Regional Australia Bank
Farm Management Account
A tax-effective investment that allows primary producers to set aside pre-tax income as a cash reserve for later years.
At a glance
- Pricing
- Rates on application
- Best rate
- 0.00% for 1m
- Min deposit
- $1,000
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedInterest rates are available on request for this product. | — | 1 mo | — | 0.00% | — | paid every 1 mo |
§ 02 — Fees · 2
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Early Redemption Adminstration Fee | Exit | $0.01 | — | This fee may apply when you request to redeem your deposit prior to the maturity date. A reduced Interest Rate applies in addition to this fee. |
| Cheque Withdrawal Fee (Farm Management Only) | Withdrawal | $2.25 | — | Applies per withdrawal or Interest payment from a Farm Management Account made by cheque. |
§ 03 — Features
Digital banking
- · No account keeping fee
- · Funds held in a FMD account will be deducted from your assessable income in the year in which the deposit is made. Withdrawals are considered assessable income for that year's tax return. Keep in min…
- · Combined balances of up to $250,000 per account holder are guaranteed and secured by the Australian Government.
- · Helps balance good and bad times, by allowing eligible customers to set aside their individual pre-tax income in good years as a cash reserve to withdraw from in less profitable years.
§ 04 — Eligibility & limits
- · Residency: Australian Resident
- · Minimum balance $1,000
- · Opening balance $1,000
- · As a customer-owned bank, customers must also become a shareholder of Regional Australia Bank to be eligible to open an account.
- · To open a Farm Management Deposit account you must first meet special legislative requirements.This includes, but is not limited to being a primary producer as defined by Australian tax law. Please r…
§ 05 — Compare
§ 06 — Run the numbers
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Published by Regional Australia Bank under the Consumer Data Right, last changed by them on 30 Apr 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.