Exact motion estimation is a major task in autonomous navigation. The integration of Inertial Navigation Systems (INS) and the Global Positioning System (GPS) can provide accurate location estimation, but cannot be used in a GPS denied environment. In this paper, we present a tight approach to integrate a stereo camera and low-cost inertial sensor. This approach takes advantage of the inertial sensor's fast response and visual sensor's slow drift. In contrast to previous approaches, features both near and far from the camera are simultaneously taken into consideration in the visual-inertial approach. The near features are parameterised in three dimensional (3D) Cartesian points which provide range and heading information, whereas the far features are initialised in Inverse Depth (ID) points which provide bearing information. In addition, the inertial sensor biases and a stationary alignment are taken into account. The algorithm employs an Iterative Extended Kalman Filter (IEKF) to estimate the motion of the system, the biases of the inertial sensors and the tracked features over time. An outdoor experiment is presented to validate the proposed algorithm and its accuracy.