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Heritage Bank Term Deposit Rates

Part of People First Bank, with one of the more complete published rate ladders. Rates last checked 2026-07-27.

Rates shown may include promotional offers and can change without notice — confirm the current rate on the provider's site before acting. How we source rates

Term Interest Rate (p.a.) Min. Deposit
3 months 4.00% $1,000
6 months 5.00% $1,000
9 months 5.10% $1,000
12 months 5.20% $1,000
24 months 4.75% $1,000
36 months 4.75% $1,000
60 months 4.75% $1,000

Source: Heritage Bank term deposit rates

Notes on Heritage Bank's rates

31 days' notice required for early withdrawal, no early withdrawal fee (an interest adjustment applies instead). Rates shown are the maturity/annually option; a monthly-payment option pays roughly 0.10% p.a. less. Given the ~3-4 week gap since last update, confirm current rates before acting.

Interest Payment Options

Heritage Bank's interest payment options: At maturity/annually (monthly option pays slightly less). Interest paid at maturity typically offers the headline rate; opting for monthly or quarterly payments can reduce the effective rate slightly, since you're accessing your returns sooner.

How Heritage Bank Compares

Term deposit rates move independently between banks, so it's worth checking a few options before committing. See how Heritage Bank stacks up against other providers:

Or use our full comparison table to see every bank side by side, or the term deposit calculator to estimate your returns.