{
  "source": "https://api.cdr.bendigobank.com.au/cds-au/v1/banking/products/65294c0f-0db3-47b0-b556-e24fd7e83849",
  "note": "Product Reference Data published by the data holder under the Consumer Data Right, as cached by this site (refreshed every 6 hours).",
  "data": {
    "effectiveFrom": "2025-02-09T14:00:00.000Z",
    "lastUpdated": "2026-06-04T00:13:38.936Z",
    "productCategory": "TRANS_AND_SAVINGS_ACCOUNTS",
    "name": "Variable Rate Farm Management Account",
    "description": " 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.",
    "productId": "65294c0f-0db3-47b0-b556-e24fd7e83849",
    "brandName": "Bendigo Bank",
    "isTailored": false,
    "bundles": [],
    "cardArt": [],
    "features": [
      {
        "featureType": "OTHER",
        "additionalInfo": "Designed for primary producers who’ve earned a taxable non-farm income of $100,000 or less over a financial year."
      },
      {
        "featureType": "OTHER",
        "additionalInfo": "You can have more than one Farm Management Deposit, up to a combined value of $800,000 per farmer."
      },
      {
        "featureType": "OTHER",
        "additionalInfo": "No monthly account service fees or transaction fees apply to Bendigo Bank Farm Management Deposit accounts."
      },
      {
        "featureType": "OTHER",
        "additionalInfo": "At call, no early withdrawal notice required."
      }
    ],
    "constraints": [
      {
        "constraintType": "OPENING_BALANCE",
        "additionalValue": "1000.00"
      },
      {
        "constraintType": "MAX_BALANCE",
        "additionalInfo": "The total of all FMD’s held in a client’s name must not exceed $800,000.",
        "additionalValue": "800000.00"
      },
      {
        "constraintType": "MIN_BALANCE",
        "additionalValue": "1000.00"
      }
    ],
    "eligibility": [
      {
        "eligibilityType": "OTHER",
        "additionalInfo": "Customer must be a primary producer with an off-farm taxable income of less than $100,000 per annum."
      },
      {
        "eligibilityType": "RESIDENCY_STATUS",
        "additionalValue": "Australian Resident ",
        "additionalInfo": "Only available to Australian primary producers."
      },
      {
        "eligibilityType": "OTHER",
        "additionalInfo": "Can only be opened in the name of an individual."
      },
      {
        "eligibilityType": "OTHER",
        "additionalInfo": "Subject to farm management deposit scheme eligibility guidelines."
      }
    ],
    "fees": [
      {
        "name": "Bank Cheque Fee",
        "feeType": "TRANSACTION",
        "feeMethodUType": "fixedAmount",
        "additionalInfo": "Applies per bank cheque you request. This fee will not be debited to your FMD.",
        "discounts": [],
        "fixedAmount": {
          "amount": "10.000000"
        }
      }
    ],
    "lendingRates": [],
    "depositRates": [
      {
        "depositRateType": "VARIABLE",
        "rate": "0.0000000000000000",
        "calculationFrequency": "P1D",
        "applicationFrequency": "P1Y",
        "applicationType": "PERIODIC",
        "tiers": [
          {
            "name": "$0 - $999.99",
            "unitOfMeasure": "DOLLAR",
            "minimumValue": "0.0000000000000000",
            "maximumValue": "999.9900000000000000",
            "rateApplicationMethod": "WHOLE_BALANCE"
          }
        ]
      },
      {
        "depositRateType": "VARIABLE",
        "rate": "0.0000000000000000",
        "calculationFrequency": "P1D",
        "applicationFrequency": "P1Y",
        "applicationType": "PERIODIC",
        "tiers": [
          {
            "name": "$1,000.00 - $49,999.99",
            "unitOfMeasure": "DOLLAR",
            "minimumValue": "1000.0000000000000000",
            "maximumValue": "49999.0000000000000000",
            "rateApplicationMethod": "WHOLE_BALANCE"
          }
        ]
      },
      {
        "depositRateType": "VARIABLE",
        "rate": "0.0125000000000000",
        "calculationFrequency": "P1D",
        "applicationFrequency": "P1Y",
        "applicationType": "PERIODIC",
        "tiers": [
          {
            "name": "$50,000.00 - $800,000.00",
            "unitOfMeasure": "DOLLAR",
            "minimumValue": "50000.0000000000000000",
            "maximumValue": "800000.0000000000000000",
            "rateApplicationMethod": "WHOLE_BALANCE"
          }
        ]
      }
    ],
    "brand": "BENDIGO"
  }
}