your interest paid on maturity, up-front, fortnightly (for aged pension receivers), monthly, quarterly, half-yearly or yearly.
Pros
-
Low minimum investment of $1,000
-
$0 Account keeping fees
-
Wide ranges of terms from from 1 month to 5 years
Cons
-
A reduced interest rate will apply if you withdraw a portion or all of your investment before maturity
Details
Key details
| Product Name | Heritage Bank Term Deposit |
| 3 month interest rate | 3.95% |
| 4 month interest rate | 3.60% |
| 6 month interest rate | 4.65% |
| 7 month interest rate | 3.95% |
| 9 month interest rate | 4.45% |
| 12 month interest rate | 4.40% |
| 24 month interest rate | 4.10% |
| 36 month interest rate | 3.90% |
| 48 month interest rate | 3.90% |
| 60 month interest rate | 3.90% |
| Minimum Opening Deposit | $1,000 |
| Minimum age requirement | 18 |
| Government guarantee | Yes |
Eligibility
| Minimum Age Requirement | 18 |
| Joint account availability | Yes |
| Min Deposit | $1,000 |
| Available to children | Not available for children |
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Your reviews
Alison Finder
Editor
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Harold Jacob Finder
May 26, 2017
Hi Bob,
Thank you for your inquiry.
Please check our list of SMSF term deposits. You’ll find a list of SMSF term deposits on our comparison table. The same page also comes with a guide about how to apply for an SMSF term deposit online.
I hope this information has helped.
Cheers,
Harold
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Bob
May 25, 2017
What is the best term deposit rate for 12 months for a smsf for $200,000 current term deposit due 2nd of June?