Interest Rates

View all current Elders Rural Bank interest rates.

Effective from 31 October 2008
Interest rates are subject to change without notice

Blackboard Special Term Deposit Interest Rates
 
$500 to $4,999
$5,000 to $24,999
$25,000 to $49,999
$50,000 to $149,999
$150,000 to $500,000*
3 month**
1.00%
7.25%
7.25%
7.25%
7.25%
6 month**
 1.50%
6.50%
6.50%
6.50%
6.50%

* Interest rate quotes will be provided on application for amounts greater than $500,000.

** Blackboard Special Offer. Interest rates quoted on a per annum basis and subject to change without notice. Interest calculated daily and paid or credited at maturity.

Short Term Deposit Interest Rates
 
$500 to $4,999
$5,000 to $24,999
$25,000 to $49,999
$50,000 to $149,999
$150,000 to $500,000*
1 month
1.00%
4.75%
5.50%
5.90%
6.00%
2 months
1.00%
4.75%
5.75%
6.00%
6.20%
3 months
1.00%
7.25%
7.25%
7.25%
7.25%
4 months
1.00%
5.50%
6.40%
6.60%
6.75%
5 months
1.00%
5.50%
6.40%
6.60%
6.75%
6 months
1.50%
6.50%
6.50%
6.50%
6.50%
9 months
1.50%
6.00%
6.30%
6.50%
6.75%

Interest rates quoted on a per annum basis and subject to change without notice. Interest on Term Deposits is calculated daily and paid or credited at maturity unless specified otherwise. Exact term in months or maturity date must be specified when applying for Term Deposits. 

* Interest rate quotes will be provided on application for amounts greater than $500,000.

12 Month Term Deposit
 
$500 to $4,999
$5,000 to $24,999
$25,000 to $49,999
$50,000 to $149,000
$150,000 to $500,000*
Interest paid annually
2.00%
6.00%
6.50%
6.75%
6.75%
Interest paid quarterly
1.90%
5.90%
6.40%
6.65%
6.65%
Interest paid monthly
1.85%
5.85%
6.35%
6.60%
6.60%
24 Month Term Deposit
 
$500 to $4,999
$5,000 to $24,999
$25,000 to $49,999
$50,000 to $149,999
$150,000 to $500,000*
Interest paid annually
2.00%
6.00%
6.50%
6.75%
6.75%
Interest paid quarterly
1.90%
5.90%
6.40%
6.65%
6.65%
Interest paid monthly
1.85%
5.85%
6.35%
6.60%
6.60%
36 Month Term Deposit
 
$500 to $4,999
$5,000 to $24,999
$25,000 to $49,999
$50,000 to $149,999
$150,000 to $500,000*
Interest paid annually
2.00%
6.00%
6.50%
6.75%
6.75%
Interest paid quarterly
1.90%
5.90%
6.40%
6.65%
6.65%
Interest paid monthly
1.85%
5.85%
6.35%
6.60%
6.60%
48 Month Term Deposit
 
$500 to $4,999
$5,000 to $24,999
$25,000 to $49,999
$50,000 to $149,999
$150,000 to $500,000*
Interest paid annually
2.00%
6.00%
6.50%
6.75%
6.75%
Interest paid quarterly
1.90%
5.90%
6.40%
6.65%
6.65%
Interest paid monthly
1.85%
5.85%
6.35%
6.60%
6.60%
60 Month Term Deposit
 
$500 to $4,999
$5,000 to $24,999
$25,000 to $49,999
$50,000 to $149,999
$150,000 to $500,000*
Interest paid annually
2.00%
6.00%
6.50%
6.75%
6.75%
Interest paid quarterly
1.90%
5.90%
6.40%
6.65%
6.65%
Interest paid monthly
1.85%
5.85%
6.35%
6.60%
6.60%

Interest rates quoted on a per annum basis and subject to change without notice. Interest is calculated daily and paid or credited as specified. Exact term in months or maturity date must be specified when applying for Term Deposits.

*Interest rate quotes will be provided on application for amounts greater than $500,000.

Fixed Rate Farm Management Deposit Interest Rates
  $5,000 - $49,999 $50,000 - $400,000
  12 month 24 month 12 month 24 month
Interest paid annually
6.00%
6.00%
6.50%
6.25%
Interest paid quarterly
5.85%
5.85%
6.35%
6.10%
Interest paid monthly
5.75%
5.75%
6.25%
6.00%

Interest rates quoted on a per annum basis and subject to change without notice. Interest is calculated daily and paid or credited as specified. Minimum deposit $5,000. Maximum aggregate balance is $400,000 for all FMDs. No additional deposits will be accepted on the Fixed Rate FMD product. Other eligibility criteria apply.

Short Term Fixed Rate Farm Management Deposit Interest Rates
  $5,000 - $49,999 $50,000 - $400,000
  3 month 6 month 3 month 6 month
Interest at maturity
6.00%
6.00%
6.25%
6.30%

Interest rates quoted on a per annum basis and subject to change without notice. Interest is calculated daily and paid or credited at maturity. Minimum deposit $5,000. Maximum aggregate balance is $400,000 for all FMDs. No additional deposits will be accepted on the Fixed Rate FMD product. Other eligibility criteria apply.

