Farm Management Deposit Account

Set aside pre-tax income in profitable years to establish cash reserves and manage low income periods with our farm management deposit account product.
Category: Transaction & Savings Accounts  Last Updated May 18, 2026  Effective June 3, 2026

 General Lending Rates

No product information is currently listed. Please make contact with us for more information.

 Product Features

  • Other Additional Information: Set aside pre-tax income in profitable years to establish cash reserves and manage low income periods
  • Other Additional Information: No account-keeping fee and you earn interest on every cent
  • Other Additional Information: Deposits into the account may be deducted from your assessable income in the year of deposit, if the deposit complies with Federal Government requirements. Any withdrawals will be included in assessable income in the year of withdrawal. Government restrictions apply to this account.
  • Other Additional Information: Both fixed and variable interest rate options are available, Interest is calculated daily and paid monthly.
  • Other Additional Information: Deposits must usually be held for a minimum of 12 months to comply with government requirements
  • Other Additional Information: Fixed terms of 12 months and 24 months are available.
  • Other Additional Information: Access to your funds via Bank of Melbourne branches.
  • Digital Banking Additional Information: View account details via Internet and Phone Banking.
  • Other Additional Information: IMPORTANT NOTE : For accounts opened or renewed on or after 1 August 2014, if you wish to withdraw from or close your Farm Management Account during a fixed interest rate period you will need to provide the bank with a minimum of 31 days' notice (except in cases of hardship). If you withdraw funds or close your account or ask us to convert the interest rate on your account to a variable interest rate during a fixed interest rate period, we may recalculate the interest on your account.
  • Other Additional Information: The variable rate option is for customers who want to invest funds for a fixed term at a variable rate of interest while still maintaining access to funds.
  • Other Additional Information: The fixed rate option is for customers who want to invest a specific amount for a fixed term at a fixed rate of interest and who do not have a need to access their funds during the term.

 Product Eligibility

  • Min Age - 18. Additional Information: Should be 18+ years old
  • Other Additional Information: Individual primary producers operating as sole traders, partners in a partnership, or beneficiaries of a trust.
  • Business Additional Information: Operating in Australia with an Australian address
  • Other Additional Information: Applicants must be eligible under ATO Farm Management Deposits Scheme requirements.

 Bank Fees and Charges

  • Account Keeping Fee (Periodic), Amount: 0.00.
  • Rtgs Transaction Fees (Transaction), Amount: 35.00. Additional Information: Transfer of your Account balance by real time gross settlement.
  • Duplicate Statement Fees (Event), Amount: 0.00. Additional Information: No Duplicate Statement Fees
  • Account Information (Event), Amount: 15.00. Additional Information: Any one category = $15.00
  • Personal Correspondence Details (Event), Amount: 30.00. Additional Information: Any two categories = $30.00

 Limitations & Restrictions (Constraints)

  • Min Balance of 1000.00 Additional Information: Applicants must deposit a minimum of $1000
  • Max Balance of 800000.00 Additional Information: Maximum of $800,000

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