In this guide

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

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Heritage Bank Target Bonus

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Maximum variable rate
4.40% 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 4.40% p.a.
Standard Variable Rate 0.01% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $1

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.

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