Bendigo Bank
Variable 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.
Savings & transaction accountsBank updated 2 Sept 2026
At a glance
- Base rate
- 0.00%
§ 01 — Rates · 3
| 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 |
§ 02 — Fees · 1
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Bank Cheque Fee | Transaction | $10 | — | Applies per bank cheque you request. This fee will not be debited to your FMD. |
§ 03 — 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.
§ 04 — Eligibility & 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.
§ 05 — Compare
§ 06 — Run the numbers
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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.