Farm Management Term Deposit

 Product Features

• Other Additional Information: Pay $0 account keeping fees

• Other Additional Information: Monthly interest payments are available on terms 2, 3, 6, 9, 12 and 24 months at 0.30% p.a. below carded rates for interest at maturity (terms 2, 3, 6, 9, 12 and 24 months).

• Other Additional Information: Quarterly interest payments are available on terms 6, 9, 12 and 24 months at 0.25% p.a. below carded rates for interest at maturity (terms 6, 9, 12 and 24 months).

• Other Additional Information: Semi-annual interest payments are available on terms 12 and 24 months at 0.15% p.a. below carded rates for interest at maturity (terms 12 and 24 months).

 Product Eligibility

• Business Additional Information: Must be a primary producer

• Business Additional Information: Deposit must remain in the account for a minimum of 12 months to take advantage of tax benefits

• Business Additional Information: Deposit between $1000 and $800,000 for the relevant financial year

• Business Additional Information: Account can only be opened in an individuals name only

• Business Additional Information: Account holder has a taxable non-primary income of $100,000 or less

 Bank Fees and Charges

• Standard Fees (Event), Amount: 0.00. Additional Information: There are no fees associated with this account

• Interest Certificate (Event), Amount: 10.00. Additional Information: previous financial year - per certificate issued

• Record Search/copy Fee (Event), Amount: 70.00. Additional Information: per hour

• Request For Audit Certificate (Event), Amount: 30.00. Additional Information: per certificate

 Limitations & Restrictions (Constraints)

• Min Balance of 1000.00 Additional Information: Minimum Balance of $1,000

• Max Balance of 800000.00 Additional Information: Maximum Balance of $800,000

 Document Downloads

  farm-management-deposit-account-pid.pdf (202.7 KB)