Heartland Bank Term Deposits
Looking for a way to get more from your savings?
Investment Highlights
Looking for a way to get more from your savings?
Snap up one of our Term Deposit rates. Whether you want the flexibility of a 31 day term, or you prefer to keep your savings in a longer-term investment, we have options.
If you are applying for a personal Term Deposit (individual or joint), opening a Term Deposit account takes less than five minutes with our online application (Currently available for term deposits of $25,000 or greater). Online application available for personal customers only.
All the Good Stuff
- No account-keeping or establishment fees
- Terms starting from 31 days
- Get your interest paid monthly (on selected terms)
- Your savings protected by the Government guarantee1
Interest paid at maturity or annually
| Term | Fixed rate |
|---|---|
| 31 day term | 2.00% p.a. |
| 3 month term | 4.15% p.a. |
| 6 month term | 4.45% p.a. |
| 9 month term | 4.47% p.a. |
| 12 month term | 4.50% p.a. |
| 24 month term | 3.75% p.a. |
| 36 month term | 3.60% p.a. |
| 48 month term | 3.40% p.a. |
| 60 month term | 3.40% p.a. |
as at 18 December 2025
Interest paid monthly
| Term | Fixed rate |
|---|---|
| 12 month term | 4.35% p.a. |
| 24 month term | 3.55% p.a. |
| 36 month term | 3.35% p.a. |
| 48 month term | 3.05% p.a. |
| 60 month term | 2.95% p.a. |
as at 18 December 2025
Minimum deposit amount of $10,000. Interest is calculated daily, and depending on the term, can be paid monthly, yearly or at maturity.
Want to apply?
For investments $1,000,000 or less for personal rates, apply online through our quick and easy digital application.
If you're investing over $1,000,000 please call 1300 889 338 or between $10,000 and $24,999, simply download and complete our Paper Application Form
| Open a Term Deposit |
1 Our deposits are guaranteed up to $250,000 per customer by the Australian Government’s Financial Claims Scheme.
Interest paid at maturity or annually
| Term | Fixed rate |
|---|---|
| 31 day term | 2.00% p.a. |
| 3 month term | 4.05% p.a. |
| 6 month term | 4.35% p.a. |
| 9 month term | 4.37% p.a. |
| 12 month term | 4.40% p.a. |
| 24 month term | 3.65% p.a. |
| 36 month term | 3.50% p.a. |
| 48 month term | 3.30% p.a. |
| 60 month term | 3.30% p.a. |
Interest paid monthly as at 18 December 2025
| Term | Fixed rate |
|---|---|
| 12 month term | 4.25% p.a. |
| 24 month term | 3.45% p.a. |
| 36 month term | 3.25% p.a. |
| 48 month term | 2.95% p.a. |
| 60 month term | 2.85% p.a. |
as at 18 December 2025
Minimum deposit amount of $100,000. Interest is calculated daily, and depending on the term, can be paid monthly, yearly or at maturity.
To apply for a non-personal Term Deposit, download and complete our Term Deposit (non-personal) application form.
1 Online application available for personal customers only.
2 Personal customers. Minimum deposit amount of $10,000. Interest is calculated daily and paid at maturity. Rates are subject to change. For rates on deposits greater than $1,000,000 call 1300 889 338.
3 Our deposits are guaranteed up to $250,000 per customer by the Australian Government’s Financial Claims Scheme.
Products are issued by Heartland Bank Australia Limited ABN 54 087 651 750 (Australian Financial Services Licence/Australian Credit Licence 245606). Heartland Bank Australia Limited is a part of the group of companies constituted by Heartland Group Holdings Limited ARBN 627 849 576 and its subsidiaries (Heartland Group). Heartland Bank Australia Limited is the only authorised deposit taking institution in the Heartland Group. No other Heartland Group entity is responsible for deposits or other liabilities of Heartland Bank Australia Limited. Heartland Bank Australia Limited does not guarantee or otherwise provide assurance in respect of the obligations of any other Heartland Group entity, unless noted otherwise.
