Heritage Bank Term Deposit

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.

Up to 0.8% p.a.

Interest rate

36 months interest rate


Minimum opening deposit


Account keeping fee


Maximum deposit

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Product NameHeritage Bank Term Deposit - $1,000 or more
3 month interest rate0.30%
4 month interest rate0.30%
6 month interest rate0.30%
7 month interest rate0.30%
9 month interest rate0.55%
12 month interest rate0.65%
24 month interest rate0.70%
36 month interest rate0.80%
48 month interest rate0.80%
60 month interest rate0.80%
Minimum Opening Deposit$1,000
Minimum Age Requirement18
The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

Key features

$0 Monthly account keeping fees

There are no monthly fees, nor are there any establishment fees charged when you set up a term deposit with Heritage Bank.

Small minimum investment of $1,000

You must be able to deposit at least $1,000 for a term deposit with Heritage Bank.

Launch term deposit calculator

How to apply

Heritage Bank is a customer owned financial institution, where you must first become a member in order to take advantage of their banking products. Any Australian is invited to apply for membership, which also includes paying a shareholder fee of $1. After becoming a member, you can visit Heritage bank website and start an online application for a term deposit.


There are some other eligibility requirements you will have to meet in order to be able to proceed with the application:

  • Minimum age. There is no age requirement stated for the Heritage Bank term deposit.
  • Residency requirement. You must be able to provide a verifiable residential address in Australia.

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    Default Gravatar
    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?

      Avatarfinder Customer Care
      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.


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