Heritage Bank offers a variety of savings accounts. It has a Universal Savings account, a Flex Gold savings account for business, the Heritage Direct Savings account and the Jumbo Deposit account.
Both the Universal Savings account and the Flex Gold Savings account have a debit card available.
The Universal Savings has a low minimum to open ($50) and only requires a $50 average balance to avoid the $5 monthly maintenance fee.
If you are looking for the highest APY on a savings account at Heritage Bank, it’s the Jumbo Deposit account. During our review, it had a competitive APY, but that APY is only available if you have a minimum balance of $230,000.
The Heritage Direct Savings Account is a way for those with at least $1,000, but less than $100,000, to earn an APY that’s higher than the national average.
The Jumbo Deposit account can help those who keep at least $230,000 in the account earn an APY that’s even higher than the Heritage Direct Savings account.
You can still find higher yields elsewhere.
You need at least $230,000 to earn the top APY with the Jumbo Deposit account and balances under $100,000 earn less than the national average APY.