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Interest Rate Change

Interest Rate Change

Categories: Interest Rate Announcement

Rural Bank is decreasing the following Term Deposit and Fixed Rate Farm Management Deposit interest rates effective Wednesday 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.

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.