Heritage Finance Holdings Corporation is currently reviewing its position in relation to the RBA’s decision on 6 September to increase the Official Cash Rate. We'll make an announcement here as soon as we finalise our decision.
Term Deposits
Lock in your savings for 1 month or up to 5 years with a term deposit, and know exactly what your investment is worth ahead of time.
About this Rate
The rate shown is for new 12 month term deposits for $1,000 or more for interest paid at maturity.
To calculate the difference in interest between different terms, use our Term Deposit Calculator.
Rates are on a per annum basis and subject to change without notice.
Term deposit features
- Investments from as little as $1,000
- Terms from 1 month up to 5 years
- No set up or establishment fees^
- Interest can be paid on maturity, up front, fortnightly, monthly, quarterly, half yearly, or yearly. Conditions & interest rate adjustments apply
- Backed by the Government Deposit Guarantee for deposits up to $250,000
- Open online now or at your local branch
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Interest Rate Adjustments
A reduced rate of interest will be paid for early maturity and interest payment methods other than at maturity and yearly.
| Interest paid | Deduction from quoted interest rates |
Up front
Only available for terms up to 12 months |
0.05% p.a. |
Fortnightly
Only available if you are 55 years or over and retired or eligible for a pension or hold a seniors card. |
0.05% p.a. |
| Monthly or quarterly | 0.05% p.a. |
| Half yearly | 0.05% p.a. |
Early withdrawal rate / Early maturity
Should you decide to withdraw or transfer part or all of the account balance of your term deposit after the grace period has expired but before the maturity date, you can discuss this request with one of our specialists at your local branch or call us on 13 14 22. Any withdrawal outside the grace period or before maturity will be subject to conditions.
When you do withdraw part or all of your deposit before the end of the term, we will pay a reduced rate of interest on the withdrawn amount. This reduced rate is called the early withdrawal rate. The effect of the early withdrawal rate is to reduce your interest return, on the amount withdrawn, to the early withdrawal rate.
The early withdrawal rate is currently 0.10% p.a.
For further information and examples of how the early withdrawal rate will affect your investment refer to the Guide to Heritage Finance Holdings Deposit Products.
Our specialists are available to answer any of your questions, so you can choose the product that best suits your needs.
They can also help with internet banking, card management and lots more. Tap here for live assistance.