Heartland Bank term deposits

Heartland Bank also offers savings accounts · Provider overview →

As of 18 September 2026, Heartland Bank has one term deposit product tracked by BankMate, over eight terms from 3 months to 5 years. Its highest rate is 5.40% p.a. on the Term Deposit for 1 year, 12th of 590 12-month deposits — a term deposit rate means nothing without its term, so each deposit is ranked only against others of the same term. Its rates last changed on 7 August 2026.

Best rate: 5.40%; 1 year · Term Deposit
Market rank: #12; of 590 12-month deposits
Terms: 8; 1 product
Last change: 7 Aug 2026; 8 changes on record

Rates over time

Best 12-month rate per product

Term Deposit
RBA cash rate
Market average · 12-month deposits

What changed

8 changes since 9 Apr 2026

7 Aug 2026
Term Deposit · 4 terms cut 0.05
- 6-month 5.35 → 5.30
- 9-month 5.40 → 5.35
- 12-month 5.45 → 5.40
- 12-month 5.30 → 5.25
−0.05
23 July 2026
Term Deposit · 8 terms cut 0.10 to 0.20
- 24-month 5.15 → 5.05
- 24-month 4.95 → 4.85
- 36-month 5.15 → 5.05
- 36-month 4.90 → 4.80
- 48-month 5.20 → 5.10
- 48-month 4.85 → 4.75
- 60-month 5.35 → 5.15
- 60-month 4.90 → 4.70
mixed
16 July 2026
Term Deposit · 12 terms cut 0.05 to 0.10
- 6-month 5.40 → 5.35
- 9-month 5.50 → 5.40
- 12-month 5.55 → 5.45
- 12-month 5.40 → 5.30
- 24-month 5.25 → 5.15
- 24-month 5.05 → 4.95
- 36-month 5.25 → 5.15
- 36-month 5.00 → 4.90
- 48-month 5.25 → 5.20
- 48-month 4.90 → 4.85
- 60-month 5.45 → 5.35
- 60-month 5.00 → 4.90
mixed
19 June 2026
Term Deposit · 3 terms up 0.0544 days after the RBA rise to 4.35%
- 9-month 5.45 → 5.50
- 12-month 5.50 → 5.55
- 12-month 5.35 → 5.40
+0.05
5 June 2026
Term Deposit · 11 terms moved in both directions
- 3-month 4.90 → 4.95
- 6-month 5.30 → 5.40
- 9-month 5.40 → 5.45
- 12-month 5.45 → 5.50
- 12-month 5.30 → 5.35
- 24-month 5.45 → 5.25
- 24-month 5.25 → 5.05
- 36-month 5.45 → 5.25
- 36-month 5.20 → 5.00
- 48-month 5.45 → 5.25
- 48-month 5.10 → 4.90
mixed
15 May 2026
Term Deposit · 5 terms moved in both directions
- 3-month 4.80 → 4.90
- 6-month 5.15 → 5.30
- 9-month 5.45 → 5.40
- 12-month 5.55 → 5.45
- 12-month 5.40 → 5.30
mixed

Show 2 earlier changes

23 Apr 2026
Term Deposit · 3 terms up 0.10 to 0.2536 days after the RBA rise to 4.10%
- 9-month 5.20 → 5.45
- 12-month 5.45 → 5.55
- 12-month 5.30 → 5.40
mixed
10 Apr 2026
Term Deposit · 13 terms up 0.0523 days after the RBA rise to 4.10%
- 3-month 4.75 → 4.80
- 6-month 5.10 → 5.15
- 9-month 5.15 → 5.20
- 12-month 5.40 → 5.45
- 12-month 5.25 → 5.30
- 24-month 5.40 → 5.45
- 24-month 5.20 → 5.25
- 36-month 5.40 → 5.45
- 36-month 5.15 → 5.20
- 48-month 5.40 → 5.45
- 48-month 5.05 → 5.10
- 60-month 5.40 → 5.45
- 60-month 4.95 → 5.00
+0.05

Term deposits

Best rate per product, by term · ranked within each term

Term Deposit
interest annually or monthly or quarterly · from $5,000 · 8 terms
3 mo 4.95%6 mo 5.30%9 mo 5.35%1 yr 5.40%2 yr 5.05%3 yr 5.05%5 yr 5.15%4 yr 5.10%
5.40%#12 of 590

Rank compares deposits within the same headline term, as the Term deposit report does. Compare all term deposits

Notes on Heartland Bank term deposits

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