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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.

A couple review their Heartland savings and deposit acounts online

    Get great interest and access your funds with just 90 days’ notice.


    % p.a.
    • No need to switch banks
    • Open an account in minutes
    • Competitive interest rate
    Find out more

    Get great interest and access your funds with just 32 days’ notice.


    % p.a.
    • No need to switch banks
    • Open an account in minutes
    • Competitive interest rate
    Find out more
  • Direct call

    Market-leading rate for ‘no strings attached’ call account.


    % p.a.
    • No fees
    • No withdrawal penalty or minimum balance
    • Withdrawals to any NZ bank account
    Find out more
  • YouChoose

    Earn competitive interest while still making transactions.


    % p.a.
    • EFTPOS card included, and overdraft available
    • No fees
    • No minimum balance or limit on transactions
    Find out more

    Get business funds on call and earn interest on every dollar.


    % p.a.
    • No fees, no minimum balance
    • Unlimited withdrawals to one nominated account
    • Complements transactional bank account

    Competitive rates and flexible investment terms to suit you. Get up to

    12 month term4.20

    % p.a.
    • Terms between 30 days and five years
    • No fees
    • Watch your deposit grow in the Heartland Mobile App

    Make investments in a tax-efficient way. Get up to

    12 months term4.20

    % p.a.
    • Choose between fixed or variable rates
    • Invest for between six to 60 months
    • Tax on returns capped at 28%

Got questions?

Yes - new customers can open a YouChoose, Notice Saver, or Direct Call Account, online or by downloading the Heartland Mobile App.

Existing customers can open accounts and Term Deposits by logging in to Heartland Digital or the Heartland Mobile App.
No, the New Zealand Government does not guarantee deposits made by customers with any of the banks in New Zealand.
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

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.
Heartland’s most recent credit rating (May 2020) is BBB (Outlook Stable) from Fitch Ratings. A rating of BBB from Fitch Ratings is ‘investment grade’. You can read more about our rating here.
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.
No, you don’t need to visit an office to open an account. All banking activities can be done online and over the phone.

Savings Bank Award 2018 - 2022

We are very proud to be awarded Canstar's Bank of the Year – Savings for the fifth 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.

It’s better banking with our app

Take control of your banking with the Heartland Mobile App. Manage your accounts on the go where and when you want.

Can't find what you're looking for?

We have a great team standing by to answer any of your investment questions.

Contact us
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