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Savings and investments

Money Market

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.

Term Deposits

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 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; or paid via cheque.

Negotiable Certificates of Deposit (NCD)

Our NCD's are a negotiable, bearer security issued by Rural 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 (Rural 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 markets@ruralbank.com.au.

Profile

Rudy Boeff Treasurer

Rudy joined Rural Bank as Treasury and Funding Manager in February 2004.

He came to the bank with nearly 20 years of financial market experience, predominantly gained in retail financial institutions.

Before joining Rural Bank, Rudy spent more than 15 years with Adelaide Bank and its predecessors Hindmarsh Adelaide and Co-op Building Societies, predominantly in the Treasury area. Rudy worked in a variety of different treasury functions including money market, trading, portfolio management, capital markets, securitisation and wholesale funding and has an extensive knowledge of all treasury-related functions. Prior to joining the Hindmarsh Building Society Rudy spent two years with the South Australian Government Financing Authority as a Dealer in the Domestic Finance area.

For almost 15 years, Rudy was a lecturer in various financial markets subjects for Kaplan (formerly the Securities Institute of Australia). He holds a Bachelor of Economics from Flinders University, is a Fellow of the Finance and Treasury Association and a Fellow of the Financial Services Institute of Australia.

Chris Tselentis Treasury Dealer

Chris joined Rural Bank as a Treasury Dealer in September 2006 and has 6 years of Investment Banking experience including 12 months in London with State Street as a Fund Accountant. Chris also spent 5 years with JP Morgan as a Unit Trust Pricing Accountant specialising in fund valuations for fixed interest, property and equity funds.

Chris is well equipped to cater to the varying needs of both novice and professional investors and understands what they want out of investment products. Chris has a passion for the financial markets and is keeps up to date with financial events in Australia and around the world.

Chris has a Bachelor of Commerce with a double major in accounting and finance.

Evan Lathouras Asset and Liability Manager

Evan joined Rural Bank as Treasury's Asset and Liability Manager in April 2007.

He brings Rural Bank broad exposure to the Financial Industry extending over 10 years. Prior to his appointment, Evan was employed by Adelaide Bank also in the capacity of Asset and Liability Manager and previously as an integral part of the Bank's Financial Modelling division, responsible for modelling Securitisation cash flows. Previous employers include JP Morgan and its predecessor BT Financial Group and prior to this Westpac.

More recently, Evan established Rural Bank’s first Rural Loan Securitisation transaction, the 2009-1 Agri-Trust and now manages the Bank’s Securitisation Programmes.

Evan holds a postgraduate Honours degree in Mathematical and Computer Sciences with a double major in Applied Mathematics of Finance and Statistics from the University of Adelaide.

Contact

Contact Rural Bank's Money Market team on 1800 644 824 or email markets@ruralbank.com.au.

Related documents

Financial Claims Scheme

Deposits with Rural Bank are covered by the Financial Claims Scheme.

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.

Rural Bank Limited also distributes the Farm Management Deposit product through the Rural Finance brand and this is also covered by the FCS. Both Rural Bank Limited and Rural Finance Farm Management Deposits will be considered under the $250,000 limit when in the same name.

3. Where can I get further information on the FCS?

Further information on the FCS is available on the FCS website - www.fcs.gov.au.


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 Limited.