Farm Management Deposit

Up to 1.00% p.a. at call
2.20% p.a. fixed for 3 months
2.45% p.a. fixed for 6 months
2.70% p.a. fixed for 12 months
2.70% p.a. fixed for 24 months
...view all FMD interest rates

  • High rate of interest
  • No account keeping or transaction fees
  • Easy online application (completely paperless*)

A Rural Bank ONE Farm Management Deposit (FMD) is an effective risk management tool that allows primary producers to set aside and earn interest on pre-tax income from profitable years and use it when needed most. This is especially important for rural producers with uneven income streams.

You have a choice of a variable or fixed rate FMD account, or a combination of both, depending on your investment requirements.

FMDs at a glance

  Variable Rate Fixed Rate
Term At call Deposits must be held for a minimum of 12 months to receive taxation benefits 3, 6, 12 or 24 months
Competitive interest rates Yes Yes
No account-keeping fees Yes Yes
Deposits and withdrawals permitted during term Yes No
Minimum and maximum balance Min: $1,000
Max: $800,000
Min: $5,000
Max: $800,000
Interest frequency

Calculated on closing balance and payable:

Variable: annually on 1st July
Fixed: - for 3 and 6 month terms, at maturity
- for 12 and 24 month terms elect interest payable:
• Monthly – 1st of the month
• Quarterly – on open date
• Annually – on open date

The Farm Management Deposit scheme:

  • Is available to primary producers with a taxable non-primary production income of no more than $100,000 for the financial year.
  • Must be held for at least 12 months for rural producers to be eligible for taxation benefits.
  • Companies, trusts and partnerships are not eligible. However, they are available to certain beneficiaries of trusts and individual partners of a partnership.
  • The combined value of your FMD accounts cannot exceed $800,000.
  • To maintain potential taxation benefits when switching FMD providers, FMD funds must be electronically transferred to Rural Bank ONE.
    • For further information on FMD eligibility criteria and conditions refer to the Australian Government Department of Agriculture and Water Resources (www.agriculture.gov.au) and also the Australian Taxation Office (www.ato.gov.au)
    • Deposits with Rural Bank are covered by the Financial Claims Scheme.

Need more information? View our Farm Management Deposit Frequently Asked Questions.

How to apply: Our online application only takes minutes and is completely paperless* (i.e. there are no forms to sign or submit). Learn more or APPLY now.

Learn more about regular payments.

*Completely paperless - For applicants who satisfy the requirements for online identity verification.

Disclaimer - Interest rates quoted are subject to change without notice. Individual circumstances may vary and specialist legislative requirements must be adhered to. You should consult your taxation advisor. Interest rates quoted are subjected to change without notice. This information has been prepared without taking into account your personal circumstances, objectives, financial situation or needs. Terms, conditions, fees and charges may apply. Full details are available on application or by phoning our Customer Service Centre on 1300 660 115, online at www.ruralbank.com.au, or by visiting your local branch. All information is subject to change. Products are issued by Rural Bank Limited ABN 74 083 938 416 AFSL 238042.


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Rural Bank Limited is a wholly owned subsidiary of the Bendigo and Adelaide Bank Group.