Here’s a quick recap before you start your application.
Who is a Farm Management Deposit for?
Primary producers wanting to invest a specific amount at a fixed interest rate over a fixed term and who do not need access to the funds during the term.
Who can apply?
- 18+ years old
- Individual primary producers operating as sole traders, partners in a partnership, or beneficiaries of a trust
- Operating in Australia with an Australian address
- Minimum deposit of $1,000
- Maximum of $800,000 invested in total across all FMDs held
- Eligible under ATO Farm Management Deposits Scheme requirements.
What you get:
- A Farm Management Deposit account
- A low-risk investment with a guaranteed return
- Earn fixed interest over a fixed term
- Choice of terms and interest payment frequencies.
What you don't get:
- The ability to access funds before maturity without 31 days' notice, except in cases of hardship (as defined by us)
- The ability to add funds to your account after the initial deposit
- Eligibility for tax benefits if you close your deposit within 12 months.
Other fees and charges may apply.