Farm Management Term Deposit
A Farm Management Deposit Account (FMDA) Term Deposit is for primary producers who can take advantage of the tax benefits available under the Farm Management Deposits (FMD) scheme. The FMDA Term Deposit allows you to lock away an amount of money at a fixed interest rate for a nominated time period. During the fixed term, no deposits or withdrawals are permitted.
- Fixed rate
- 5.25%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Fixed 24 Month TD Interest Annually | 5.2% | $50,000 to $99,999 | yearly |
| Fixed 24 Month TD Interest Annually | 5.2% | $1,000 to $49,999 | yearly |
| Fixed 24 Month TD Interest Annually | 5.2% | $100,000 to $800,000 | yearly |
| Fixed 12 Month TD Interest at Maturity | 5.25% | $50,000 to $99,999 | every 12 months |
| Fixed 12 Month TD Interest at Maturity | 5.25% | $1,000 to $49,999 | every 12 months |
| Fixed 12 Month TD Interest at Maturity | 5.25% | $100,000 to $800,000 |
Fees
| Fee | Type | Amount |
|---|---|---|
| Interest Certificate previous financial year - per certificate issued | Event | $10.00 |
| Record Search/Copy Fee per hour | Event | $70.00 |
| Request for Audit Certificate per certificate | Event | $30.00 |
| Standard fees There are no fees associated with this account | Event | $0.00 |
Features
- Pay $0 account keeping fees
- Monthly interest payments are available on terms 2, 3, 6, 9, 12 and 24 months at 0.30% p.a. below carded rates for interest at maturity (terms 2, 3, 6, 9, 12 and 24 months).
- Quarterly interest payments are available on terms 6, 9, 12 and 24 months at 0.25% p.a. below carded rates for interest at maturity (terms 6, 9, 12 and 24 months).
- Semi-annual interest payments are available on terms 12 and 24 months at 0.15% p.a. below carded rates for interest at maturity (terms 12 and 24 months).
Eligibility
- Business customersMust be a primary producer
- Business customersDeposit must remain in the account for a minimum of 12 months to take advantage of tax benefits
- Business customersDeposit between $1000 and $800,000 for the relevant financial year
- Business customersAccount can only be opened in an individuals name only
- Business customersAccount holder has a taxable non-primary income of $100,000 or less
Constraints
- Minimum balance — $1,000.00Minimum Balance of $1,000
- Maximum balance — $800,000.00Maximum Balance of $800,000
More Information
Published by Suncorp Bank under the Consumer Data Right · Last updated 27 May 2026 · Product ID FMDATD · View on CDR.gov.au