Any advice is general and doesn't take into account your personal situation. Please consider our General Terms and Important Information Statement before deciding whether to acquire or continue to hold the relevant product.
At Heartland Bank, we focus on providing Australians with specialist banking products that are the best or only of their kind. We do this digitally so you can spend more time on the things that matter most – instead of waiting in a queue to speak with someone at a bank.
We’re well-established in Australia. We’ve been serving Australians since 1971 and are proud to offer competitive term deposit rates to help you get more from your money. We’re also the leading provider of reverse mortgages, and through StockCo, we’re a leading provider of specialist livestock finance.
We’re part of the Heartland group of companies which has 150 years of experience in financial services. Heartland is listed on the New Zealand and Australian stock exchanges (NZX/ASX: HGH). Find out more about Heartland.
Geoff Summerhayes is the Chair and Independent Non-Executive Director of Heartland Bank in Australia. He is also, Chair of Zurich Australia and New Zealand, Chair of Beyond Zero Emissions (BZE), a senior advisor to the Pollination Group, Chair for the Australian Institute of Company Directors’ Climate Governance Initiative. He has extensive commercial and regulatory experience across a wide range of sectors including banking, insurance and financial services prudential regulation. Previously, Geoff was a Board member of the Australian Prudential Regulation Authority (APRA) and prior to this was CEO of Suncorp Life in Australia and New Zealand.
Geoff is recognised as a global leader on climate change financial risk through his regulatory work at APRA, the International Association of Insurance Supervisors (IAIS) and the UN Environment Programme where he chaired the Sustainable Insurance Forum.
Michelle joined Heartland Bank as the CEO on 22 July 2024 with more than 30 years’ experience in banking and financial services. Originally from Buccan in Queensland, Michelle has held executive roles in retail banking, business banking, customer service and operations. Michelle comes to Heartland Bank from RACQ Bank in Queensland where she was Chief Executive Banking. Previously, Michelle was Chief Executive Officer of Bank of Melbourne, and worked in senior roles at Bankwest, Commonwealth Bank of Australia and Westpac.
Michelle is an experienced Chief Executive with a strength in delivering cultural transformation and market leading service within the Financial Services Industry. Her strengths include values-based leadership, uniting teams behind a purpose and vision, with a focus on achieving best in class business performance.
Click here to view our latest News.
Online applications take less than five minutes. Provided we've been able to verify your identity online, account details will be emailed to you within 15 minutes.
Your Term Deposit account can be funded by transferring the investment amount into your Term Deposit account BSB and account number, or via BPAY.
The BPAY biller code is 274795 and the customer reference number is your Term Deposit account number.
Once you've deposited funds into your Term Deposit, equivalent to the amount you applied for, your Term Deposit will be fully funded.
You have seven calendar days from when your Term Deposit is opened to fully fund your Term Deposit account.
The start date of your Term Deposit account will be the date when we first receive funds into your account.
You'll earn interest on your Term Deposit account based on your daily closing balance (excluding the maturity date or date of early withdrawal).
The interest earned each day is equal to the daily closing balance, multiplied by the annual percentage rate applied to your Term Deposit when it was opened, divided by the number of days in the year (365 days, or 366 days during a leap year).
If your Term Deposit starts in a non-leap year and matures in a leap year (or vice-versa), the daily interest earned is calculated based on 365 days for the portion of term held within the non-leap year, and 366 days for the portion held within the leap year.
To open an account, you need to:
- be 14 years or older
- have an Australian mobile number and a valid email address
- have an Australian residential address, and
- be solely an Australian resident for taxation purposes.
You can also apply for an account with us if you're a non-personal entity, such as a company, trust, or a SMSF.
Interest is calculated daily and paid:
- at maturity (for terms below 12 months)
- monthly or at maturity (for 12 month terms), or
- monthly or yearly (for 24, 36, 48 and 60 month terms).
Statutory Statement
The issuer of this product is identified at the top of this page. The PDS and target market determination for the product are available in the Documents section of this listing. Prospective investors should consider the PDS before deciding to acquire the product. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
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