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Rural Bank ONE Online Farm Management Deposit

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
No monthly account keeping fees
Competitive fixed or variable interest, or a combination of both
Terms fixed for 3, 6, 12, or 24 months
Fixed rate early withdrawal may incur interest adjustment
Access
Requires internet banking
Six monthly statements
Opening account
Apply online only
Primary producers with taxable non-farm income up to $100k
You can have more than one to combined value $800k
May be eligible for an FMD Offset Account

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)

Tier 3 month 6 month
$5000 to $49,999 0.35% p.a. 0.60% p.a.
$50,000 to $399,999 0.35% p.a. 0.60% p.a.
$400,000 to $800,000 0.35% p.a. 0.60% 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.

Tier 12 month 24 month
$5000 to $49,999 0.65% p.a. 0.65% p.a.
$50,000 to $399,999 0.65% p.a. 0.65% p.a.
$400,000 to $800,000 0.65% p.a. 0.65% 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.

Tier 12 month 24 month
$5000 to $49,999 0.50% p.a. 0.50% p.a.
$50,000 to $399,999 0.50% p.a. 0.50% p.a.
$400,000 to $800,000 0.50% p.a. 0.50% 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.

Tier 12 month 24 month
$5000 to $49,999 0.45% p.a. 0.45% p.a.
$50,000 to $399,999 0.45% p.a. 0.45% p.a.
$400,000 to $800,000 0.45% p.a. 0.45% 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.

Tier Rate
$1000 to $49,999 0.00% p.a.
$50,000 to $399,999 0.10% p.a.
$400,000 to $800,000 0.10% 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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*Requires a Rural Bank security token and term and conditions apply.

#Fixed rate – view only except at account opening & renewal

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 660 116, online, or by contacting your local branch.

Rural Bank - A Division of Bendigo and Adelaide Bank Limited
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