Unlike traditional Certificates of Deposit (CD),
our Triple Option CD gives you valuable benefits:
Concerned you might miss out on rising interest rates?
BENEFIT #1: 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.
Concerned you might need the money for medical expenses?
BENEFIT #2: Penalty-Free For Medical 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.
Want to simplify by combining balances into one CD?
BENEFIT #3 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.
CURRENT CERTIFICATE OF DEPOSIT RATES
| Term | $2,000 Min. Balance1 for APY2 | $25,000 Min. Balance1 for APY2 | $75,000 Min. Balance1 for APY2 | 6 Month (Interest Rate) | 3.30% APY 2 (3.27%) | 3.30% APY 2 (3.27%) | 3.30% APY 2 (3.27%) |
| 12 Month | 3.60% APY 2 | 3.60% APY 2 | 3.60% APY 2 |
| 18 Month Special3 | 4.00% APY 2 | 4.00% APY 2 | 4.00% APY 2 |
| 24 Month | 1.05% APY 2 | 2.05% APY 2 | 2.80% APY 2 |
| 36 Month | 1.10% APY 2 | 2.10% APY 2 | 2.85% APY 2 |
| 48 Month | 1.15% APY 2 | 2.15% APY 2 | 2.90% APY 2 |
| 60 Month | 1.20% APY 2 | 2.20% APY 2 | 2.95% APY 2 |
- Minimum balance to open the account and to obtain the stated APY
- APY = Annual Percentage Yield. Penalty fees may reduce earnings.
- This CD automatically renews after maturity date at a 12-month term with that term’s rate.
CD rates effective as of February 21, 2025.
CERTIFICATE OF DEPOSIT DETAILS
- $2,000 minimum opening deposit.
- FDIC insured. Maximize your FDIC insurance coverage with CDARS.
- Automatic renewal after maturity date.
- Ten-day grace period after maturity to redeem.
- Standard early withdrawal penalty (excluding withdrawals for medical expenses)
- 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