Features and benefits
Your funds are secure
The Financial Claims Scheme is an Australian Government-backed safety net that provides protection to deposit-holders with certain financial institutions. As an Elders Finance customer, you may be protected by this scheme for deposits of up to $250,000 per account holder, per authorised deposit-taking institution (ADI)*.
Rates and fees
- Rates
- Fees
| Up to $5,000 | Over $5,000 to $2,000,000 | |
|---|---|---|
| Standard interest rate | 1.00% p.a.1 | 1.00% p.a.1 |
| Bonus interest rate | 3.50% p.a.1 | 3.50% p.a.1 |
| Maximum interest rate | 4.50% p.a.1 | 4.50% p.a.1 |
| Interest paid | View interest rate schedule for details | |
| Fee | Amount |
|---|---|
| Monthly fee | $0 |
| Fees and charges | View Elders Deposit Terms and Conditions for details |
Opening an Elders Bonus Plus Saver account is easy.
Simply visit your local Elders branch with your ID documents to establish an account. We'll contact you within three business days with an update on your application.
Alternatively, complete the form below and one of Financial Services Managers will contact you.
Important information
1 Interest stepped and paid on that part of the account balance. Interest calculated on opening daily balance and paid monthly. To earn the bonus interest rate: make at least one deposit, credit transfer or electronic credit to the account in the calendar month (interest credit excluded), and make no withdrawals, debit transfers or electronic debits from the account in the calendar month.
This account is available for personal use only - businesses, companies, body corporate, superannuation funds, family trusts, clubs and non-profit organisations are not eligible.
*This account is protected by the Financial Claims Scheme. The Scheme is a government-backed safety net for deposits of up to $250,000 per account holder per authorised deposit-taking institution. From 1 December 2025 Auswide Bank will be a division of MyState Bank Limited ABN 89 067 729 195 AFSL and Australian Credit Licence Number 240896, a wholly owned subsidiary of MyState Limited ABN 26 133 623 962. From 1 December 2025, combined deposits across Auswide Bank (including deposits originated under the Elders Finance brand) and MyState Bank will be covered up to a total of $250,000. Information on the Financial Claims Scheme is available on the APRA website.
Disclaimer: Elders Rural Services Australia Limited ABN 72 004 045 121 Australian Financial Services Licence 237757 (Elders) has entered an arrangement to distribute banking products issued by Auswide Bank Ltd ABN 40 087 652 060 Australian Financial Services Licence 239686 (Auswide Bank). Auswide Bank is a wholly owned subsidiary of MyState Bank Limited ABN 89 067 729 195, part of MyState Limited ABN 26 133 623 962. This information is general in nature and does not consider your personal objectives, financial situation or needs. Before deciding whether to apply for a financial product, you should seek professional advice and consider the relevant Terms and Conditions and Target Market Determination on the Elders website. Elders may receive a commission from Auswide Bank if you successfully apply for a financial product through Elders. For more information on Elders’ relationship with Auswide Bank, please read the Elders Financial Services Guide.