Heartland Bank named Bank of the Year - Savings

Interest rate offers, zero fees impress judges

Heartland Bank named Bank of the Year - Savings

Heartland Bank has been named Canstar Bank of the Year - Savings for a sixth consecutive year.

The 2023 savings award is given to the organisation that offers customers the strongest combination of products, features and tools across savings accounts and term deposit offerings, assessed within Canstar’s Savings Account Star Ratings profiles.

Heartland Bank said that all three of its savings accounts were awarded as “Outstanding Value Savings Accounts”, with five-star ratings. This included its Direct Call Account, its 32-day Notice Saver Account, and its newest account, the 90-day Notice Saver Account.

The Notice Saver products offer some of the highest interest rates in the market, the bank said.

Heartland Bank general manager of retail Keira Billot (pictured above right with Canstar New Zealand general manager Jose George), said that the bank’s savings accounts and term deposits were designed to help Kiwis “do more with their money”.

“Being named the ‘Canstar Bank of the Year - Savings’ consistently for the past six years, and with all three of our savings products now awarded a five-star rating, is a true reflection of our commitment to providing quality products our customers value,” Billot said.

She described winning the award as “a real testament” to the consistent effort made by the  Heartland Bank team to ensure customers were offered the best service and savings products available.

Canstar New Zealand general manager Jose George acknowledged that savings formed an important part of anyone’s financial toolkit.

The win reinforced Heartland Bank’s place as the leader in savings for New Zealanders, he said.

“Having a pot of funds which are either easily accessible funds or earning high interest is important for those ‘rainy day’ moments or unexpected emergencies,” George said.

Heartland Bank impressed judges with its high interest rate offers and fee-free accounts, he said.

“Heartland Bank’s customers will appreciate these generous offers, particularly given rising living costs. This award is well deserved, and we congratulate Heartland Bank for the continuation of its winning streak,” George said.

In April 2023, Heartland Bank and TSB were the winners of the Outstanding Value Home Lender Award for the Canstar Residential Home Lender category.

More recently, Heartland Bank spoke about how reverse mortgages were increasingly used by retirees to repay traditional mortgage debt, to free up monthly income.

Are mortgage customers increasingly looking for value from their savings accounts? Share your thoughts in the comments section below.