Farm Management Deposit account (At Call)

A tax-effective investment that allows primary producers to set aside pre-tax income as a cash reserve for later years.
Category: Transaction & Savings Accounts  Last Updated June 3, 2026  Effective June 3, 2026

 General Lending Rates

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 Product Features

  • Other Additional Information: Helps balance good and bad times, by allowing eligible customers to set aside their individual pre-tax income in good years as a cash reserve to withdraw from in less profitable years.
  • Other Additional Information: Withdrawals and deposits are made by phoning your Relationship Manager, or visiting a branch of the Bank.
  • Other Additional Information: When you select an At Call Deposit you will receive a standard variable interest rate. Interest is calculated daily and paid quarterly on the full balance when $1,000 or more is held in the account.
  • Digital Banking Additional Information: You will be able to renew the term of the Farm Management Deposit account at maturity, in NetBank and the CommBank app.
  • Other Additional Information: Flexibility to choose between a fixed term and at call investment option
  • Other Additional Information: $1,000.00 minimum ongoing balance in any individual FMD Account at any time.
  • Other Additional Information: No account-keeping fees (standard government fees may apply).
  • Other Additional Information: Funds held in a FMD account will be deducted from your assessable income in the year in which the deposit is made. Withdrawals are considered assessable income for that year's tax return. Keep in mind, deposits in the FMD account must be kept for at least 12 months to be eligible for tax benefits.

 Product Eligibility

  • Other Additional Information: To be eligible for the scheme and to maintain FMD status, the account holder must be an individual primary producer (this can include the beneficiary of a trust, partner of a partnership, but not joint persons or companies) at the time when they open the account or make a deposit. Deposits must meet the criteria specified in the Income Tax Assessment Act 1997 and those outlined in the Terms and Conditions section of the Farm Management Deposit Accounts document. For further details on eligibility criteria refer to the Farm Management Deposits Law or visit the Department of Agriculture and Water Resources website at agriculture.gov.au. Account holders must also meet the FMD account eligibility criteria as set out by the ATO

 Bank Fees and Charges

  • Issue Of Transaction Listing Or Paper Statement Fee (Event), Amount: 2.50. Additional Information: At Call FMD Account - on the date of request for ad-hoc transaction listing or paper statement

 Limitations & Restrictions (Constraints)

  • Max Balance of 800000.00 Additional Information: Aggregate balance of all FMD Accounts must not exceed $800,000.00
  • Opening Balance of 1000.00 Additional Information: At Call FMD Account - $1,000.00 minimum deposit

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