Certificate of Deposit

Heritage Bank currently offers a wide variety of CDs.

We can help you choose which maturity term and interest rate best fits your needs. Certificates of Deposit are a low-risk investment providing you with a higher fixed interest rate than a daily savings account and the assurance that each dollar you invest will be returned at maturity, plus interest! Some of Heritage Bank’s Certificates of Deposit are automatically renewable for your convenience.

You can have your interest paid by check or deposited directly into another Heritage Bank account of your choice. We offer competitive interest rates and have representatives available to discuss your options at anytime! Choose the one that suits your savings needs. We offer a time frame from 91 days to 10 years. The minimum starting amount for any certificate of deposit is $500.

Our Certificates of Deposit compound daily, interest is calculated on a 365 day year, and have a 10 day grace period after maturity. The minimum balance to obtain the annual percentage yield for all CDs is $500.00. Cash Secured Lines are allowed to anyone who has a CD at Heritage Bank. Penalties are assessed for early withdrawals, except in circumstances required by law.  Fees may reduce earnings.

No additions are allowed until maturity and must be within 10 day grace period after maturity. All certificates except the Jumbo and Mini-Jumbo or any specially offer CD automatically renew at maturity for a like term at the rate in effect on a certificate of that class.

All rates are subject to change daily. Please call to confirm these interest rates. The phone number for our main branch in Covington is (985) 892-4565 and our branch in Slidell can be reached at (985) 641-3555. Or call toll free at 1-800-646-1658.

New & Renewal Business Out of State CDs - Call for Rates.

CURRENT CD RATES

91 DAY CERTIFICATE

Minimum Balance $500.00

InterestRate  |  0.20%

Annual Percentage Yield  |  0.20%

6-MONTH CERTIFICATE

Minimum Balance $500.00

InterestRate  |  0.75%

Annual Percentage Yield  |  0.75%

1 YEAR CERTIFICATE

Minimum Balance $500.00 | IRA Minimum Balance $100.00

InterestRate  |  1.10%

Annual Percentage Yield  |  1.11%

1 ½ YEAR CERTIFICATE

Minimum Balance $500.00 – IRA Minimum Balance $100.00

InterestRate  |  1.10%

Annual Percentage Yield  |  1.11%

2 YEAR BUMP OPTION CERTIFICATE

Minimum Balance $500.00

InterestRate  |  1.25%

Annual Percentage Yield  |  1.26%

Rate may be changed one time at the customer’s request in writing during the term of the CD.

2 ½ YEAR CERTIFICATE OF DEPOSIT

Minimum Balance $500.00 – IRA Minimum Balance $100.00

InterestRate  |  1.30%

Annual Percentage Yield  |  1.31%

3 YEAR CERTIFICATE OF DEPOSIT

Minimum Balance $500.00 – IRA Minimum Balance $100.00

InterestRate  |  1.35%

Annual Percentage Yield  |  1.36%

4 YEAR BUMP OPTION CERTIFICATE OF DEPOSIT

Min Balance $500.00 – Renewals only at this time.

InterestRate  |  1.30%

Annual Percentage Yield  |  1.31%

Rate may be changed one time at the customer’s request in writing after the first 24 months of the initial or any renewal term.

5 YEAR CERTIFICATE OF DEPOSIT

Minimum Balance $500.00

InterestRate  |  1.70%

Annual Percentage Yield  |  1.71%

7 YEAR CERTIFICATE OF DEPOSIT

Minimum Balance $500.00

InterestRate  |  1.70%

Annual Percentage Yield  |  1.71%

10 YEAR CERTIFICATE OF DEPOSIT

Minimum Balance $500.00 – Renewals only at this time

InterestRate  |  1.75%

Annual Percentage Yield  |  1.77%

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*APY = Annual Percentage Yield

ALL RATES ARE SUBJECT TO CHANGE DAILY.

SUBSTANTIAL PENALITIES FOR EARLY WITHDRAWALS FROM CERTIFICATES OF DEPOSIT
CALL THE PHONE NUMBERS BELOW FOR FURTHER INFORMATION

Please call to confirm these interest rates. These rates are for local depositors only. The phone number for the main office in Covington, Louisiana is (985) 892-4565 or 1-800-646-1658, our branch in Slidell, Louisiana can be reached at (985) 641-3555.