Heritage Bank is headquartered in Spicer and is the 34th largest bank in the state of Minnesota. It is also the 1,624th largest bank in the nation. It was established in 1964 and as of June of 2019, it had grown to 128 employees at 13 locations. Heritage Bank's savings rates are 3X the national average, and it has a B+ health rating.
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4/19 - Heritage Bank's Nationally Available eCentive Account Rate Soars
Two Months In
No problems opening account. Customer service was great when I had a password problem (my fault). I do have a small concern about security. When I was passed to a second person, she did not verify my identity. Great rate, easy requirements to get the rate. I hope that all the deposits they're getting helps with the health rating of the bank.
Working Well.
Heritage bank is new to this style of account. Opening was a bit rough.
They needed a picture of my driver's license, which I sent, and they lost.
They also lost my opening deposit check so I requested a trial deposit from my ally bank account but they would not let me look at my Heritage account to check the deposit amounts until a deposit was completed! Catch 22.
Have them initiate a deposit from your existing checking account..
Customer service was friendly and it was all straightened out. So far, everything is good.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19254 |
| Year Established | 1964 |
| Employees | 128 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.67% |
| Return on Equity - YTD | 7.33% |
| Annual Interest Income | $10.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $439.0MM$426.5MM |
| Loans | Q2 2019vs Q2 2018 | $344.3MM$361.2MM |
| Deposits | Q2 2019vs Q2 2018 | $381.8MM$366.0MM |
| Equity Capital | Q2 2019vs Q2 2018 | $40.8MM$38.5MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $4.4MM$4.6MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $7.6MM$10.3MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $485.00K$1.0MM |
Always verify rates and promotions with the bank or credit union. We are not Heritage Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Heritage Bank Savings Account Rates
Heritage Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.33%* | - | $25k | eCentive Account | ||
| OTHER TIERS: 0.15% → $25k+ | |||||
| 0.15% | $1k | - | Legacy Checking | ||
