Variable Rate Farm Management Account
Transaction & Savings AccountsData Sharing Status
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.
- Base rate
- 1.25%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0% | $0 - $999.99 | yearly |
| Variable | 0% | $1,000.00 - $49,999.99 | yearly |
| Variable | 1.25% | $50,000.00 - $800,000.00 | yearly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Bank Cheque Fee Applies per bank cheque you request. This fee will not be debited to your FMD. | Transaction | $10.00 |
Features
- Designed for primary producers who’ve earned a taxable non-farm income of $100,000 or less over a financial year.
- You can have more than one Farm Management Deposit, up to a combined value of $800,000 per farmer.
- No monthly account service fees or transaction fees apply to Bendigo Bank Farm Management Deposit accounts.
- At call, no early withdrawal notice required.
Eligibility
- Customer must be a primary producer with an off-farm taxable income of less than $100,000 per annum.
- Residency status — Australian Resident Only available to Australian primary producers.
- Can only be opened in the name of an individual.
- Subject to farm management deposit scheme eligibility guidelines.
Constraints
- Opening balance — $1,000.00
- Maximum balance — $800,000.00The total of all FMD’s held in a client’s name must not exceed $800,000.
- Minimum balance — $1,000.00
Published by Bendigo Bank under the Consumer Data Right · Last updated 4 June 2026 · Product ID 65294c0f-0db3-47b0-b556-e24fd7e83849 · View on CDR.gov.au · View Source Data (JSON)