Heritage
Target Bonus Account
Earn bonus interest when you make regular desposits and no withdrawals with a Heritage Target Bonus 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 |
|---|---|---|---|---|---|---|
| Bonus | — | — | $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 · 20
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Business internet banking security token | Event | $50 | — | — |
| Direct Debit Dishonour | Event | $10 | — | — |
| 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 Online Business internet Banking - Account Reconciliation | Event | $0.05 | — | — |
| Heritage Online Business internet Banking - Payroll and creditor batch payments - for each payment in a batch | Event | $0.05 | — | — |
| 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. |
| Heritage Bank Cheque | Transaction | $10 | — | — |
| 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 | — | — |
| Payroll Processing | Transaction | $0.50 | — | — |
| RTGS payment/transfer to your account | Transaction | $10 | — | — |
| Telegraphic transfer within Australia | Transaction | $30 | — | — |
| 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 |
| Telegraphic Transfer | Transaction | $15 | — | performed via Heritage Online or the Mobile Banking App |
§ 03 — Features
Digital banking
- · Electronic or Physical statements available
- · SMS Services
- · Earn a bonus interest rate above our normal rate for every month you make at least one deposit, and no withdrawals
- · $0 account keeping and transaction fees
- · Backed by the Government Deposit Guarantee for deposits up to $250,000
§ 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.