CBS Top Rate Term Deposit

The CBS Top Rate Term Deposit is our premier CBS Term Deposit account.

The range of features allows you to keep your term deposit account simple, knowing that you can add to the deposit, and you are always on the current market interest rate.

Account features at a glance -

• Choice of 12, 24, or 36 month terms provide medium or longer term options so your money grows the way you want it to.
• Interest is paid 3 monthly so you get regular income, or the benefit of more regular compound interest.
• Minimum deposit only $1,000, Maximum $500,000.
• You can add additional funds to your deposit at any time during the term. Minimum amount is $1,000, Maximum amount is $250,000.
• Tiered Interest Rates available - see our current Interest Rates for details on rates and tiers.
• At any time during the term you can convert your deposit to a fixed rate term. Term must be equal to or longer than the existing term. This allows you to lock into the fixed rate if you think that market rates were going to fall significantly in the time ahead.
• There are no fees with a CBS Top Rate Term Deposit.
• When you deposit your funds initially you will be issued with a term deposit certificate.
• Just prior to your term deposit maturing you will receive a maturity advice notice, indicating that you have options on maturity to re-invest your money, transfer it to another account or withdraw your funds.

If you are opening a CBS Term Deposit with Heartland Building Society for the first time call 0800 CBS CBS (0800 227 227) to find out about making the process simple, then drop into a branch to complete the application.