Heritage Bank National Association savings and CD rates
Heritage Bank National Association's Jumbo Savings Account advertises 0.51% to 1.53% APY on balances under $230,000, and 2.77% from $230,000. On a $10,000 balance the account earns 0.51% overall, about $51 in a year, which is 0.13 percentage points above the national savings average of 0.38% (FDIC, Oct 2026).
Ranked #365 of 3052 tracked savings rates by advertised APY. For a $10,000 balance it would rank #856.
Estimate your earnings·What Heritage Bank National Association actually pays
Heritage Bank National Association at a glance
| Savings | |
|---|---|
| Top savings APY | Up to 2.77% · Jumbo Savings Account · needs at least $230,000 |
| Minimum to open | $1,000 · Jumbo Savings Account |
| Against the national average | 2.39 percentage points above the 0.38% FDIC savings average (Oct 2026) |
| CDs | |
| Top CD APY | 3.75% · 12 months · 12 Month Triple Option CD |
| Minimum to open | $2,000 · 12 months CD |
| Against the national average | 1.99 percentage points above the 1.76% FDIC 12-month CD average (Oct 2026) |
| FDIC certificate | 19254 · Spicer, MN |
|---|---|
| Website | www.heritagebankna.com |
| Branches | 4 branches in MN |
| Availability | Available in MN |
Heritage Bank National Association savings and CD rates
Personal
How the rate applies
How the rate applies
IRA
Rates are APY. The national savings average is 0.38% (FDIC, Oct 2026). The top tracked savings rate on Banksparency is 12.00%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.65%, and one account in ten advertises 4.20% or more. See the highest savings rates.
Heritage Bank National Association CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 6 months | 3.00% | $2,000 | 6 Month Triple Option CD |
| 12 months | 3.75% | $2,000 | 12 Month Triple Option CD |
| 24 months | Up to2.80%Needs at least $75,000 | $2,000 | 24 Month Triple Option CD |
| 36 months | Up to2.85%Needs at least $75,000 | $2,000 | 36 Month Triple Option CD |
| 48 months | Up to2.90%Needs at least $75,000 | $2,000 | 48 Month Triple Option CD |
| 60 months | Up to2.95%Needs at least $75,000 | $2,000 | 60 Month Triple Option CD |
| IRA CDs | |||
| 6 months | 3.00% | $2,000 | 6 Month IRA Triple Option CD |
| 12 months | 3.75% | $2,000 | 12 Month IRA Triple Option CD |
| 24 months | Up to2.80%Needs at least $75,000 | $2,000 | 24 Month IRA Triple Option CD |
| 36 months | Up to2.85%Needs at least $75,000 | $2,000 | 36 Month IRA Triple Option CD |
| 48 months | Up to2.90%Needs at least $75,000 | $2,000 | 48 Month IRA Triple Option CD |
| 60 months | Up to2.95%Needs at least $75,000 | $2,000 | 60 Month IRA Triple Option CD |
Interactive Tool
Calculate Savings for Heritage Bank National Association
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$191.20(1.3%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,191.20
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Heritage Bank National Association pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined. The 2.77% needs a balance of at least $230,000. Below that, the account advertises 0.51%.
