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Term Deposit 6.1% for 8 Months @ Heartland Bank

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Term Deposit 6.1% for 8 Months @ Heartland Bank
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Lgsk on 23/08/2023 - 22:55 heartland.co.nz (243 clicks)
Last edited 24/08/2023 - 02:31 by 1 other user
ECTD8

Received a mail from Heartland Bank offering special interest rate of 6.1% for 8 months
If you are in above 30% tax bracket then you can open PIE term deposit with them.

Please remember that Heartland Bank is BBB rated bank.

If you are looking for long term, ANZ is offering 6% interest rate for 18 months

Email from Heartland Bank

As a way for us to say thanks for being a loyal Heartland customer, we’re offering you a special term deposit rate. If you use the Heartland Mobile App or Heartland Digital, simply log in, click "open an account" to open a Term Deposit and select the 8-month term – the special rate will already be loaded.

Otherwise, you can click the banner below to open an account and use the code ECTD8 to access your special offer. But be quick - this offer ends on 14 September 2023.*

Financial Term Deposit

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heartland.co.nz
heartland.co.nz

closed Comments

  • BDS on 23/08/2023 - 23:11
    +3

    https://www.rabobank.co.nz/online-savings-rates/

    Credit rating : A

    I was planning to open Premium Saver : 5.25% p.a
    Min $50 top up every month
    No notice period for withdrawing money but may lose out on the Premium saver interest of 5.25% p.a but will receive 2.5% p.a on the balance amount.
    2.5% on invested amount above $100K
    Open for advice is a good option?

    • kfr23 on 23/08/2023 - 23:36

      You get an on call saving account included by default, it's 4.25% with no minimum top up, up to 5m. Also if you're wanting a term deposit, Rabobank is doing 6% for 9 months currently.

  • atoms on 23/08/2023 - 23:33

    Last time I tried to open a PIE deposit with Heartland you could not manage the account online - everything had to be manual via email or phone.

    Has it changed? I don't seem to be able to open a PIE account via their login > open an account. Seems like only non-PIE options are there.

    • gsk on 23/08/2023 - 23:42
      +1

      Unfortunately it has not changed. . You have to still use email or phone banking.
      Phone banking works better with them. You can get request for call back instead of waiting.
      If you are already customer you can email them .

    • A-deals on 24/08/2023 - 10:16

      I use the heartland app since last year… Moving money in and out…

      Don't know about term deposits tho.

  • nzmax on 24/08/2023 - 00:15
    +1

    You can get 6% for 18 months with ANZ. Depends if you think interest rates will continue increasing.

    • dealhunter on 24/08/2023 - 01:09

      Damn that's pretty good…

      • nzmax on 24/08/2023 - 01:17

        According to someone on interest.co.nz, they got a custom rate of 6.1% for 12 months from Westpac by asking, but think it was for a large amount.

        • MightyMoose on 24/08/2023 - 10:24
          +1

          Are you able to define "large amount" aka 5 figures, 6 figures, 7 figures? Have a bit of savings at Westpac that should really be in a term deposit.

          • nzmax on 24/08/2023 - 14:36

            @MightyMoose: I think one said 50k and the other said 100k. YMMV

        • dealhunter on 24/08/2023 - 22:47

          If locking in now, I'd imagine you'd expect rates to be either similar or turning the corner downwards at 12-18 months? Any increases will be by the end of the year? Any economists on here?

          • nzmax on 24/08/2023 - 23:06

            @dealhunter: They haven't exactly been right so far. Maybe the election will make some difference?

  • monkey on 24/08/2023 - 06:20
    +7

    Long term customer, Heartland's service has gone seriously downhill in the past few months.
    Used to be able to get through to an agent immediately on the phone, now its a callback up to 2 days later. Emails, sometime over the next week or so.
    If you are lucky, they will get your instructions right. They even 'forgot' to open a new account (Term Pie -> Regular term deposit).

    Bit concerned where things might be heading, so will be moving 'some' of my money to a higher rated institution. Makes it hard when you want to support NZ business

    • nzmax on 24/08/2023 - 14:40

      Yes I had issues contacting them too. Their online banking is not good either and transactions slow between banks. But they are ok.

    • doggos2 on 29/08/2023 - 11:38

      I agree, not just once either

  • cbemstar on 24/08/2023 - 08:12
    +4

    I find squirrel's on call account better since there's no notice period or minimums nor a min monthly deposit requirement. 5.25% p.a which is lower than the term deposits but the flexibility makes it worth it for me.

    Squirrel's investment options - https://www.squirrel.co.nz/invest/investment-options

    • fried on 24/08/2023 - 08:46

      Second this. Pretty good rates for an On Call account, and if I request a withdrawal it's usually in my account within 24 hours

      • Jexla on 24/08/2023 - 08:50

        In a couple of hours in my experience.

        • fried on 24/08/2023 - 08:57

          Probably the same with mine, I just don't always check my account til the next day 😅

          • Jexla on 24/08/2023 - 12:24

            @fried: I have deposit notifications on my account :D

    • IvInoh on 24/08/2023 - 10:35

      Anyone got one of those $100 referral codes for Squirrel signup… :D

      • enfield on 24/08/2023 - 15:48

        This or maybe we can contact squirrel

      • IslandStyles on 24/08/2023 - 17:13
        +2

        I gave mine out to 11 people in the end, but so far only 8 signed up so far based on credit I got. So you could, try mine if you want, might work might.

  • jackvdbuk on 24/08/2023 - 08:39
    +3

    Consider bnz - ask for their special pricing team and can get term pie 9 months 6% which managed to get yesterday

    • nzmax on 24/08/2023 - 14:38

      I tried them a few weeks ago and they wouldn't give me a good rate. Usually you have to get them to beat another bank. What sort of figure were you putting in as I am guessing they may do better rates for higher deposits. ?

      • jackvdbuk on 24/08/2023 - 15:02

        Call BNZ
        Ask to be put through to the "special pricing team"
        Say you have seen the heartlands term pie at 6% 9 months and ask for monthly compounding
        I got approve a few days ago for that .

  • jedmeister on 24/08/2023 - 08:42

    These good deals usually have a lowish maximum limit.

    • jackvdbuk on 24/08/2023 - 13:01

      5 mill? Guess what's why we are on cheapies 🤣

      • jedmeister on 24/08/2023 - 16:01

        Actually the limit I've seen on some high interest offers is around $5000 or $10000.

        There are plenty of people around will big money in the bank!

        • nzmax on 24/08/2023 - 16:35

          ANZ needs you to have a 10k minimum. BNZs I think is 2k.

      • nzmax on 24/08/2023 - 16:34

        Some millionaires are some of the cheapest people. That is one reason to how they got rich. Warren Buffet is a good example.

  • cambridge on 24/08/2023 - 13:54

    Anyone using ANZ, ASB, BNZ and TSB Term Deposits? Which one is best in terms % ?

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