Heartland Bank wins Canstar’s Bank of the Year | Savings 2021

In a highly competitive market, one bank stands above the others when it comes to savings accounts: Heartland Bank.

Heartland Bank has only been in the market for just over eight years. However, this is the bank’s fourth consecutive win of Canstar’s annual Savings Award, which is a great achievement for the smaller, challenger bank.

Canstar’s Award for Bank of the Year | Savings is awarded to the institution that offers customers the strongest combination of products, features and tools across savings accounts and term deposit offerings. Of course, costs, fees and the interest rates on offer also play a vital part in our ratings methodology.

Yet again, Heartland won our Bank of the Year | Savings award due to its strong combination of products, features, savings tools and flexibility. For interest paid, its Flexi Saver rates are the best in the market, while its competitive Term Deposit offerings were also a factor in its win.

Jose George, Canstar General Manager, says Heartland Bank offers tangible rewards for those who want to save.

“Savings matter, particularly for those who are older or need security over their finances. We are pleased to see Heartland Bank continuing to support the financial wellbeing of Kiwis who choose to save, despite the low interest rate environment.

“As interest rates rise, we would expect to see savings accounts once again become a valuable part of Kiwis’ overall financial toolkit. The stability and easy access to finances can be extremely helpful for many.”

Andrew Ford, General Manager, Retail, Heartland Bank, says it’s an honour win further recognition for the bank’s savings accounts.

“This award recognises the ongoing commitment we make to provide a suite of market-leading products that offer great returns, even in a low interest rate environment.

“Our Direct Call Account has also consistently been recognised as a market-leading call account, now being awarded Canstar’s 5-Star Rating for Outstanding Value for six years in a row – that’s something we’re really proud of.”

For more information on our savings account star ratings and Heartland Bank’s win, just click on the button below:

Read more about Canstar's Savings Account Star Ratings here!