Farm Management Term Deposit

Use surplus funds to improve your cashflow

If you're an eligible primary producer, improve your cash flow in leaner times by depositing before tax income into an interest paying Farm Management Term Deposit.


Earn interest

Credit interest on everyday balances


Low fees

No account keeping or transaction fees


Manage cashflow

Manage your exposure to adverse economic events and seasonal fluctuations


Supporting your business

  • Our Farm Management Term Deposit Accounts are designed for primary producers with a taxable non-primary production income of not over $100,000 (from 1 July 2014). They work by allowing them to shift before tax income from years when they need it least to years when they need it most.
  • These accounts are only available to individuals (see the PDS for more detail).
  • In addition to the Farm Management Term Deposit, we also have a Farm Management Deposit Cash Management Account.

Important information

  • The initial deposit into the account must be at least $1,000 and not more than $800,000 at any time in any year of income. Effective 1 July 2012, 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.
  • 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.


Farm Management Cash Management Interest rate *
Up to $249,999 0.80% p.a.
From $250,000 1.30% p.a.

Farm Management Term Deposit Interest rate **
1 month 1.50% p.a.
3 months 2.25% p.a.
6 months 2.45% p.a.
9 months 2.40% p.a.
12 months 2.65% p.a.

* Effective Friday 20 May 2016
** Effective Tuesday 15 May 2017


There are no account keeping or transaction fees on the Farm Management Term Deposit. Other fees and charges which may be incurred are listed on the product schedule for the account and Your Guide to Banking Fees brochure.

Specific requirements applying to this account are set out in the Income Tax Assessment Act 1997 (Cth). A breach of the requirements may result in the deposit not being treated as a Farm Management Deposit and the loss of Tax Benefits. The above is not tax advice. Prior to making a deposit, we recommend that you obtain advice from an independent tax adviser.

© 2017 Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945. All rights reserved. To use this Website, you are required to read the Financial Services Guide (which you agree to be provided by accessing the link). Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. Rates stated are subject to change without notice. Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). For lending products, lending criteria and fees and charges apply. Terms and conditions apply and are available on request.