Heritage
Youth Target Bonus Account
Help your child establish good saving habits with a Heritage Kids Bank Account.
Savings & transaction accountsBank updated 13 Aug 2026
At a glance
- Base rate
- 0.01%
- Bonus rate
- 4.24%
- Up to
- 4.25%
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| BonusBonus Interest applied if at least one deposit and no withdrawals are made during the month. Bonus Interest is calculated on minimum monthly balance. | — | — | $1+ | 4.24% | — | paid every 1 mo; Bonus interest will be applied to all balances if at least one deposit and no withdrawals are made |
| Variable | — | — | $1+ | 0.01% | — | paid every 1 mo |
§ 02 — Fees · 15
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Document/Record search fee | Event | $12 | — | For record searches, traces, supplying copy of details of transactions (including Visa card transaction slips) at your request on your account |
| Heritage Bank Cheque | Event | $10 | — | — |
| Inactive Account Administration Fee | Event | $20 | — | — |
| Overdraft Reference Fee | Event | $10 | — | — |
| SMS Services | Event | $0.25 | — | — |
| Statements | Event | $1 | — | For 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 listing | Event | $5 | — | When a transaction listing between two given dates is issued on your account |
| Paper Based Statement Fee | Other | $3 | — | Fee is charged for each paper statement issued as per your account statement cycle. Excludes eStatements which are free of charge. |
| Manual transfer to another financial institution | Transaction | $4 | — | Charged per manual transfer to another financial institution including People's Choice branded accounts. |
| Manual transfer to another Heritage Account | Transaction | $2.50 | — | — |
| RTGS payment/transfer to your account | Transaction | $10 | — | — |
| Telegraphic transfer within Australia | Transaction | $30 | — | — |
| Telegraphic transfer | Transaction | $15 | — | performed via Heritage Online or the Mobile Banking App |
| Telegraphic transfer | Transaction | $30 | — | transfer to a country in accepted currency (for example, USD to the United States) |
| Telegraphic transfer | Transaction | $50 | — | Sent in AUD to a country with different currency |
§ 03 — Features
Digital bankingUnlimited transactionsHeritage Credits
- · Electronic or Physical statements provided
- · $0 account keeping fees
- · Backed by the Government Deposit Guarantee for deposits up to $250,000
- · SMS Services
§ 04 — Eligibility & limits
- · Minimum balance $1
- · Opening balance $1
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
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.