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
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.
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.
Did you know? Rural Bank Agribusiness Relationship Managers are available in select Elders branches to help you.
“The best thing about my role is being able to help long term farming families through thick and thin … getting to know the generations [operating family farming businesses], beyond just meeting their day-to-day banking needs.”
- Jess Seaver – Agribusiness Relationship Manager, Mildura.
Savings and Investment Accounts
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.
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.
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.