Rates are current as at Thursday, 16 August 2018. All rates are subject to change without notice.
Call and Savings Account Interest Rates (interest monthly)
|Savings Account||% p.a.|
|Heartland Savings Optimiser||1.85|
Term Deposit Interest Rates
† 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.
Heartland Term PIE Interest Rates
|Term||<$20,000 % p.a.||$20,000+ % p.a.||Interest frequency†|
|6 months||3.45||3.45||3 monthly|
|9 months||3.50||3.60||3 monthly|
|12 months||3.60||3.60||3 monthly|
|15 months||3.50||3.60||3 monthly|
|18 months||3.60||3.70||3 monthly|
|24 months||3.70||3.80||3 monthly|
|36 months||3.75||3.85||3 monthly|
|48 months||3.90||4.00||3 monthly|
|60 months||3.90||4.00||3 monthly|
Heartland Cash PIE Interest Rates
|Cash PIE||% p.a.|
|Cash PIE Interest Rates||2.00|
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|
|Child & Teen - available to Depositors under the age of 21||% p.a.|
|Community - available to clubs groups and organisations that qualify for non-profit status.||% p.a.|
|Up to $5,000||0.75|
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.
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
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.