Bendigo BankVariable Rate Farm Management Account
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.
At a glance
- Base rate
- 0.00%
Rates
Every rate Bendigo Bank publishes for this account, 3 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | up to $1,000 | 0.00% | - | paid every 1 yr |
| Variable | - | - | $1,000–$49,999 | 0.00% | - | paid every 1 yr |
| Variable | - | - | $50,000–$800,000 | 1.25% | - | paid every 1 yr |
Fees
One fee published, grouped by when they're charged.
When you make a transaction1
- Bank Cheque Fee
Applies per bank cheque you request. This fee will not be debited to your FMD.
$10
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 and limits
- Residency: Australian Resident
- Minimum balance $1,000
- Opening balance $1,000
- Customer must be a primary producer with an off-farm taxable income of less than $100,000 per annum.
- Can only be opened in the name of an individual.
- Subject to farm management deposit scheme eligibility guidelines.
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Published by Bendigo Bank under the Consumer Data Right, last changed by them on 2 Sept 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.