Transaction Accounts

There is nothing too complicated about our transaction accounts.
General Transaction Account (S1)
The S1 Transaction Account is your main account. This account is automatically opened when you first join Bank of Heritage Isle.
More Info |
Feature |
General Account |
Cheque Facility |
Yes |
Visa Debit Card |
Yes - (Conditions apply) |
Passbook |
No |
Overdraft facility - (subject to application and assessment) |
Yes (Conditions apply) |
Statement Frequency - quarterly |
Yes |
Direct Debit facility |
Yes |
Direct Credit facility |
Yes |
Bill Payment Service |
Yes |
Internet/Mobile access |
Yes |
Interest Payable |
No |
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This table is provided as a guide only. Terms and conditions are available on application or request. |
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Junior Saver Account (S2)
A special transaction account is available if you are under 18 years of age. This account receives a higher interest rate, to encourage savings as well as free incentive gifts, for those Members under 16 years, when they reach various balance targets.
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Free incentive gifts once you reach targets
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Higher rate of interest
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Online access
View our interest rates |
0.50%pa
interest rate
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|
More Info |
Feature |
Junior Account |
Cheque Facility |
No |
Visa Debit Card |
Yes (Conditions Apply) |
Passbook |
Yes |
Overdraft facility |
No |
Interest Calculated on Minimum Monthly Balance |
Yes |
Interest Payable |
Yes |
Tiered Interest Rates Apply |
No |
Statement Frequency - Quarterly |
Yes |
Direct Debit facility |
Yes |
Direct Credit facility |
Yes |
Bill Payment Service |
Yes |
Internet/Mobile access |
Yes |
This table is provided as a guide only. Terms and conditions are available on application or request.
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Christmas Club Account (S5)
Whilst Christmas is a wonderful time to enjoy with family and friends it also brings with it considerable financial pressure. A modest allocation each week can mean your Christmas expenses are well and truly covered. This account is "locked" to withdrawals between 1st February and 31st October each year.
More Info |
Feature |
Christmas Club Account |
Cheque Facility |
No |
Visa Debit Card |
No |
Passbook |
No |
Overdraft facility |
No |
Statement Frequency - Quarterly |
Yes |
Interest Calculated on Minimum Monthly Balance |
Yes |
Interest Payable |
Yes |
Tiered Interest Rates Apply |
No |
Bill Payment Service |
Yes |
Direct Debit facility |
No |
Direct Credit facility |
Yes |
Internet/Mobile access |
Yes |
This table is provided as a guide only. Terms and conditions are available on application or request.
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Budget Savings Account (S6)
This account, attracts no credit interest, and can be utilised as a deduction savings account for specific period payments. This assists in budgeting for your normal monthly payments like your electricity bill.
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No credit interest
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Assists with budgeting for monthly payments
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No account keeping fee
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No ATM access to avoid temptation
View our interest rates |
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More Info |
Feature |
Budget Account |
Cheque Facility |
No |
Visa Debit Card |
No |
Passbook |
No |
Overdraft facility |
No |
Bill Payment Service |
Yes |
Interest Calculated on Minimum Monthly Balance |
No |
Interest Payable |
No |
Tiered Interest Rates Apply |
No |
Statement Frequency - Quarterly |
Yes |
Direct Debit facility |
Yes |
Direct Credit facility |
Yes |
Internet/Mobile access |
Yes |
This table is provided as a guide only. Terms and conditions are available on application or request.
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Investment at Call Account (S8)
The account is intended to encourage Members to save by providing a higher interest rate than your General Transaction Account.1
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Online access
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Higher rate of interest
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Funds available at call
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No ATM access to avoid temptation
View our interest rates |
Up to 1.35%pa
interest rate
|


|
More Info |
Feature |
Investment on Call Account |
Cheque Facility |
No |
Visa Debit Card |
No |
Passbook |
No |
Overdraft facility |
No |
Bill Payment Service |
Yes (Conditions apply) |
Interest Calculated on Minimum Daily Balance |
Yes |
Interest Payable |
Yes |
Tiered Interest Rates Apply |
Yes |
Statement Frequency - Quarterly |
Yes |
Direct Debit facility |
Yes (Conditions apply) |
Direct Credit facility |
Yes |
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This table is provided as a guide only. Terms and conditions are available on application or request.
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Planned Savings Account (S10)
This account is a Special Purpose account to fulfil a particular savings need (such as travel) or to fund any expense (to pay your regular bills)
More Info |
Feature |
Planned Savings Account |
Cheque Facility |
No |
Visa Debit Card |
No |
Passbook |
No |
Overdraft facility |
No |
Bill Payment Service |
Yes |
Interest Calculated on Minimum Monthly Balance |
No |
Interest Payable |
No |
Tiered Interest Rates Apply |
No |
Statement Frequency - Quarterly |
Yes |
Direct Debit facility |
Yes |
Direct Credit facility |
Yes |
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This table is provided as a guide only. Terms and conditions are available on application or request.
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Questions?
If you have any questions, please contact us
1.The right to earn the published higher rates is dependent on a number of factors which are set out in the Terms and Conditions for these products.