Unsupervised Video Object Segmentation (UVOS) aims to predict pixel-level masks for the most salient objects in videos without any prior annotations. While memory mechanisms have been proven critical in various video segmentation paradigms, their application in UVOS yield only marginal performance gains despite sophisticated design. Our analysis reveals a simple but fundamental flaw in existing methods: over-reliance on memorizing high-level semantic features. UVOS inherently suffers from the deficiency of lacking fine-grained information due to the absence of pixel-level prior knowledge. Consequently, memory design relying solely on high-level features, which predominantly capture abstract semantic cues, is insufficient to generate precise predictions. To resolve this fundamental issue, we propose a novel hierarchical memory architecture to incorporate both shallow- and high-level features for memory, which leverages the complementary benefits of pixel and semantic information. Furthermore, to balance the simultaneous utilization of the pixel and semantic memory features, we propose a heterogeneous interaction mechanism to perform pixel-semantic mutual interactions, which explicitly considers their inherent feature discrepancies. Through the design of Pixel-guided Local Alignment Module (PLAM) and Semantic-guided Global Integration Module (SGIM), we achieve delicate integration of the fine-grained details in shallow-level memory and the semantic representations in high-level memory. Our Hierarchical Memory with Heterogeneous Interaction Network (HMHI-Net) consistently achieves state-of-the-art performance across all UVOS and video saliency detection benchmarks. Moreover, HMHI-Net consistently exhibits high performance across different backbones, further demonstrating its superiority and robustness. Project page: https://github.com/ZhengxyFlow/HMHI-Net .