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Heritage Bank Target Bonus

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.

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0.46% p.a.

Maximum variable rate


Base interest rate


Minimum deposit

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Product NameHeritage Bank Target Bonus
Maximum Variable Rate0.46% p.a.
Standard Variable Rate0.01% 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


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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