Heartland Bank Term Deposit
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- Interest rate 12 months interest rate
- Up to 4.88% p.a.
- Minimum opening deposit
- $10,000
- Account keeping fee
- $0
- Maximum deposit
- $1,000,000
Summary
Earn up to 4.88% on a 12 month term deposit with Heartland Bank.
The Heartland Bank Term Deposit offers fixed interest rates on term lengths between one month and five years. Customers can enjoy a rate of up to 4.88% on a 12 month term. Different rates apply for different term lengths, as shown in the table below.
Pros
-
Competitive, fixed interest rates
-
No set-up fees
Cons
-
Minimum deposit of $10,000 needed for new customers and $5,000 for existing customers
Details
Key details
| Product Name | Heartland Bank Term Deposit |
| 3 month interest rate | 4.40% |
| 6 month interest rate | 4.75% |
| 9 month interest rate | 4.80% |
| 12 month interest rate | 4.88% |
| 24 month interest rate | 4.75% |
| 36 month interest rate | 4.77% |
| 48 month interest rate | 4.80% |
| 60 month interest rate | 4.85% |
| Minimum Opening Deposit | $10,000 |
| Minimum age requirement | 14 |
| Government guarantee | Yes |
Eligibility
| Minimum Age Requirement | 14 |
| Joint account availability | Yes |
| Min Deposit | $10,000 |
| Available to children | Not available for children under 14 years of age |
Sources
Your reviews
Alison Finder
Editorial Manager, Money
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Sarah Megginson Finder
February 13, 2026
Hi Mariana,
You generally need to provide 100 points worth of ID. As a reference, a birth certificate, passport and drivers licence are worth 70 points each, so two of these forms of ID would be enough. A Medicare card is worth 25 points. Hope this helps!
Heather
December 23, 2025
On opening a term deposit, does your bank withdraw the money from my nominated account instead of myself having to forward it ( online)
Angus Kidman Finder
December 23, 2025
Hi Heather, You’ll generally need to organise the transfer of funds into a term deposit yourself.
Carolyn
December 05, 2025
I have a term deposit with Heartland Bank. Can I open another one
Alison Banney Finder
December 08, 2025
Hi, yes you can open more than one term deposit account.
Thanks,
Alison
Steve
November 05, 2025
Do the interest rates apply to accounts in a business names or superfund?
Alison Banney Finder
November 05, 2025
Hi Steve,
These rates are for personal use only. Heartland Bank has different rates available for SMSFs (see here: https://www.heartlandbank.com.au/term-deposits)
Thanks,
Alison
David
March 27, 2025
When a term deposit matures how are the funds accessed/transferred?
Alison Banney Finder
March 28, 2025
Hi, the money will be transferred into your nominated Australian bank account.
Mariana
February 12, 2026
For identification purposes documents required are listed as driver’s licence, medicare card, birth certificate. Do you require all of those documents or just one?