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Heartland Bank · Term deposit · 8 terms

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Term Deposit

The Heartland Bank Term Deposit pays up to 5.40% p.a. as of 18 September 2026, over a 12-month term, 12th of 590 12-month deposits tracked by BankMate. It is offered over eight terms from 3 months to 5 years, with interest paid annually or monthly or quarterly, from a $5,000 deposit. Its rates last changed on 7 August 2026.

5.40%p.a. · 1 year

interest annually or monthly or quarterly; from $5,000

Early withdrawal is not allowed.

Go to Heartland

Rates over time

Best rate per term
  • RBA cash rate
  • Market average · 12-month deposits
4.004.505.005.50MayJunJulAugToday5.401 year5.359 months5.306 months5.155 years5.104 years5.052 years5.053 years4.953 months
  • 3 months
  • 6 months
  • 9 months
  • 1 year
  • 2 years
  • 3 years
  • 5 years
  • 4 years

Changes

8 changes since 9 Apr 2026
  1. 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
  2. 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
  3. 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
  4. 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. 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
  6. 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
  1. 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
  2. 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

Rates by term

Ranked within each term
3 months
4.95% · #31 of 369 3-month deposits
6 months
5.30% · #7 of 547 6-month deposits
9 months
5.35% · #2 of 500 9-month deposits
1 year
5.40% · #12 of 590 12-month deposits
2 years
5.05% · #53 of 394 24-month deposits
3 years
5.05% · #29 of 345 36-month deposits
5 years
5.15% · #19 of 152 60-month deposits
4 years
5.10% · #13 of 157 48-month deposits

Deposit

Minimum deposit
$5,000
Maximum deposit
No cap published

Interest

Paid
Annually or Monthly or Quarterly
Compounding
monthly

Early withdrawal

Before maturity
Not allowed

About this product

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.

Compare all term deposits