Heartland Bank
Term Deposit
A great way to reach your savings goals, with no fees and a competitive interest rate locked in for terms from 31 days to 60 months.
Term depositsBank updated 22 Sept 2026
At a glance
- Best rate
- 5.50% for 12m
- 12 months
- 5.50%
- Min deposit
- $5,000
§ 01 — Rates · 14
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Fixed31 day fixed term deposit with interest paid at maturity | — | 31 days | $5,000+ | 2.10% | — | paid at maturity; Minimum deposit for new customer is $10K.Minimum deposit for existing customer is $5K. |
| Fixed12 month fixed term deposit with interest paid monthly | — | 1 yr | $5,000+ | 5.35% | — | paid every 1 mo; Minimum deposit for new customer is $10K.Minimum deposit for existing customer is $5K. |
| Fixed12 month fixed term deposit with interest paid at maturity | — | 1 yr | $5,000+ | 5.50% | — | paid at maturity; paid every 1 yr; Minimum deposit for new customer is $10K.Minimum deposit for existing customer is $5K. |
| Fixed24 month fixed term deposit with interest paid monthly | — | 2 yrs | $5,000+ | 4.85% | — | paid every 1 mo; Minimum deposit for new customer is $10K.Minimum deposit for existing customer is $5K. |
| Fixed24 month fixed term deposit with interest paid annually | — | 2 yrs | $5,000+ | 5.05% | — | paid every 1 yr; Minimum deposit for new customer is $10K.Minimum deposit for existing customer is $5K. |
| Fixed3 month fixed term deposit with interest paid at maturity | — | 3 mo | $5,000+ | 4.95% | — | paid at maturity; paid every 3 mo; Minimum deposit for new customer is $10K.Minimum deposit for existing customer is $5K. |
| Fixed36 month fixed term deposit with interest paid monthly | — | 3 yrs | $5,000+ | 4.80% | — | paid every 1 mo; Minimum deposit for new customer is $10K.Minimum deposit for existing customer is $5K. |
| Fixed36 month fixed term deposit with interest paid annually | — | 3 yrs | $5,000+ | 5.05% | — | paid every 1 yr; Minimum deposit for new customer is $10K.Minimum deposit for existing customer is $5K. |
| Fixed48 month fixed term deposit with interest paid monthly | — | 4 yrs | $5,000+ | 4.75% | — | paid every 1 mo; Minimum deposit for new customer is $10K.Minimum deposit for existing customer is $5K. |
| Fixed48 month fixed term deposit with interest paid annually | — | 4 yrs | $5,000+ | 5.10% | — | paid every 1 yr; Minimum deposit for new customer is $10K.Minimum deposit for existing customer is $5K. |
| Fixed6 month fixed term deposit with interest paid at maturity | — | 6 mo | $5,000+ | 5.35% | — | paid at maturity; paid every 6 mo; Minimum deposit for new customer is $10K.Minimum deposit for existing customer is $5K. |
| Fixed60 month fixed term deposit with interest paid monthly | — | 5 yrs | $5,000+ | 4.70% | — | paid every 1 mo; Minimum deposit for new customer is $10K.Minimum deposit for existing customer is $5K. |
| Fixed60 month fixed term deposit with interest paid annually | — | 5 yrs | $5,000+ | 5.15% | — | paid every 1 yr; Minimum deposit for new customer is $10K.Minimum deposit for existing customer is $5K. |
| Fixed9 month fixed term deposit with interest paid at maturity | — | 9 mo | $5,000+ | 5.35% | — | paid at maturity; paid every 9 mo; Minimum deposit for new customer is $10K.Minimum deposit for existing customer is $5K. |
§ 02 — Fees · 4
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Audit certificate | Event | $35 | — | — |
| Early redemption interest penalty fee | Event | Varies | — | If you redeem your Term Deposit early, the amount of interest paid will be the interest accrued based on the interest rate on the day we opened your account less a reduction in interest earned based… |
| Voucher/information retrieval. | Event | Varies | — | Fee charged for voucher/information retrieval by us. |
| Early Redemption administration fee | Exit | $30 | — | An Administration fee of $30 is applied at the time of the time of early withdrawal. |
§ 03 — Features
Digital banking
- · Interest can be reinvested back into the Term Deposit, paid to your account with us, or paid to another financial institution account.
- · Manage the Term Deposit maturity instructions from within Internet Banking or our app. Tell us how the principal and interest amounts are to be paid when your Term Deposit matures.
§ 04 — Eligibility & limits
- · Minimum age 14
- · Residency: To open an account, you must be solely a tax resident of Australia.
- · Available to individuals
- · Minimum balance $5,000
- · To open an account, you must have a valid email address and an Australian mobile number.
§ 06 — Run the numbers
Put this product through a calculator
Published by Heartland under the Consumer Data Right, last changed by them on 22 Sept 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.