Term Deposit and Fixed Rate Farm Management Deposit interest rate change 1 March 2017
- 3, 6 and 12 month Term Deposits;
- 3 and 12 month RBonline and Rural Bank ONE Term Deposits;
- 3, 6, 12 and 24 month Fixed Rate Farm Management Deposits;
- 3, 6, 12 and 24 month Rural Bank ONE Fixed Rate Farm Management Deposits;
Rural Bank is decreasing the following Online Saver interest rates effective Wednesday 1 March 2017:
- Rural Bank ONE Saver (Personal, Business and DIY Super);
- RBonline Savings Account*;
The new rates effective 1 March 2017 will be:
| Effective Wednesday 1 March 2017 | $0 to $4,999 | $5,000 + |
|
Rural Bank ONE Personal Saver |
1.80% | 1.80% |
| Change | -0.10% | -0.10% |
| Rural Bank ONE Business Saver (including DIY Super) | 0.00% | 1.80% |
| Change | No Change | -0.10% |
| RBonline Savings Account* | 1.80% | 1.80% |
| Change | -0.10% | -0.10% |
*applicable to existing accounts only as product no longer sold.
Rural Bank is changing the Everyday Retirement Account interest rates effective Wednesday 1 March 2017 and the new rates will be:
| Effective Wednesday 1 March 2017 | $0 to $1,999 | $2,000 to $46,599 | $46,600 + |
| Everyday Retirement Account | 0.25% | 1.00% | 2.00% |
| Change | +0.15% | -0.25% | -0.25% |
Interest on the Everyday Retirement Account is variable, calculated daily on a stepped basis which means you will earn interest for the portion of your account balance that falls within each range, at the interest rate applicable to that range and credited on the first day of the following month.
For further information, please contact our Customer Service Centre on 1300 660 115 or visit your nearest branch. To view Rural Bank’s current interest rates, visit our rates page.
