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We've launched our new Farm Management Deposit Offset Account

28 December 2016 |Interest rate announcement
Rural Bank has released its new Farm Management Deposit (FMD) Offset Account, the first of its kind to market, following the legislative amendments to the Commonwealth FMD scheme earlier this year.

An FMD is a deposit tailored specifically for farmers to deal more effectively with cash flow fluctuations. The scheme allows farmers to set aside and earn interest on pre-tax income from profitable years, and draw down on it when needed most, while gaining potential tax advantages at the same time.

The legislative changes to FMD criteria and benefits recognise the seasonal challenges of Australian farming and enhance this valuable tool to manage risk and plan for the future.

The new Rural Bank FMD Offset Account allows primary producers to offset funds held in an FMD account against the balance of an eligible variable rate Rural Bank Term Loan, which may assist in reducing primary production business funding costs.


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