If you're an eligible primary producer, improve your cash flow in leaner times by depositing before tax income into our interest paying deposit account.
Earn interest
On your everyday balance.
Manage cashflow
Manage your exposure to adverse economic events and seasonal fluctuations.
Alternative option
We also have a Farm Management Deposit Cash Management Account.
This account allows you to shift before tax income from years when you need it least to years when you need it most. 2
Recent changes aimed at strengthening the banking system mean we now require 31 days’ notice if you want to withdraw your funds before the maturity date. You can still access your money at maturity and during the grace period.
Effective 1 July 2016, you may hold more than one FMD Account across financial institutions, but the aggregate balance of all accounts during any year of income must not exceed $800,000.
| Farm Management Term Deposit | |
|---|---|
| Term | Rate |
| 1 month | 1.50% p.a. |
| 3 months | 2.25% p.a. |
| 6 months | 2.55% p.a. |
| 9 months | 2.40% p.a. |
| 12 months | 2.65% p.a. |
| Farm Management Deposit Cash Management | |
|---|---|
| Balance | Rate |
| Up to $249,000 | 0.80% p.a. |
| From $250,000 | 1.30% p.a. |
Note: Rates may change between now and when you apply for the Term Deposit.
Business Banking Specialists
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