Heritage Bank

Overview / Commentary

www.heritagebankna.com

320-796-0215

110 W South St
Spicer, MN 56288

Heritage Bank is headquartered in Spicer and is the 33^rd largest bank in the state of Minnesota. It is also the 1,609^th largest bank in the nation. It was established in 1964 and as of December of 2018, it had grown to 128 employees at 13 locations. Heritage Bank's savings rates are 3X the national average, and it has a C+ health rating.

View all posts from:

2018
2012
2009
Earlier

4/19 - Heritage Bank Triple Option Cds - Interesting Features
4/19 - Heritage Bank's Nationally Available eCentive Account Rate Soars

6/27 - Updated Review of Heritage Bank's Reward Checking Account

7/18 - 2.14% Reward Checking Account With No Balance Cap at Heritage Bank in MN - Nationally Available
5/22 - Heritage Bank's New Online Savings Account - 4.60%

9/9/06 - Heritage Direct Online Savings Account Now 5.20%
7/6/06 - Heritage Direct Savings Account Now 5.06%
4/15/06 - Heritage Direct Savings Account Now 4.72%

Reviews (2)

Write a Review

Two Months In

Posted by: m0nster2 | Aug 11, 2018

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.

Comment

Working Well.

Posted by: alfloiz | Jun 11, 2018

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.

Health

C+

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	19254
Year Established	1964
Employees	128
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.37%
Return on Equity - YTD	4.06%
Annual Interest Income	$20.3MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$434.8MM$412.1MM
Loans	Q4 2018vs Q4 2017	$339.2MM$347.3MM
Deposits	Q4 2018vs Q4 2017	$380.5MM$346.7MM
Equity Capital	Q4 2018vs Q4 2017	$37.8MM$39.3MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$4.7MM$5.0MM
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$9.4MM$2.9MM
Real Estate Owned	Q4 2018vs Q4 2017	$2.7MM$2.3MM

Rates

Skip to rates for:

Savings
Checking
CD

Report an Issue

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

APY	MIN	MAX	ACCOUNT NAME
1.76%^*	$230k^*	-	Jumbo Deposit Account
OTHER TIERS: 0.10% → Up to $100k \| 1.66% → $100k - $230k
1.76%^*	$230k^*	-	Business Jumbo Deposit Account
OTHER TIERS: 0.10% → Up to $100k \| 1.66% → $100k - $230k
0.95%	$1k	-	HeritageDirect Savings
0.95%	$1k	-	Business HeritageDirect Savings
0.75%^*	$199k^*	-	Flex Gold Savings
OTHER TIERS: 0.20% → $1k - $50k \| 0.25% → $50k - $99k \| 0.50% → $99k - $199k
0.75%^*	$199k^*	-	Business Flex Gold Savings
OTHER TIERS: 0.20% → $1k - $50k \| 0.25% → $50k - $99k \| 0.50% → $99k - $199k
0.50%^*	$10k^*	-	Health Savings Account
OTHER TIERS: 0.15% → Up to $1k \| 0.25% → $1k - $2.5k \| 0.30% → $2.5k - $5k \| 0.35% → $5k - $10k
0.50%^*	$10k^*	-	Business Health Savings Account
OTHER TIERS: 0.15% → Up to $1k \| 0.25% → $1k - $2.5k \| 0.30% → $2.5k - $5k \| 0.35% → $5k - $10k
0.15%	-	-	Universal Savings
0.15%	-	-	Business Universal Savings

Heritage Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.33%	-	$25k	eCentive Account
0.15%	$1k	-	Legacy Checking

Heritage Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.47%^*	$25k^*	-	60 Month Triple Option CD
OTHER TIERS: 2.27% → $2k - $10k \| 2.37% → $10k - $25k
2.47%^*	$25k^*	-	Business 60 Month Triple Option CD
OTHER TIERS: 2.27% → $2k - $10k \| 2.37% → $10k - $25k
2.32%^*	$25k^*	-	36 Month Triple Option CD
OTHER TIERS: 2.12% → $2k - $10k \| 2.22% → $10k - $25k
2.32%^*	$25k^*	-	Business 36 Month Triple Option CD
OTHER TIERS: 2.12% → $2k - $10k \| 2.22% → $10k - $25k
2.07%^*	$25k^*	-	48 Month Triple Option CD
OTHER TIERS: 1.87% → $2k - $10k \| 1.97% → $10k - $25k
2.07%^*	$25k^*	-	Business 48 Month Triple Option CD
OTHER TIERS: 1.87% → $2k - $10k \| 1.97% → $10k - $25k
1.71%	$2k	-	24 Month Triple Option CD
1.71%	$2k	-	Business 24 Month Triple Option CD
1.22%	$2k	-	12 Month Triple Option CD
1.22%	$2k	-	Business 12 Month Triple Option CD
0.85%	$2k	-	6 Month Triple Option CD
0.85%	$2k	-	Business 6 Month Triple Option CD
0.28%	$2k	-	3 Month Triple Option CD
0.28%	$2k	-	Business 3 Month Triple Option CD

Locations

Availability

Minneapolis Area

Minneapolis Area bank & credit union details

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.