Variable Rate Farm Management Deposit
 
$1,000 - $49,999
$50,000 - $400,000
Interest paid annually
6.00%
6.25%

Interest rates quoted on a per annum basis and subject to change without notice.  Interest is calculated daily and paid and credited as specified. Minimum deposit $1,000. Maximum aggregate balance is $400,000 for all FMDs. Other eligibility criteria apply.

Gold Cash Management Account Interest Rates
 
$5,000 - $19,999
$20,000 - $49,999
$50,000 - $99,999
$100,000 - $249,999
$250,000 +
Interest paid monthly 
4.00%
5.00%
5.25%
5.65%
5.75%

Interest rates quoted on a per annum basis and subject to change without notice. Interest on Gold Cash Management Accounts is variable, calculated daily on a tiered basis and credited to the account on the first of the following month. Minimum opening deposit is $5,000.

AgriManager® and Business Manager Account Deposit Interest Rates
 
$500 to $4,999
$5,000 to $9,999
$10,000 to $49,999
$50,000 to $149,999
$150,000 to $249,999
$250,000+
 
0.35%
1.75%
3.25%
4.25%
4.50%
4.50%

Rates apply for AgriManager accounts with a credit (positive) balance. Interest rates quoted on a per annum basis and subject to change without notice. Interest on AgriManager® accounts is variable, calculated daily on a tiered basis and credited to the account at the same frequency as debit interest (monthly, quarterly or six-monthly).

Seasonal and Business Cheque Account Deposit Interest Rates
 
$500 to $4,999
$5,000 to $9,999
$10,000 to $49,999
$50,000 to $149,999
$150,000 to $249,000
$250,000+
 
0.25%
0.25%
1.25%
3.00%
3.25%
3.75%

Rates apply for  Seasonal and Business Cheque Accounts with a credit (positive) balance. Interest rates quoted on a per annum basis and subject to change without notice. Interest rates on Seasonal and Business Cheque Accounts is variable, calculated daily on a tiered basis and credited to the account at the same frequency as debit interest (either monthly, quarterly or six-monthly).

ERBonline Savings Account
 
All Amounts
ERBonline Savings Account
6.50%

Interest rates quoted on a per annum basis and subject to change without notice. ERBonline Savings Account rates are variable, calculated daily and credited monthly on the first day of the following month. Applications for the ERBonline Savings Account can be made via www.erbonline.com.au.

ERBonline Term Deposit Account
 
All Amounts
3 month ERBonline Term Deposit
7.40%
6 month ERBonline Term Deposit
6.55%
12 month ERBonline Term Deposit
6.90%

Interest rates quoted on a per annum basis and subject to change without notice. Interest on ERBonline Term Deposits is calculated daily and paid at maturity. Applications for ERBonline Term Deposits can be made via www.erbonline.com.au.

Everyday Account Interest Rates
 
$500 to $4999
$5,000 to $9,999
$10,000 to $49,999
$50,000 to $149,999
$150,000 to $249,999
$250,000+
Everyday Account*
0.05%
0.05%
0.15%
0.20%
0.20%
0.20%
Everyday Community Account**
0.15%
0.15%
0.50%
0.75%
1.00%
1.00%

* Interest rates quoted on a per annum basis and subject to change without notice. Interest on Everyday Accounts is variable, calculated daily on a tiered basis and credited on the first day of the following month. Minimum opening balance is $1.

** Interest rates quoted on a per annum basis and subject to change without notice. Interest on Everyday Community Accounts rates is variable, calculated daily  on a tiered basis and credited on the first day of the following month. Minimum opening balance is $1.

Cash Management Accounts Interest Rates
 
$5,000 to $9,999
$10,000 to $49,999
$50,000 to $149,999
$150,000 to $249,999
$250,000+
Cash Management Account
2.50%
3.25%
4.50%
5.35%
5.50%

Applicable to existing accounts only. Interest rates quoted on a per annum basis and subject to change without notice. Interest on Cash Management Accounts is variable, calculated daily on a tiered basis and credited to the account on the first of the following month.

Interest Earning at Call Deposit Interest Rates
 
$500 to $4999
$5,000 to $9,999
$10,000 to $49,999
$50,000 to $149,999
$150,000 to $249,999
$250,000+
 
0.00%
0.50%
1.00%
2.00%
2.00%
2.25%

Applicable to existing accounts only. Interest rates quoted on a per annum basis and subject to change without notice. Interest on Interest Earning at Call Deposit rates is variable, calculated daily on a tiered basis and credited on the first day of the following month.

Money For Living Interest Rates  
   
$5,000 to $9,999
$10,000 to $19,999
$20,000 to $249,999
 $250,000 +
   
1.00%
2.15%
5.35%
 5.50%

Applicable to existing accounts only. Interest rates quoted on a per annum basis and subject to change without notice. Interest on Money For Living accounts is variable, calculated daily on a tiered basis and credited on the first day of the following month.

Floating Rate Farm Management Deposit Interest Rates
 
Floating rate
Interest paid annually
5.62%
Interest paid quarterly
5.52%
Interest paid monthly
5.47%

Interest rates quoted on a per annum basis and subject to change without notice. Interest is calculated daily. Rate reviewed every 3 months (February, May, August and November). Minimum balance $1,000. Maximum aggregate balance is $400,000 for all FMDs. Other eligibility criteria apply.

Debit Interest Rate
 
All balances
 
19.90%