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The Heritage Bank Review

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The Heritage Bank Savings
0.30% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


The Heritage Bank first started operating in 1911 with its headquarters in Hinesville, Georgia. It handles assets of $547 million as well as $504 million in deposits, making it a medium-size bank. The Heritage Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. At a SmartAsset rating of 3.8 out of 5 stars, The Heritage Bank should be near the middle of the pack in your search for a bank. The Heritage Bank provides customers with a complete array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, The Heritage Bank's ordinary checking account does not have a monthly fee. Banks that offer free checking as well as a high interest rate savings account are the best option for accruing the highest income on your deposits while having easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

The Heritage Bank features a savings rate of 0.30%, which is poor compared to the national average. The Heritage Bank's one-year CD has a rate of 1.00% and the five-year CD earns at a rate of 1.55%, while its highest-yielding money market account has a rate of 0.30%. Given The Heritage Bank's poor savings rate, you should think about looking elsewhere to open savings accounts.

How The Heritage Bank's Savings Rates Compare

The Heritage Bank Savings 0.30 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

The Heritage Bank generally has extremely low fees in comparison to the national average. With no monthly fee, The Heritage Bank is ideal for people who want a basic banking experience. The Heritage Bank unfortunately doesn't refund out-of-network ATM fees, which means you will have to search for a The Heritage Bank ATM or accept the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

The Heritage Bank is a brick-and-mortar bank, with 17 total bank locations in Georgia. With mobile and web apps, The Heritage Bank makes mobile banking straightforward, even on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday and 8:00 a.m. to 5:00 p.m. ET. The Heritage Bank gets poor marks from customers for its mobile banking services. Out of 59 customer reviews across iOS and Android platforms, the The Heritage Bank mobile app has an overall rating of 2.2 out of 5 (compared to the national average of 3.8). You can use The Heritage Bank's app to manage your funds by checking account balances, sending and receiving money and accessing support representatives. The Heritage Bank gets an outstanding consumer satisfaction score due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 2.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

The Heritage Bank is a medium-size bank owning assets totaling $547 million as well as $504 million in deposits. Its Texas Ratio is 36.96%, suggesting that The Heritage Bank is in decent financial condition. Additionally, The Heritage Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare The Heritage Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.3% APY $10
Checking Account 0.2% APY $1
Certificates of Deposit
  • 12 Month: 1.00% APY
  • 24 Month: 1.15% APY
  • 36 Month: 1.35% APY
  • 48 Month: 1.45% APY
  • 60 Month: 1.55% APY
$500 for all terms
Money Market Account 0.3% APY $25000

The Heritage Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. The Heritage Bank does not have the best savings rate, which means you should consider taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. The Heritage Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a The Heritage Bank Near Me

The Heritage Bank has 17 locations in the U.S.

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