Deposit Rates | Heritage Bank

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Rates

Check Out Our Latest CD Promo

SAVE MORE WITH OUR MONEY MARKET SPECIAL

 

Here. For Neighbors Ready To Put Their Money To Work.

Deposit Accounts

Deposit Rates - February 8, 2024

Money Market Accounts

Daily Balance

Interest Rate

Annual Percentage Yield (APY)*

$0.01 - $9,999.99

0.35%

0.35%

$10,000.00 - $24,999.99

0.45%

0.45%

$25,000.00 and over

0.55%

0.55%

See below for information about the current Money Market Special.
NOW Accounts and Heritage 50

Daily Balance

Interest Rate

Annual Percentage Yield (APY)*

$0.01 - $9,999.99

0.05%

0.05%

$10,000.00 - $24,999.99

0.10%

0.10%

$25,000.00 and over

0.15%

0.15%

Legacy Small Business Checking Account

Daily Balance

Interest Rate

Annual Percentage Yield (APY)*

$10,000.00 and over
no interest is paid on balances less than $10,000.00

0.10%

0.10%

Savings Accounts

Daily Balance

Interest Rate

Annual Percentage Yield (APY)*

$100.00 and over
no interest is paid on balances less than $100.00

0.10%

0.10%

IRA Savings Account

Daily Balance

Interest Rate

Annual Percentage Yield (APY)*

$0.01 and over

0.10%

0.10%

*APY is Annual Percentage Yield. Rates May Change. APY is accurate as of February 8, 2024. Fees may reduce earnings.

Certificates of Deposit

CDs

Term

Minimum Deposit to Open

Interest Rate

Annual Percentage Yield (APY)*

Early Withdrawal Penalty

7-31 Days

$1,500.00

0.10%

0.10%

1/2 of Term

32-90 Days

$1,500.00

0.20%

0.20%

15 Days

91-181 Days

$1,500.00

0.30%

0.30%

45 Days

182-364 Days

$1,500.00

0.40%

0.40%

3 Months

12 Months

$500.00

1.49%

1.50%

6 months

18 Months

$500.00

1.29%

1.30%

9 months

24 Months

$500.00

1.39%

1.40%

12 months

36 Months

$500.00

1.44%

1.45%

18 months

48 Months

$500.00

1.44%

1.45%

24 months

60 Months

$500.00

1.49%

1.50%

30 months

Day/YearTermMinimumPenaltyInterest Rate

Annual Percentage Yield

(APY)*

CD Special
365/366 6 Month $2,000.00 3 Months 4.88% 5.00%
*APY is Annual Percentage Yield. APY is accurate as of February 8, 2024. An early withdrawal penalty may be imposed. Public Funds ineligible for promotional CD rates.
Money Market Account Promo

Daily Balance

Interest Rate

Annual Percentage Yield (APY)*

$0.01 - $9,999.99 0.35% 0.35%

$10,000.00 - $24,999.99

0.45%

0.45%

$25,000.00 - $99,999.99

3.44%

3.50%

$100,000.00 and over

4.16%

4.25%

Special Money Market offers apply only to new money to Heritage Bank.

* APY is the annual percentage yield and all APYs disclosed are accurate as of February 8, 2024. Fees may reduce earnings. The minimum balance is the amount of principal in the account each day. A $25,000.00 minimum deposit is required to open the promotional money market account. In order to qualify for the Promotional Rate Tier of 3.44% interest rate and 3.50% APY you must keep a balance from $25,000.00 to $99,999.99 in your account. In order to qualify for the Promotional Rate Tier of 4.16% interest rate and 4.25% APY you must keep a balance of $100,000.00 or more in your account. The promotional rate is only available for new money, which is funds not on deposit at Heritage Bank within the last 12 months, deposited into a new promotional money market account at Heritage Bank. Stated APY’s will be paid on qualifying balances for 180 days from the date of account opening. After 180 days, all balances will be subject to the non-promotional variable rates being paid at that time on the Heritage Bank Money Market Account. When your balance falls into a particular rate tier, your entire balance will earn the applicable rate in effect for that tier. If your balance falls below $25,000.00 you will receive the regular variable Heritage Bank Money Market rates of $0.01 to $9,999.99, which will earn 0.35% APY; and balances of $10,000.00 to $24,999.99, which will earn 0.45% APY. If after account opening, your account balance is under $25,000.00 and receiving the regular rate, interest rates and APYs may change at any time. Member FDIC. Public Funds ineligible for the promotional Money Market.

 

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