The Online Saver is a fee free account with easy access to your money via Internet and your mobile banking. It's a flexible account; you can make withdrawals from your savings when needed, while still earning interest.
Heritage Bank Online Saver
- Maximum variable rate
- 4.35% p.a.
- Base interest rate
- 2.80% p.a.
Our verdict
This account pays a bonus interest rate to new customers for the first four months after opening the account.
With this account you can earn a bonus rate of 4.35% p.a. for the first 4 months after opening the account. There's no monthly deposit condition to meet and you can make withdrawals while still earning interest, making this account super flexible.
Pros
-
No transaction or account keeping fees
-
Competitive interest rate
-
Access to funds through online and phone banking
Cons
-
Reverts to variable base rate after 4 months
Details
Key details
| Product Name | Heritage Bank Online Saver |
| Maximum Variable Rate | 4.35% p.a. |
| Standard Variable Rate | 2.80% p.a. |
| Monthly Account Fee | $0 |
| Minimum Opening Deposit | $1 |
| Minimum Age | 18 |
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The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
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Alison Finder
Editorial Manager, Money
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Sarah Megginson Finder
April 18, 2023
Hi Dimi,
You can earn the advertised interest rates on any amount from $1 – $249,000. You can deposit $40,000 and you’ll earn the advertised interest rate, plus an additional bonus rate for the first 4 months.
Hope this helps!
Vera
June 01, 2017
Who are the other approved financial institutions to whom you can transfer funds?
rench.cruz@findercrew.com Finder
June 01, 2017
Hi Vera,
Thanks for reaching out to us.
Basically, most of the everyday transaction accounts can actually be used to send and receive money from a third-party account.
With the Heritage Bank Online Saver, it may not be possible to directly send money to a third-party bank account, so you might have to transfer funds from your online saver to your Heritage Bank account first and then the third party one.
Hope this helps.
Cheers,
Rench
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dimi
April 17, 2023
i dont have $100,000 but what if wanted to put $40,000k