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Farm Management Deposit Account

Set aside pre-tax income in profitable years to establish cash reserves and manage low income periods with our farm management deposit account product.

Savings & transaction accountsBank updated 29 Oct 2026
Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate
1.25%
Monthly fee
$0

Rates

Every rate Bank of Melbourne publishes for this account, 12 in all.

TypeApplies toTermBandRateComparisonConditions
Fixed-1 yr$1,000–$19,9994.75%-paid every 1 mo; Min deposit amount
Fixed-1 yr$100,000–$800,0004.75%-paid every 1 mo; Min deposit amount
Fixed-1 yr$20,000–$49,9994.75%-paid every 1 mo; Min deposit amount
Fixed-1 yr$50,000–$99,9994.75%-paid every 1 mo; Min deposit amount
Fixed-2 yrs$1,000–$19,9994.50%-paid every 1 mo; Min deposit amount
Fixed-2 yrs$100,000–$800,0004.50%-paid every 1 mo; Min deposit amount
Fixed-2 yrs$20,000–$49,9994.50%-paid every 1 mo; Min deposit amount
Fixed-2 yrs$50,000–$99,9994.50%-paid every 1 mo; Min deposit amount
Variable--$1,000–$19,9991.25%-paid every 1 mo; Min deposit amount
Variable--$100,000–$800,0001.25%-paid every 1 mo; Min deposit amount
Variable--$20,000–$49,9991.25%-paid every 1 mo; Min deposit amount
Variable--$50,000–$99,9991.25%-paid every 1 mo; Min deposit amount

Fees

5 fees published, grouped by when they're charged.

While you hold it1

  • Account Keeping Fee
    No fee

When you make a transaction1

  • RTGS Transaction fees
    $35

When particular things happen3

  • Account Information
    $15
  • Duplicate Statement fees
    No fee
  • Personal Correspondence Details

    Any two categories = $30.00

    $30

Features

Digital banking
  • Set aside pre-tax income in profitable years to establish cash reserves and manage low income periods
  • No account-keeping fee and you earn interest on every cent
  • Deposits into the account may be deducted from your assessable income in the year of deposit, if the deposit complies with Federal Government requirements. Any withdrawals will be included in assessa…
  • Both fixed and variable interest rate options are available, Interest is calculated daily and paid monthly.
  • Deposits must usually be held for a minimum of 12 months to comply with government requirements
  • Access to your funds via Bank of Melbourne branches.
  • IMPORTANT NOTE: For accounts opened or renewed on or after 1 August 2014, if you wish to withdraw from or close your Farm Management Account during a fixed interest rate period you will need to provi…
  • The variable rate option is for customers who want to invest funds at a variable rate of interest while still maintaining access to funds.
  • The fixed rate option is for customers who want to invest a specific amount for a fixed term at a fixed rate of interest and who do not have a need to access their funds during the term.

Eligibility and limits

  • Minimum age 18
  • Available to businesses
  • Minimum balance $1,000
  • Individual primary producers operating as sole traders, partners in a partnership, or beneficiaries of a trust.
  • Applicants must be eligible under ATO Farm Management Deposits Scheme requirements. The taxable non-primary production income for the year of income must not exceed $100,000.
  • Fixed interest rate terms of 12 months and 24 months are available.

Published by Bank of Melbourne under the Consumer Data Right, last changed by them on 29 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.