In Q2 2026, Heritage Bank National Association paid a higher average rate on savings and money market deposits than 55% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Heritage Bank National Association, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Jumbo Savings Account | Up to 2.77% | $1,000 | $0 | None | not stated | not stated | Tiered | not enough history |
| Fine print: This account is managed online only. No checks or debit cards are available. A $15 monthly fee applies when paper statements are mailed. | ||||||||
| Health Savings Account | 2.02% | $50 | $0 | None | not stated | not stated | Tiered | not enough history |
| Fine print: A $30 setup fee is due when the HSA is established and may be deferred for up to 30 days. Each in-bank withdrawal costs $10. | ||||||||
| Heritage Direct Savings Account | 0.14% | $1,000 | $1,000 | None | not stated | not stated | One rate | not enough history |
| Fine print: Once opened, the account is for online use only. No debit card is available. Monthly eStatements and a valid email address are required to open the account. | ||||||||
| Universal Savings Account | 0.05% | $50 | $0 | None | not stated | not stated | One rate | not enough history |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| Personal CDs | |||||
| 6 Month Triple Option CD | 6 months | 3.00% | $2,000 | not stated | not stated |
| 12 Month Triple Option CD | 12 months | 3.75% | $2,000 | not stated | not stated |
| 24 Month Triple Option CD | 24 months | Up to 2.80% | $2,000 | not stated | not stated |
| 36 Month Triple Option CD | 36 months | Up to 2.85% | $2,000 | not stated | not stated |
| 48 Month Triple Option CD | 48 months | Up to 2.90% | $2,000 | not stated | not stated |
| 60 Month Triple Option CD | 60 months | Up to 2.95% | $2,000 | not stated | not stated |
| IRA CDs | |||||
| 6 Month IRA Triple Option CD | 6 months | 3.00% | $2,000 | not stated | not stated |
| 12 Month IRA Triple Option CD | 12 months | 3.75% | $2,000 | not stated | not stated |
| 24 Month IRA Triple Option CD | 24 months | Up to 2.80% | $2,000 | not stated | not stated |
| 36 Month IRA Triple Option CD | 36 months | Up to 2.85% | $2,000 | not stated | not stated |
| 48 Month IRA Triple Option CD | 48 months | Up to 2.90% | $2,000 | not stated | not stated |
| 60 Month IRA Triple Option CD | 60 months | Up to 2.95% | $2,000 | not stated | not stated |
Fine print for 6 CDs above: The rate can be reset to the bank's posted rate at any time, any number of times, and a reset also restarts the term. Withdrawals for medical expenses are penalty-free, at $1,000 or more each. Additional deposits of $1,000 or more are allowed, up to 100% of the original balance each term. At maturity the CD renews at a 12-month term.
Opening and using the account
| Availability | Available in MN |
|---|---|
| Footprint | 4 branches in MN |
| Eligibility | not stated |
How Heritage Bank National Association behaves over time
- Rate last changed
- Oct 17, 2026(effective date)
$10,000 in Heritage Bank National Association's Jumbo Savings Account earns 0.51% overall at the advertised rates, so it grows to $10,051 in a year. Prices rose 3.7% in the year to September 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,689 does today. See how the federal funds rate shapes savings rates.
Heritage Bank National Association CD rates over time
Who is Heritage Bank National Association?
| Headquarters | Spicer, MN |
|---|---|
| Founded | 1964 |
| Scale | $361M assets · $286M deposits, $228M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 19254 |
| Charter state | Minnesota · one of 223 insured banks chartered there (Q2 2026, FDIC) |
| Size | 2,288th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 0% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Heritage Bank National Association pays on deposits above.
Common questions about Heritage Bank National Association
Is Heritage Bank National Association FDIC insured?
Yes. Heritage Bank National Association is FDIC insured under certificate 19254, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Heritage Bank National Association?
Heritage Bank National Association requires a minimum deposit of $1,000 to open its Jumbo Savings Account, as observed on Oct 17, 2026. Check the bank's current terms before you open an account.
Does the 2.77% apply to my whole balance?
The 2.77% needs a balance of at least $230,000. Below that, the account advertises 0.51%. Rates are as observed on Oct 17, 2026.
Does Heritage Bank National Association have branches?
Yes. Heritage Bank National Association operates 4 branches according to FDIC branch records, in addition to its website and mobile apps.
Heritage Bank National Association against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Heritage Bank National Association | Up to2.77% | 1.57% | $1,000 | 4 branches in MN |
| Gateway Bank | Up to2.78% | 2.10% | $10,000 | 2 branches in MN |
| Minnwest Bank | Up to2.78% | 2.02% | $10,000 | 36 branches in MN, SD |
| Toyota Financial Savings Bank | Up to2.78% | 2.99% | $500 | None for this account (online only) |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Heritage Bank National Association's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Minnesota, nearest to Heritage Bank National Association in deposits:
Rate hubs: today's highest savings rates, and CD rates by term.
State pages: savings rates in Minnesota, and banks in Minnesota.