Savings and Deposits
Save in a way that suits you
Want great returns on your hard-earned savings? Choose the right product for your savings needs, and we'll help you make the most of your money.
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NOTICE SAVERS
90 Day Notice Saver3.50
% p.a.- Access your funds with notice
- Add funds anytime
- Higher rate than our Call accounts, with some flexibility
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DIRECT CALL
2.25
% p.a.- No set-up costs or monthly fees
- Our most flexible call account
- Make payments to any NZ bank account
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CASH PIE
2.75
% p.a.- Tax benefit for higher earners
- No set-up costs or monthly fees
- Unlimited withdrawals to one nominated account
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DIGITAL SAVER
2.75
% p.a.- Our highest on-call rate
- Add and withdraw funds anytime
- Unlimited withdrawals to one nominated account
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BUSINESS CALL
2.25
% p.a.- No set-up costs or monthly fees
- Earn interest with on-call business funds
- Unlimited withdrawals to one nominated account
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YouChoose
0.50
% p.a.- EFTPOS card provided
- Add and withdraw funds anytime
- Fee-free payments to any NZ bank account
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TERM DEPOSITS
12 month term3.65
% p.a.- Competitive fixed term rates
- Interest paid quarterly
- No set-up costs or monthly fees
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TERM PIE
12 month term3.65
% p.a.- Tax benefit for higher earners
- Interest paid quarterly
- Competitive fixed term rates
Why save with Heartland?
Got questions?
- Can I open an account online?
- Yes. Existing customers can open our Call, Savings, Term Deposit, and PIE accounts through Heartland Digital or the Heartland Mobile App. New customer can open an account online, through our website application.
- Are Heartland Bank savings and deposits accounts protected under the Depositor Compensation Scheme?
- Yes. The Depositor Compensation Scheme (DCS) covers eligible depositors up to $100,000 held in DCS-protected accounts. Find out more
- Can I choose the income tax rate that applies to my savings account?
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Yes. An individual, company or trust can specify the income tax rate at which tax is deducted from the credit interest paid on their savings accounts (including the new 39% top rate of income tax). If you have not told us which tax rate to apply, we will generally apply the default rate of 33% to individuals and trusts and 28% to companies. However we have to apply a tax rate of 45% if we do not have your IRD number (even if you choose a lower rate). Further details can be found at www.ird.govt.nz/income-tax/withholding-taxes/resident-withholding-tax-rwt/using-the-right-rwt-tax-rate
If you would like to update your tax details, please send us a secure message in the Heartland Mobile App or internet banking, email our team or call us on 0800 85 20 20. We are here to help. - What is Heartland Bank’s credit rating?
- In October 2024 Fitch Ratings affirmed Heartland Bank's Credit Rating at BBB with outlook "Stable". A rating of BBB from Fitch Ratings is ‘investment grade’. You can read more about our rating here.
- Is Heartland Bank a finance company?
- No, Heartland Bank became a registered bank in December 2012. We were the first New Zealand registered bank to be listed on the NZX Main Board.
- Do I have to come into a retail office to open an account or deposit funds?
- No, you don’t need to visit an office to open an account. All banking activities can be done online and over the phone.
Canstar's Savings Bank of the Year
We are very proud to be awarded Canstar’s Bank of the Year - Savings for the eighth consecutive year! This achievement is awarded to the institution that provides the strongest combination of products, accounting for the price positioning, features, savings tools and flexibility of the products assessed within Canstar’s Savings Account Star Ratings profiles, as well as supporting savers through a competitive Term Deposit offering.
Our savings and deposits accounts are DCS-protected.
The Depositor Compensation Scheme (DCS) covers eligible depositors up to $100,000 held in DCS-protected accounts. Find out more.Can't find what you're looking for?
We have a great team standing by to answer any of your investment questions.
Contact us