Savings and investments
The Rural Bank Money Market team is dedicated to growing the wealth of high net worth clients, offering personal service, flexibility and competitive returns for your money. Our experienced Treasury Dealers have the specialist knowledge required to investment in the money market and will work with you to understand your specific investment requirements.
Whether you are looking for a short-term deposit that gives you ready access to your funds or a longer-term investment, the Rural Bank Money Market team has a range of products to suit. Options include a choice of high yielding investments that can be tailor-made to meet your short-term cash flow needs as well as providing longer-term investment returns.
Money Market products
11.00am - at call
This competitive market rated investment gives you access to your funds at the shortest possible notice, provided that notification is given to us before 11.00am on the day that funds are required. The minimum opening deposit is $250,000, with minimum transaction amounts of $50,000. Lodgements can be accepted up to 5.00 pm Monday to Thursday and up to 5.30 pm on Fridays.
A term deposit offers a sound investment option if you prefer to invest for a fixed term to receive a fixed return. You earn a market-linked interest rate with a comprehensive range of interest payment options to suit your requirements.
You can select terms ranging from 7 days to 5 years. Your interest can be paid monthly, quarterly, half-yearly, annually or at maturity.
Your interest can be credited to a nominated bank account; reinvested with the principal; credited to a new Rural Bank Term Deposit.
Negotiable Certificates of Deposit (NCD)
Our NCD's are a negotiable, bearer security issued by Bendigo and Adelaide Bank that provides you with a short to medium term investment alternative with an attractive yield. With a preferred minimum investment (settlement value) of more than $500,000, this negotiable discount instrument is simply a promise by the drawer of the security (Bendigo and Adelaide Bank) to repay the face value on maturity. Terms generally range from 7 days to 1 year.
Rural Bank Treasury can also provide you with access to the latest financial market information including professional market interest rates, share and currency information and worldwide news.
Other investment alternatives are also available - please contact Rural Bank Treasury on 1800 644 824 or email firstname.lastname@example.org.
Contact Rural Bank's Treasury team on 1800 644 824 or email email@example.com.
Financial Claims Scheme
The Financial Claims Scheme protects depositors through the provision of a guarantee on deposits (up to a cap) held in Authorised Deposit-taking Institutions (ADIs) in Australia and allows quick access to their deposits if an ADI becomes insolvent. As such please note the following information:
- As Rural Bank is a part of the Bendigo & Adelaide Bank Group, deposits with Rural Bank are covered by the Financial Claims Scheme;
- You may be entitled to a payment under the Financial Claims Scheme in the event of Bendigo & Adelaide Bank becoming insolvent;
- Accessibility to the Financial Claims Scheme is subject to eligibility criteria.
The following has been provided to inform you on the Financial Claims Scheme.
1. What is the Financial Claims Scheme?
The Financial Claims Scheme (FCS) is an Australian Government scheme that provides protection and quick access to deposits in banks, building societies and credit unions in the unlikely event that one of these financial institutions fails. Under the FCS, certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) that is incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA).
The FCS can only come into effect if it is activated by the Australian Government when an institution fails. Once activated, the FCS will be administered by the Australian Prudential Regulation Authority (APRA). In an FCS scenario, APRA would aim to pay the majority of customers their protected deposits under the Scheme within seven calendar days.
2. How is the FCS limit applied?
The FCS limit of $250,000 applies to the sum of an account holder's deposits under the one banking license. Therefore, all deposits held by an account holder with a single banking institution must be added together towards the $250,000 FCS limit, and this includes accounts with any other banking businesses that the licenced banking institution may operate under a different trading name.
Bendigo and Adelaide Bank Limited’s network of brands and joint ventures provide a wide range of products and services, and those that are covered by the FCS are Bendigo Bank, Adelaide Bank, Community Bank®, Alliance Bank, Community Sector Banking, Rural Bank and Delphi Bank.
3. Where can I get further information on the FCS?
Interest rates quoted are subject to change without notice. This information has been prepared without taking into account your personal circumstances, objectives, financial situation or needs. Terms, conditions, fees and charges may apply. Full details are available on application, by phoning our Customer Service Centre on 1300 660 115, online or by visiting your local branch. All information is subject to change. Products are issued by Rural Bank.