Elders Online Savings Account

Elders Online Savings Account

The Elders Online Savings Account is a high-interest, variable-rate savings solution offered by Elders Rural Bank. Offering easy online access and monthly interest payouts, the ERBonline account is designed for those who want the best value out of a small investment without giving up convenience.

Benefits of the Elders Online Savings Account include:
- Easy online application
- No minimum maintaining balance required
- No tiered rates
- Interest is calculated daily and paid out monthly
- No transactional fees, service fees, keeping fees, or other hidden charges
- Direct credit from salaries, dividends, and other monthly payouts; cheque deposits are also accepted
- Regular Savings Plan lets you make regular transfers from a nominated account into your Elders Online Savings Account
- The Pay Anyone Service lets you send and receive funds from any account name, from any financial institution
- 24/7 access via Internet and Phone Banking, including BPay payments

Maximum earnings

With no balance requirements and additional fees, the Elders Online Savings Account ensures that you earn interest with 100% of your money-not the balance above the minimum, or the balance after the transaction fees. And because interest is paid every month, you even earn interest on your interest!