Compare Heritage Bank Savings Accounts

Heritage Bank brands themselves as putting "People First" for over 135 years.

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Heritage Bank

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.

Heritage Bank savings accounts, bank accounts and term deposits

Heritage Bank savings accounts

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Finder Score Maximum interest rate Base interest rate Max rate type & duration Monthly max rate conditions
Heritage Bank logo
Finder score
Finder score
Maximum Variable Rate p.a.
4.00%
Standard Variable Rate p.a.
2.45%
Intro/Ongoing
4 month intro rate
Balance $1 to $100,000
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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?

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Want more interest on your savings?

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Heritage Bank bank accounts

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Finder Score Monthly fee Govt. Guarantee Own network ATM fee Card type
Heritage Bank logo
Finder score
Heritage Bank Simply Access
Apple Pay Google Pay Samsung Pay Garmin Pay
Finder score
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More info
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Heritage Bank logo
Finder score
Heritage Bank Mortgage Crusher
Apple Pay Google Pay Samsung Pay Garmin Pay
Finder score
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
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Finder Score for bank accounts

We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.

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Looking for a better bank account?

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Heritage Bank term deposits

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Finder Score 3 Mths p.a. 6 Mths p.a. 10 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Heritage Bank logo
Finder Score
Heritage Bank Term Deposit
$1,000 min. deposit
Finder Score
3 Mths p.a.
3.65%
6 Mths p.a.
3.95%
10 Mths p.a.
3.55%
12 Mths p.a.
3.55%
24 Mths p.a.
3.40%
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Finder Score for term deposits

Finder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.

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Lock in a great rate

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

Pros

  • Flexibility. With savings products to suit specific needs, you can easily find one to meet yours.
  • Bonus incentives. For Australians who need help with saving, having the incentive to save wisely to earn higher interest could offer the right incentive.
  • No fees. With no special terms to meet, none of the savings accounts offered by Heritage Bank charge a monthly fee.

Cons

  • Limited ATMs. The Heritage Bank ATM network is not nearly as extensive as what you find with larger banks. You may be charged a fee by the ATM operator each time you use an ATM outside of the Heritage Bank network.

How to apply for a Heritage Bank savings account

Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.

Compare other products from Heritage Bank

Sources

Shirley Liu's headshot
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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

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Read more on Bank Accounts

  • Heritage Bank Target Bonus

    Accelerate your savings growth with easy to meet terms that help you earn bonus interest every month.

  • Heritage Bank Online Saver

    Watch your savings grow online with a high interest savings account that allows you to make withdrawals and deposits at call.

  • Heritage Bank Term Deposit

    A flexible term deposit from Heritage Bank allows savers both big and small to grow their money with competitive interest rates.

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