Fixed Rate Farm Management Deposit
A Farm Management Deposit (FMD) is an important cash flow management tool that enables individuals carrying on a primary production business in Australia (primary producers) to set aside pre-tax income from their profitable years and earn interest on it – so the money’s available when they most need it.
Category: Term Deposits Last Updated May 11, 2026 Effective June 3, 2026
Product Features
- Other Additional Information: Fixed 1, 2, 3, 6, 12 or 24 month terms available.
- Other Additional Information: Designed for primary producers who’ve earned a taxable non-farm income of $100,000 or less over a financial year.
- Other Additional Information: You can have more than one Farm Management Deposit, up to a combined value of $800,000 per farmer.
- Other Additional Information: Earn competitive interest rates on a choice of fixed terms.
- Other Additional Information: No monthly account service fees or transaction fees apply to Bendigo Bank Farm Management Deposit accounts.
- Other Additional Information: 31 day withdrawal notice if need to access funds before its maturity date.
Product Eligibility
- Other Additional Information: Customer must be a primary producer with an off-farm taxable income of less than $100,000 per annum.
- Residency Status - Australian Residency. Additional Information: Only available to Australian primary producers.
- Other Additional Information: Can only be opened in the name of an individual.
- Other Additional Information: Subject to farm management deposit scheme eligibility guidelines.
Bank Fees and Charges
- Bank Cheque Fee (Transaction), Amount: 10.000000. Additional Information: Applies per bank cheque you request. This fee will not be debited to your FMD.
Limitations & Restrictions (Constraints)
- Opening Balance of 5000.00
- Max Balance of 800000.00 Additional Information: The total of all FMD’s held in a client’s name must not exceed $800,000.00
