Interest Rates

Term Deposit Interest Rates

Term <$20,000 %p.a >$20,000 %p.a Interest frequency*
1 mth 2.15 2.25 on maturity
2 mths 2.15 2.25 on maturity
3 mths 3.00 3.10 on maturity
5 mths 3.55 3.55 on maturity
6 mths 3.30 3.30 3 monthly
9 mths 3.70 3.70 3 monthly
12 mths 3.40 3.40 3 monthly
15 mths 3.30 3.40 3 monthly
18 mths 3.30 3.40 3 monthly
2 years 3.30 3.40 3 monthly
3 years 3.60 3.70 3 monthly
4 years 3.65 3.75 3 monthly
5 years 3.70 3.80 3 monthly

*For terms of 12 months or longer with a minimum deposit of $50,000, interest can be direct credited to a bank account monthly.

Negotiated rates are available for amounts over $250,000. Please call us on 0800 85 20 20 for a quote.

Transactional Account Interest Rates (interest monthly)

Heartland Everyday Account (personal customers) % p.a.
Up to $10,000 0.10
$10,000 to $49,999 0.15
$50,000 to $99,999 0.20
$100,000 to $249,999 0.25
$250,000 plus 0.50
Child & Teen - available to Depositors under the age of 21 % p.a.
All deposits 1.25
Community - available to clubs groups and organisations that qualify for non-profit status. % p.a.
Up to $5,000 0.75
$5,000 plus 1.00

Call and Savings Account Interest Rates (interest monthly)

Call Account % p.a.
Heartland Direct Call Account 2.75
Heartland Business Call Account 2.50
Savings Account % p.a.
Heartland Saver 1.75
Heartland Savings Optimiser 1.85

Heartland Term PIE Interest Rates

Term <$20,000 %p.a >$20,000 %p.a Interest frequency*
6 months 3.30 3.30 3 monthly
9 months 3.70 3.70 3 monthly
12 months 3.40 3.40 3 monthly
15 months 3.30 3.40 3 monthly
18 months 3.30 3.40 3 monthly
24 months 3.30 3.40 3 monthly
36 months 3.60 3.70 3 monthly
48 months 3.65 3.75 3 monthly
60 months 3.70 3.80 3 monthly

Heartland Cash PIE Interest Rates

Cash PIE % p.a.
Cash PIE Interest Rates 2.00

What you need to know about Heartland Deposits

  • "past maturity rate" of 1.00% p.a. may apply to Term Deposits which are not reinvested or repaid on their maturity date.

  • These rates are subject to change without notice. Minimum Term Deposit investment $1,000. For investments of $250,000 or more, negotiated rates may be available.

  • Interest accrues and is payable daily in arrears on the principal amount of any unarranged overdraft on a transactional account or a savings account at Heartland Bank's prevailing interest rate for unarranged overdrafts, currently 26.70% p.a. This interest may be debited by Heartland Bank to the relevant overdrawn account and then immediately forms part of the prinicipal amount of the unarranged overdraft.

  • For further details about Heartland Deposits see Heartland Bank's Disclosure Statement and Product Fact Sheets that are available here or by calling 0800 85 20 20.

What you need to know about the Heartland Cash and Term PIE Fund

  • For details of the Heartland Cash and Term PIE Fund offer refer to the current Heartland Cash and Term PIE Fund Product Fact Sheet. Call 0800 85 20 20 or click here to obtain a copy.

  • Minimum investment for the Heartland Cash and Term PIE Fund is $1,000. Rates subject to change without notice.

  • The Heartland Cash and Term PIE Fund does not have a credit rating. Heartland Bank has a credit rating of BBB (Outlook Stable) from Fitch Ratings. Heartland Bank's credit rating is only relevant insofar as the Heartland Cash and Term PIE Fund invests in Heartland Bank. For more information on Heartland Bank's credit rating, click here.

  • The manager of the Heartland Cash and Term PIE Fund is Heartland PIE Fund Limited, a subsidiary of Heartland Bank.

  • No other person (including Heartland Bank) guarantees the obligations of the Heartland Cash and Term PIE Fund.

Rates are subject to change. Terms and conditions are available here.