Heritage Bank Online Saver

1.65% p.a.(for $1 to $250,000)

No Current Offer

Heritage Bank Online Saver

1.65% p.a.(for $1 to $250,000)

No Current Offer

Mozo Review   Heritage Bank Online Saver Review

Last updated: 19 February 2019.

What's hot:
  • No account keeping or transaction fees

  • 1.65% ongoing interest rate

What's not:
  • No branch access - online only

Mozo snapshot:

The Heritage Bank Online Saver Account is all about banking convenience, providing easy access to your money through unlimited online and phone deposits. The maximum interest is a competitive 1.75%, and with no monthly or transaction fees you’ll be on the way to reaching your savings goals in no time. Heritage Bank was also named a winner of a 2018 Mozo People’s Choice Award for Outstanding Customer Service.

Key features:

Searching for an easy access, fee-free online savings account? Look no further than the Heritage Bank Online Saver Account! The competitive interest rate, lack of strenuous ongoing requirements and online and phone banking options makes this a great set and forget option for savers.

The account comes with a tiered interest rate system, with higher balances earning higher interest rates. The maximum rate you’ll be able to earn is 1.75% on balances from $250,000 and over, but most savers will be able to earn 1.65% for balances between $1 and $249,999.

Because it’s an online account, the Heritage Online Saver must link to a transaction account or banking product in order to move your money in and out of your account. The account can only be accessed through internet and phone banking, and this has been made an easy process with the Heritage Bank App which gives customers full access to their account to check their balance and make electronic transactions.

Savers are not charged monthly account keeping fees, however there is a minimum ongoing balance of $1, which must be maintained in the account for it to stay active.

Who it's good for:

This account is a great set and forget account option for savers, and is good for anyone who wants the convenience of an online account without the hassle of meeting monthly requirements.

Any catches?

In order to get the top interest rate of 1.75%, you’ll need $250,000, but if not you can still take advantage of the 1.65% rate.

Details

Rates and fees information correct as at 20 March 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.00% p.a.
    Balances from $1: 1.65% p.a.
    Balances from $250,000: 1.75% p.a.

  • none

  • n/a

Fees
  • $0.00

  • none

  • Unlimited free transactions from phone, internet and counter deposits.

  • none

  • none

  • none

  • $0.00

  • none

  • none

  • $0.00

  • $0.00

  • none

Other financial bits
  • $1.00

  • $1.00

  • Monthly

Features
  • no

  • none

  • no

  • no

  • no

  • no

  • no

  • yes

  • yes

  • no

  • no

  • Must link to a transaction account

  • none

  • none

Customer Reviews

How are Heritage Bank savings accounts rated by the Mozo community?

Overall customer rating
8.5/10
Price
7.7/10
Features
7.3/10
Customer service
8.8/10
Convenience
8.1/10
Trust
8.6/10

Latest reviews of Heritage Bank Online Saver

  • Overall
    10/10
    Great service and products

    Always attentive

    Always attentive

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Nola | Queensland

    reviewed over 2 years ago

  • Overall
    10/10
    Great services.

    Great service and communication and always lovely ladies at the counter and always wanting to help.

    Great service and communication and always lovely ladies at the counter and always wanting to help.

    Price
    7/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Cathy | Queensland

    reviewed almost 3 years ago

  • Overall
    10/10
    Great bank

    Great bank will never change

    Great bank will never change

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Daniella | Queensland

    reviewed about 3 years ago

  • Overall
    9/10
    Always helpful

    Wonderful bank

    Wonderful bank

    Price
    8/10
    Features
    9/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    9/10

    Melissa | Queensland

    reviewed about 3 years ago

  • Overall
    9/10
    Heritage are great

    Heritage staff are friendly, efficient and always helpful. I have no hesitation in recommending...

    Heritage staff are friendly, efficient and always helpful. I have no hesitation in recommending them to anyone. If there is a negative it is only the number of branches which is improving slowly.

    Price
    9/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    7/10
    Trust
    10/10

    C.bosher | Queensland

    reviewed about 3 years ago

Heritage Bank

About Heritage Bank

Heritage is Australia's largest member-owned bank. With a history going back to 1875, Heritage helps Australians realise their financial dreams. Heritage focuses on putting people first, not pursuing massive profits. They offer customers a full range of competitive personal banking products from home loans, saving accounts, term deposits, credit cards and much more.

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