Elders Online Savings Account
If you would like to open a savings account, you should definitely check out the services that Elders Rural Bank (ERB) offers. What's good about this is that Elders Rural Bank reinvests your money in Australia only. This way, you can be sure that you're helping Australia's economy and your money is not being used for offshore investments.
Elders Rural Bank ERBonline Savings Account is a savings account that has a high variable interest rate. This means that the interest rate is not fixed, it keeps on changing. Thus, your interest is calculated daily but paid monthly to your account. If you want to open an ERBonline Savings Account, you just have to complete the application form and ERB will credit an amount to your ERBonline Savings Account regularly from your nominated account. You can make your deposits by issuing cheques, or getting a regular savings plan or direct credit (eg: dividends, salary). Since Elders Rural Bank charges no transaction fees, you can be sure that your money is growing, not decreasing.
Should you need to access your money in the wee hours of the morning, you can, because Elders Rural Bank Internet and Phone Banking is accessible 24/7. You can even pay your bills thru BPAY by using your ERBonline Savings Account.
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