An at call or fixed term FMD that puts money aside for when you need it most.
Online Farm Management Deposit
A Rural Bank ONE Farm Management Deposit (FMD) is an effective risk management tool. It allows primary producers to set aside and earn interest on pre-tax income from profitable years and use it when needed most.
Features
Interest and fees
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No monthly account keeping fees
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Competitive fixed or variable interest
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Terms fixed for 3, 6, 12, or 24 months
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Fixed rate early withdrawal may incur interest adjustment
Access
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Requires internet banking
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Six monthly statements
Opening account
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Apply online only
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Primary producers with taxable non-farm income up to $100k
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You can have more than one to combined value $800k
Apply online
The fastest and easiest way to apply for a FMD is online. Our online application only takes minutes and is completely paperless for applicants who satisfy the requirements for online identity verification.
Interest rates (Online with Rural Bank ONE)
Short term deposit (3 or 6 months)
| Tier | 3 month | 6 month |
|---|---|---|
| $5000 to $49,999 | 3.00% p.a. | 3.85% p.a. |
| $50,000 to $399,999 | 3.00% p.a. | 3.85% p.a. |
| $400,000 to $800,000 | 3.00% p.a. | 3.85% p.a. |
Interest rates quoted on a per annum basis. Interest rates subject to change without notice. Interest is calculated daily and paid or credited at maturity. Minimum deposit $5,000. Maximum aggregate balance is $800,000 for all FMDs. No additional deposits will be accepted on the Fixed Rate FMD product. Other eligibility criteria apply.
Fixed rate deposit (12 or 24 months) - Interest paid annually
| Tier | 12 month | 24 month |
|---|---|---|
| $5000 to $49,999 | 4.80% p.a. | 4.00% p.a. |
| $50,000 to $399,999 | 4.80% p.a. | 4.00% p.a. |
| $400,000 to $800,000 | 4.80% p.a. | 4.00% p.a. |
Interest rates quoted on a per annum basis. Interest rates subject to change without notice. Interest is calculated daily and paid or credited at maturity. Minimum deposit $5,000. Maximum aggregate balance is $800,000 for all FMDs. No additional deposits will be accepted on the Fixed Rate FMD product. Other eligibility criteria apply.
Fixed rate deposit (12 or 24 months) - Interest paid quarterly
| Tier | 12 month | 24 month |
|---|---|---|
| $5000 to $49,999 | 4.75% p.a. | 3.95% p.a. |
| $50,000 to $399,999 | 4.75% p.a. | 3.95% p.a. |
| $400,000 to $800,000 | 4.75% p.a. | 3.95% p.a. |
Interest rates quoted on a per annum basis. Interest rates subject to change without notice. Interest is calculated daily and paid or credited at maturity. Minimum deposit $5,000. Maximum aggregate balance is $800,000 for all FMDs. No additional deposits will be accepted on the Fixed Rate FMD product. Other eligibility criteria apply.
Fixed rate deposit (12 or 24 month) - Interest paid monthly
| Tier | 12 month | 24 month |
|---|---|---|
| $5000 to $49,999 | 4.75% p.a. | 3.95% p.a. |
| $50,000 to $399,999 | 4.75% p.a. | 3.95% p.a. |
| $400,000 to $800,000 | 4.75% p.a. | 3.95% p.a. |
Interest rates quoted on a per annum basis. Interest rates subject to change without notice. Interest is calculated daily and paid or credited at maturity. Minimum deposit $5,000. Maximum aggregate balance is $800,000 for all FMDs. No additional deposits will be accepted on the Fixed Rate FMD product. Other eligibility criteria apply.
Variable rate deposit - Interest paid annually
| Tier | Rate |
|---|---|
| $1000 to $49,999 | 0.25% p.a. |
| $50,000 to $399,999 | 2.00% p.a. |
| $400,000 to $800,000 | 2.00% p.a. |
Interest rates quoted on a per annum basis. Interest rates subject to change without notice. Interest is calculated daily and paid or credited at maturity. Minimum deposit $5,000. Maximum aggregate balance is $800,000 for all FMDs. No additional deposits will be accepted on the Fixed Rate FMD product. Other eligibility criteria apply.
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Farm Management Deposit
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Term Deposit
Watch your savings grow with a competitive fixed interest rate and flexible terms.
Online Term Deposit
Our Rural Bank ONE online term deposits gives you competitive interest rate and flexible terms.
Important information
Things you should know
*Requires a Rural Bank security token and term and conditions apply.
#Fixed rate – view only except at account opening & renewal
We have not considered your circumstances. Consider whether the product is appropriate for you having regard to your objectives, financial situation and needs before making an investment decision.
Interest rates quoted are subject to change without notice. Information is subject to change. Terms, conditions, fees and charges apply and are available by phoning our Customer Service Team on 1300 660 115, online, or by contacting your local branch.
