Farm Management Deposit account

Product Features

• Other Additional Information: Cash reserves - Build up cash reserves in the good years to help safeguard your future.

• Other Additional Information: Regular income - Earn a fixed interest rate over the chosen term. Early withdrawal may reduce returns.

• Other Additional Information: Tax benefits - Eligible income needs to be deposited for a year to qualify. Exceptions apply.

• Extra Repayments Additional Information: Subject to Terms and conditions, extra repayments is available for eligible customers

• Relationship Management Additional Information: Relationship management is available for eligible customers.

• Other Additional Information: Safe and secure savings

• Other Additional Information: Could earn higher interest than a standard savings account.

Product Eligibility

• Min Age - 18. Additional Information: Applicant should be 18 years or over

• Residency Status - Operating In Australia With An Australian Address.

• Other Additional Information: Individual primary producer earning no more than $100,000 p.a. in non-farm income in the year of the FMD deposit

• Business Additional Information: Sole trader, partner in a partnership, or beneficiary of a trust

• Other Additional Information: Most you can have invested across all your FMDs with one or more banks: $800,000

• Other Additional Information: You must comply with the ATO Farm Management Deposits Scheme special legislative requirements.

Bank Fees and Charges

• Bank Cheque (Transaction), Amount: 10.00.

• Bank Cheque Online (Transaction), Amount: 0.00. Additional Information: This includes a customised remittance plus postage and handling

• Refunding A Bank Cheque No Longer Required - Original Presented (Transaction), Amount: 0.00. Additional Information: Fee charged per cheque for Bank customers

• Refunding / Replacing A Bank Cheque - Original Lost, Stolen Or Destroyed (Transaction), Amount: 0.00. Additional Information: Fee charged per cheque for Bank customers

 Limitations & Restrictions (Constraints)

• Min Balance of 1000.00

• Max Balance of 800000.00

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