The Finance Algorithm
Heritage

Online Saver Account

Manage your savings online with our high interest savings account.

Savings & transaction accountsBank updated 13 Aug 2026
At a glance
Base rate
3.20%
Bonus rate
1.40%
Up to
4.60%
§ 01 — Rates · 2
TypeApplies toTermBandRateComparisonConditions
Bonus$1–$100,0001.40%paid every 1 mo; Bonus Promotional 4 month rate on new accounts up to $100,000
Variable$1+3.20%paid every 1 mo
§ 02 — Fees · 13
FeeTypeAmountWhenNotes
Business internet banking security tokenEvent$50Including replacement security tokens
Direct Debit Dishonour FeeEvent$10
Document/Record search feeEvent$12For record searches, traces, supplying copy of details of transactions (including Visa card transaction slips) at your request on your account
Heritage Online Business internet Banking - Account ReconciliationEvent$0.05
Heritage Online Business internet Banking - Payroll and creditor batch payments - for each payment in a batchEvent$0.05
Inactive Account Administration FeeEvent$20
Overdraft Reference FeeEvent$10
SMS ServicesEvent$0.25
StatementsEvent$1For the second and subsequent statement issued during a month, or when a statement is issued on your account at your request at any time before the next statement issuing due date
Transaction listingEvent$5When a transaction listing between two given dates is issued on your account
Paper Based Statement FeeOther$3Fee is charged for each paper statement issued as per your account statement cycle. Excludes eStatements which are free of charge.
Payroll ProcessingTransaction$0.50
RTGS payment/transfer to your accountTransaction$10
§ 03 — Features
Digital bankingUnlimited transactionsHeritage Credits is Heritage's loyalty program
  • · Electronic or Physical statements provided
  • · Scheduled, periodic payments available
  • · Direct debit facility available
  • · Bonus interest introductory offer
  • · SMS services available
§ 04 — Eligibility & limits
  • · Minimum balance $1
  • · Opening balance $1
  • · You need to be a registered user of Heritage Online.

Published by People First and Heritage Bank under the Consumer Data Right, last changed by them on 13 Aug 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.