Interest rates

Deposit rates

At call and savings accounts (variable)

Personal Term Deposit accounts (fixed)

Term Deposit – interest paid annually or at maturity2,4
31 days 3 months 6 months 9 months  
3.85% p.a. 4.75% p.a. 5.20% p.a. 5.15% p.a.  
31 days - 3.85% p.a.
3 months - 4.75% p.a.
6 months - 5.20% p.a.
9 months - 5.15% p.a.
12 months 24 months 36 months 48 months 60 months
5.15% p.a. 4.70% p.a. 4.20% p.a. 4.10% p.a. 4.10% p.a.
12 months - 5.15% p.a.
24 months - 4.70% p.a.
36 months - 4.20% p.a.
48 months - 4.10% p.a.
60 months - 4.10% p.a.
Term Deposit – interest paid monthly4
12 months 24 months 36 months 48 months 60 months
5.00% p.a. 4.55% p.a. 4.05% p.a. 3.95% p.a. 3.95% p.a.
12 months - 5.00% p.a.
24 months - 4.55% p.a.
36 months - 4.05% p.a.
48 months - 3.95% p.a.
60 months - 3.95% p.a.

Non-personal Term Deposit accounts (fixed)

Term Deposit – interest paid annually or at maturity3,4
31 days 3 months 6 months 9 months  
3.85% p.a. 4.75% p.a. 5.15% p.a. 5.10% p.a.  
31 days - 3.85% p.a.
3 months - 4.75% p.a.
6 months - 5.15% p.a.
9 months - 5.10% p.a.
12 months 24 months 36 months 48 months 60 months
5.10% p.a. 4.65% p.a. 4.20% p.a. 4.10% p.a. 4.10% p.a.
12 months - 5.10% p.a.
24 months - 4.65% p.a.
36 months - 4.20% p.a.
48 months - 4.10% p.a.
60 months - 4.10% p.a.
Term Deposit – interest paid monthly4
12 months 24 months 36 months 48 months 60 months
4.95% p.a. 4.50% p.a. 4.05% p.a. 3.95% p.a. 3.95% p.a.
12 months - 4.95% p.a.
24 months - 4.50% p.a.
36 months - 4.05% p.a.
48 months - 3.95% p.a.
60 months - 3.95% p.a.
  1. Interest is calculated daily and paid on the last calendar day of the month.
  2. Rates available to personal customers of Challenger Bank Limited trading as Heartland Bank. For terms of 12 months or more, interest will be paid annually. Rates may change at any time.
    No set up fees. Minimum deposit amount of $5,000. For amounts of $1,000,000 + please call 1300 221 479 for a rate.
  3. Rates available to non-personal, business, and institutional customers of Challenger Bank Limited trading as Heartland Bank. For terms of 12 months or more, interest will be paid annually.
    Rates may change at any time. No set up fees. Minimum deposit amount of $100,000. For amounts of $1,000,000 + please call 1300 221 479 for a rate.
  4. Interest is calculated daily.