Deposits

We understand that finance options for primary producers needs to be flexible. 

That’s why, in conjunction with Rural Bank, Elders provides a range of everyday transactional accounts and a choice of saving or investment accounts. Each are designed with the needs of farmers in mind.

Everyday and Transactional accounts

Seasonal Account 

The Rural Bank Seasonal Account is designed to be used for all your day-to-day needs, while paying interest on credit balances. With no minimum opening or ongoing balance requirement, you can also apply for an overdraft limit for your Seasonal Account at any time.

Learn more about Rural Bank's Seasonal Account > 

Gold Cash Management Account

Rural Bank’s Gold Cash Management Account is a flexible, easy access day-to-day personal or business transaction account. With a minimum deposit of $5,000, this account combines low cost services, while giving you convenient access to your funds.

Learn more about Rural Bank's Gold Cash Management Account > 

Savings and Investment Accounts

Everyday Account

An Everyday Account with Rural Bank is a simple account for those who want flexible options for their everyday personal banking.  Access your funds through ATMs and EFTPOS or transact through select Australia Post outlets and online. There is even a special Everyday Account for retirees. 

Learn more about Rural Bank's Everyday Account > 

Term Deposits

Rural Bank’s term deposits are ideal for those who don’t need immediate access to their funds and minimum deposit is just $500.

Terms range from one month to five years, with your interest fixed at competitive rates for the chosen term. You may also be able to nominate the frequency of your interest payments.

Learn more about Rural Bank's term deposits >

Farm Management Deposits

A Farm Management Deposit account (FMD) allows you to set aside pre-tax income in the profitable years and earn interest on it. 

Fixed rate and variable rate options are available. Eligibility criteria, minimum balances and terms apply. 

Learn more about Farm Management Deposits > 

Interest rates advertised are correct as at the date of publication and subject to change without notice.

Disclaimer: This information has been prepared without taking into account your personal circumstances, objectives, financial situation or needs. For farm management deposits special legislative requirements must be adhered to and you should consult your taxation advisor before making a decision to invest in a farm management deposit. Terms, conditions, fees and charges apply. Full details are available on application by phoning the Rural Bank Customer Service Team on 1300 660 115 or via the Rural Bank website or by visiting your local branch. All information is subject to change. For deposit products Elders Rural Services Australia Limited may receive a commission based on the average account balance. Full details are available in the Elders Financial Services Guide (FSG). Products are issued by Rural Bank – A Division of Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL/Australian Credit Licence 237879 and distributed by Elders Rural Services Australia Limited AFSL 237757.

An individual can own more than one farm management deposit and can own farm management deposits with different FMD providers, but the sum of the balances of all the farm management deposits of an owner claimed as a deduction must not be more than $800,000. Products are issued by Rural Bank – A Division of Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL/Australian Credit Licence 237879 and distributed by Bendigo and Adelaide Bank Limited and/or Elders Rural Services Australia Limited ABN 72 004 045 121 AFSL 237757 on behalf of Rural Bank. Individual circumstances may vary and special legislative requirements must be adhered to. Before making any investment decision you should consider your situation and consult your taxation adviser to ensure you meet legislative requirements, and for FMD Offset Accounts, that you understand your obligation to comply and the applicable penalties for noncompliance and wider taxation implications. Terms, conditions, fees and charges may apply. Full details are available on application by phoning the Rural Bank Customer Service Team on 1300 660 115 orvia the Rural Bank website or by visiting your local branch. All information is subject to change. For deposit products Elders Rural Services Australia Limited may receive a commission based on the average account balance. Full details are available in the Elders Financial Services Guide (FSG). 

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