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Heritage Bank Term Deposit (minimum investment of $5,000)

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Invest $5,000 or more for a term length between one month to five years and earn a fixed interest rate.

Take advantage of the Heritage Bank award winning term deposit and get a fixed rate of return when you invest for an agreed period of time. Heritage Bank offer the below term deposit rates when you invest $5,000 or more and you meet the interest payment conditions outlined below.

Up to 1.05% p.a.

Interest rate

24 months interest rate


Minimum opening deposit


Account keeping fee


Maximum deposit

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Product NameHeritage Bank Term Deposit ($5000)
3 month interest rate0.80%
4 month interest rate0.80%
6 month interest rate0.80%
7 month interest rate0.80%
9 month interest rate0.80%
12 month interest rate1.00%
24 month interest rate1.05%
36 month interest rate1.05%
48 month interest rate1.05%
60 month interest rate1.05%
Minimum Opening Deposit$5,000
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

High minimum investment amount of $5,000

Deposit $5,000 or more to take advantage of the Heritage Bank fixed term deposit rates.

How is my interest paid?

  • For terms 12 months and less: Interest is paid at maturity.
  • For terms more than 12 months: Interest is paid annually.

Launch term deposit calculator

How to apply

You can apply online for the Heritage Bank Term Deposit and it takes less than 15 minutes to complete.


The following eligibility requirements apply:

  • Minimum deposit. Deposit at least $5,000 to receive the above Heritage Bank term deposit rates.
  • Minimum age. You must be 18 or older to open this term deposit account.

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  1. Default Gravatar
    May 5, 2017

    Do you need to already hold an account with Heritage in order to open up a Heritage Bank term deposit account?

    • Avatarfinder Customer Care
      May 5, 2017

      Hi Pat,

      Thank you for your enquiry.

      You do not need to be a current account holder with Heritage Bank to open up a Heritage Bank Term Deposit account.

      You may apply online for the term deposit account by going to Heritage Bank’s homepage and verify your identity with Heritage Bank before your term deposit account can be created. You can complete the identity verification process online by entering your driver’s licence, Medicare card, proof of age card or passport details.

      Kind regards,

  2. Default Gravatar
    April 19, 2017

    Please advise term deposit interest rate for $650,000 for both 3 months and 6 months

    • Avatarfinder Customer Care
      April 19, 2017

      Hi Chris,

      Thanks for your question.

      The interest rate for Heritage Bank term deposit accounts for 3 and 6 months is 6% p.a.

      You may also compare other term deposit accounts here.


  3. Default Gravatar
    July 18, 2016

    Please advise term deposit rate for $200,000 for 3 months and for 4 months thank you.

    • Avatarfinder Customer Care
      July 18, 2016

      Hi Charles,

      Thanks for your question.

      For a 3-month term the interest on your deposit is 2.75%. For a 3-month term the interest on your deposit is 2.65%. You can also view this information in our product details table.

      Hope this helps.


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