Farm Management Deposit Account
A Farm Management Deposit Account (FMDA) At Call is for primary producers who can take advantage of the tax benefits available under the Farm Management Deposits (FMD) scheme. The FMDA At Call is a savings account with no fixed term which offers a standard variable interest rate on the money held in the account.
- Base rate
- 2%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable FMDA Variable Interest is calculated daily and paid anually into the nominated account (not into the Farm Management Deposit Account) on the anniversary of account opening. Calculated on the credit balance. | 2% | — | every 12 months |
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
- Unlimited transactions
- Staff assisted transactions only
- Pay $0 account keeping fees
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 25 March 2026 · Product ID FMDAatcall · View on CDR.gov.au