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Beware of a fraudulent scam offering Heartland Bank bonds and term deposits - read more.

Interest Rates

Rates are current as at Wednesday, 6 December 2023. All rates are subject to change without notice. Check out our current special rates.

Call and Savings Account Interest Rates (paid monthly)

Call Accounts % p.a.
Heartland Digital Saver Account 5.00 Apply
Heartland Direct Call Account 4.60 Apply
Heartland Business Call Account 4.60 Enquire
Savings Accounts % p.a.
32 Day Notice Saver 5.25 Apply
90 Day Notice Saver 5.50 Apply

YouChoose Account Interest Rates *

Account Interest Rate Overdraft Interest Rate
YouChoose Account 0.50 10.00 Learn More

* View our YouChoose Rates, Fees, and Terms here

Term Deposit Interest Rates

Term Interest Rate Interest frequency†
1 mth 2.50 on maturity Apply
2 mths 2.70 on maturity Apply
3 mths 4.25 on maturity Apply
4 mths 5.50 3 monthly Apply
5 mths 6.00 3 monthly Apply
6 mths 6.05 3 monthly Apply
9 mths 6.15 3 monthly Apply
12 mths 6.30 3 monthly Apply
15 mths 5.90 3 monthly Apply
18 mths 6.10 3 monthly Apply
2 years 6.10 3 monthly Apply
3 years 5.85 3 monthly Apply
4 years 5.75 3 monthly Apply
5 years 5.65 3 monthly Apply

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

Heartland Term PIE Interest Rates

Term Interest Rate Interest frequency
6 mths 6.05 Quarterly Learn More
9 mths 6.15 Quarterly Learn More
12 mths 6.30 Quarterly Learn More
15 mths 5.90 Quarterly Learn More
18 mths 6.10 Quarterly Learn More
24 mths 6.10 Quarterly Learn More
36 mths 5.85 Quarterly Learn More
48 mths 5.75 Quarterly Learn More
60 mths 5.65 Quarterly Learn More

Heartland Cash PIE Interest Rates

Cash PIE % p.a.
Cash PIE Interest Rates 4.60 Learn More

Transactional Account Interest Rates (paid monthly)

Heartland Everyday Account (personal customers) % p.a.
Up to $10,000 0.05
$10,000 to $49,999 0.10
$50,000 to $99,999 0.10
$100,000 to $249,999 0.15
$250,000 + 0.20
Child & Teen - available to Depositors under the age of 21 % p.a.
All deposits 0.50
Community - available to clubs groups and organisations that qualify for non-profit status. % p.a.
Up to $5,000 0.10
$5,000 + 0.50
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What you need to know about Heartland Deposits

  • These rates are subject to change without notice. Minimum term deposit investment $1,000. Maximum $5,000,000.

  • 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.

  • Savings and transactional interest rates apply to the full daily account balance and interest is credited monthly.

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

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

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

  • The Heartland Term and Cash 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 Term and Cash PIE Fund invests in Heartland Bank. For more information on Heartland Bank's credit rating, click here.

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

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

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

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