Term Deposits & Rates | Heartland Bank

Compare 12 month term deposit rates

2.80

Heartland

2.75

SBS

2.70

ANZ

2.40

Co-operative

2.60

BNZ

2.70

Westpac

2.60

TSB

2.00

ASB

Information sourced from interest.co.nz on 24/10/2019. Comparisons shown are products with features closest to Heartland's 12 month Term Deposit, i.e. has a term of twelve months and a minimum deposit of $1000 (note the rates shown for each bank above are based on the interest rate available for the lowest minimum deposit on a twelve month term deposit).

Apply online

Fixed rate, fixed term, fixed return

Choose to invest from 30 days to five years

No set up or on-going fees

Watch your deposit grow through the Heartland Mobile App

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Savings Bank Award 2018 - 2019

We are proud to have won Canstar's Bank of the Year - Savings Award for two years in a row. This award recognises the institution that provides the strongest combination of products and services for savers in New Zealand.

3 ways to invest

Online

Complete the easy online application anytime, anywhere.

Send

Fill out an application form and email to [email protected] or post to: Retail Investments Team, PO Box 9919, Newmarket, Auckland 1149

Phone

Call us today on
0800 85 20 20

Looking for something else? Heartland Bank savings accounts are a great way to put aside your money and save for your goals. Here are a few options:

Heartland Saver

Withdraw money from your Heartland Saver account at any time
Interest calculated daily and paid monthly
Call us today on 0800 85 20 20

Heartland Savings Optimiser

Interest calculated daily and paid monthly
No penalties when you give 30 days' notice of withdrawals
Call us today on 0800 85 20 20

View all rates

Why choose Heartland?

BBB

(Outlook Stable) Credit Rating from Fitch Ratings

100%

for New Zealand

years' experience managing Kiwis' money

Questions? We have answers

What happens if I need the funds part way through the term?

You are able to request an Early Full or Partial Break, please call our Retail Investments team on 0800 85 20 20.

Can I have my interest paid monthly?

For terms of 12 months or longer with a minimum deposit of $50,000, interest can be paid out monthly to a New Zealand bank account of your choice.

What happens when the term comes to an end?

Prior to the maturity date of your Heartland Term Deposit, Heartland will give you notice to tell you that your investment is about to mature. This maturity notice will give you the option to reinvest the full balance, reinvest part of the balance or pay the matured funds into another bank account.

Can I have my interest at maturity?

Yes.

Can I have the interest paid to an account at another bank?

Yes, you can have interest paid to any New Zealand bank account of your choice.

Can I open a term deposit if I don't bank with Heartland?

Yes, you can open a term deposit account without any other Heartland account.

What's the minimum to invest?

$1,000

Will I get a letter when my deposit and interest are due?

Yes, we will send a maturity notice prior to your Term Deposit maturing.

View our Heartland Account & Service fee guide

View service fee guide

Read our Credit Rating and find out how it relates to you

View credit rating

Go to our Documents and Forms page to view and download

View documents & forms

Summary of Terms & Conditions for our investment accounts

View terms & conditions

Can't find what you're looking for?

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

Talk to our friendly staff about the right option for you, or click here for a copy of our latest Disclosure Statement, brochures, product fact sheets and application forms.
Rates are subject to change. Terms and conditions are available here.

Term Deposits

Make your funds work for you.

Let's get started.