Deposit Rates | Heritage Bank

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Rates

Check Out Our Latest CD Promo

NEW MONEY MARKET SPECIAL NOW LIVE

 

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

Deposit Accounts

Deposit Rates - November 15, 2022

Money Market Accounts

Deposit Amount

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

 

See below for information about the current Money Market Special.

0.15%

0.15%

NOW Accounts and Heritage 50

Deposit Amount

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

Deposit Amount

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

Deposit Amount

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

Deposit Amount

Interest Rate

Annual Percentage Yield (APY)*

$0.01 and over

0.10%

0.10%

Certificates of Deposit

CODs

Term

Minimum Deposit to Open

Interest Rate

Annual Percentage Yield (APY)*

Early Withdrawal Penalty

7-31 Days

$1,500.00

0.05%

0.05%

1/2 of Term

32-90 Days

$1,500.00

0.10%

0.10%

15 Days

91-181 Days

$1,500.00

0.15%

0.15%

45 Days

182-364 Days

$1,500.00

0.20%

0.20%

3 Months

12 Months

$500.00

0.50%

0.50%

6 months

18 Months

$500.00

0.30%

0.30%

9 months

24 Months

$500.00

0.40%

0.40%

12 months

36 Months

$500.00

0.45%

0.45%

18 months

48 Months

$500.00

0.45%

0.45%

24 months

60 Months

$500.00

0.50%

0.50%

30 months

Day/YearTermMinimumPenaltyInterest RateAPY
CD Specials
365/366 10 Month $2,000.00 3 Months 2.96% 3.00%
365/366 18 Month $2,000.00 9 Months 3.20% 3.25%

Money Market Account Special

Deposit Amount

Interest Rate

Annual Percentage Yield (APY)*

$0.01 - $9,999.00 0.05% 0.05%

$10,000 - $24,999.99

0.10%

0.10%

$25,000.00 and over*

2.50%

2.53%

* Conditions for Money Market Special: $25,000 is the minimum deposit required. The Special is open to consumers and businesses, but public funds are excluded. The promotional rate is only available for new money deposited into a new promotional money market account at Heritage Bank. New money is defined as funds not on deposit at Heritage Bank within the last 12 months. Stated APYs will be paid on qualifying balances for 180 days from the date of account opening. After 180 days, all balances are subject to the bank's non-promotional variable rates. In order to qualify for the Promotional Rate of 2.50% interest rate and 2.53% APY, you must keep a balance of at least $25,000 in your account. If your balance falls into a particular rate tier below $25,000, your entire balance will earn the applicable rate in effect for that tier.

 

Annual Percentage Yields (APY’s) are accurate as of 11/15/2022. Rates may change after account opening. Fees may reduce earnings. On Certificates of Deposit, an early withdrawal penalty will apply, as noted on each product above. Public Funds ineligible for promotional CD rates.

 

 

 

 
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