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Interest Rate Change

Interest Rate Change

Categories: Interest Rate Announcement

Rural Bank is making the following changes to Farm Management Deposit interest rates effective Monday 19 June 2017:

  • 12 month fixed rate Farm Management Deposit interests rates will increase;
  • 12 month Rural Bank ONE Fixed Rate Farm Management Deposit interest rates will increase;
  • Rural Bank and Rural Bank ONE variable rate Farm Management Deposits will decrease as follows:
 Effective 19 June 2017

$1,000 - $49,999

$50,000 - $399,999

$400,000 - $800,000

Interest paid annually

0.50% p.a.

1.00% p.a.

1.00% p.a.

Change

-0.25%

-0.25%

-0.25%


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.

Source: Rural Bank

 

Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank Limited accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank Limited ABN 74 083 938 416 AFSL 238042.