Find the latest Heritage Bank CD Rates, Offers, and Promotions here.
Best CD Rates: 4.44% APY, 6-month or 12-month Triple Option CD Special, $25k min, additional deposits, unlimited rate bumps, penalty-free withdrawals possible (with limitations).
Availability: Nationwide
Credit Inquiry: Soft Pull
About Heritage Bank
Heritage Bank is headquartered in Spicer, Minnesota and was founded in 1964. Since then they have grown to 13 locations, offer savings rates that are 3X the national average, and it boasts an A health rating.
Heritage Bank offers a vast array of products including CD options for all of your specific financial needs. If you sign up with them you can be sure to find an account just right for you.
| Term | APY Rate | Minimum Deposit |
| 6-Month | 4.44% | $25,000 |
| 12-Month | 4.44% | $25,000 |
| 24-Month | 2.05% | $25,000 |
| 36-Month | 2.10% | $25,000 |
| 48-Month | 2.15% | $25,000 |
| 60-Month | 2.20% | $25,000 |
*The above rates are accurate as of 01/03/2023*
Heritage Bank CD Rates
CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer of a term, the higher APY rate you make.
Trip Option Includes:
Anytime Unlimited Rate Bump Up: You can reset the rate of your CD at any time to Heritage Bank’s posted rate, for any term equal to or greater than the current term. When the rate is reset, the CD term is also reset. Plus, you can bump the rate as many times as you want.
Penalty-Free Withdrawals: You can withdraw from your CD balance without penalty at any time during your CD’s term for medical expenses. The minimum amount is $1,000 per withdrawal.
Anytime Additional Deposits: You can add money to your CD at any time. The minimum is $1,000 per deposit and additions are allowed up to 100% of the CD’s original balance each term.
With only a opening deposit of $25,000, you can invest in a Heritage Bank CD account to maximize your earnings with a 4.44% APY. Compare their offers now to find the solutions that fit best with your savings goals.
- Minimum deposit: $25,000
- Maximum deposit: None
- Early withdrawal penalty:
- Maturity of six months or less: Three months loss of interest
- Maturity of greater than six months: Six months loss of interest
- Minimum penalty: $40.00
(FDIC Insured)
| Alliant Credit Union 12-Month Certificate (4.15% APY) | Quontic Bank CD (Up to 4.25% APY) |
| Western Alliance Bank 3-Month CD (4.50% APY) | Western Alliance Bank 12-Month CD (4.25% APY) |
| Ponce Bank 3-Month CD (4.20% APY) | Blue Federal Credit Union 9-Month No Penalty CD (3.75% APY) |
| Rising Bank 6-Month CD (4.70% APY) | Rising Bank 12-Month CD (4.40% APY) |
| Sun Canyon Bank 11-Month CD (3.98% APY) | |
Heritage Bank CD Features
- Low minimum balance requirement
- Competitive rates on all CD terms
- Free online and mobile banking
- Competitive dividend rates that are compounded daily and reinvested
- Insured by the FDIC up to the maximum allowed by law
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Bottom Line
With several different time slots to choose CD lengths from the Heritage Bank serves those nationwide. You can be sure to find an account that best fits all your banking needs. Take note that the minimum deposit is quite high so the APY rate may not be worth it.
While the rates are definitely worth a look, be sure to compare them with the nation’s best using our guides: CD Rates | Savings Rates.
This is a great opportunity to invest in a high-interest CD from Heritage Bank. However, you may want to compare them with our best CD Rates:
- 6-Month CD Rates
- 9-Month CD Rates
- 12-Month CD Rates
- 18-Month CD Rates
- 24-Month CD Rates
- 36-Month CD Rates
- 48-Month CD Rates
- 60-Month CD Rates
Be sure to apply as soon as you can to start your new account experience and start earning higher rates. Check back often for the latest Heritage Bank CD rates!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
The best part of this account is that it provides an option for accountholders to secure FDIC coverage beyond the standard limits. A single account owner can access up to $4 dollars of FDIC protection with a Jumbo Deposit account and its Insured Cash Sweep (ICS) option.
When you sign an ICS Deposit Placement Agreement, funds are placed with different FDIC insured banks through the ICS network. Yet, you receive one consolidated statement and interest payments through Heritage Bank.
The convenience of having one bank account with multi-million dollar FDIC insurance coverage is what makes this account unique. Learn more about Insured Cash Sweep at https://www.heritagebankna.com/fdic-limits/