Our Farm Management Deposit accounts provide primary producers with the opportunity to shift pre-tax primary production income from years when it is needed least, to years when it is most needed, helping you to manage exposure to adverse economic https://content.powerapps.com/resource/uci-infra/resources/images/Add.e3b9b5bbf4470fff2278314b571d3441.svgevents and seasonal fluctuations.
Category: Term Deposits Last Updated March 20, 2025 Effective March 21, 2025
Product Features
OtherAdditional Information: Make deposits and withdrawals to your account during the 7 day renewal grace period, day 1 is the maturity date (minimum deposit/withdrawal amount of $1,000 applies)
OtherAdditional Information: You must provide 31 days' notice for early withdrawal or termination before your fixed term Deposit Account matures
OtherAdditional Information: A fixed term Farm Management Deposit that pays competitive interest
OtherAdditional Information: Wide choice of terms, starting from 28 days to five years
OtherAdditional Information: Easy reinvestment, with automatic rollover at maturity for your choice of term (unless you've given us other instructions). You can choose the new lodgement term in advance. If you prefer, we'll notify you before your investment matures so you can make your choice based on current interest rates.
OtherAdditional Information: Choose when you receive your interest payments - either monthly or end of term
OtherAdditional Information: Access your funds prior to maturity, by simply providing 31 days prior notice to redeem your account early (an interest adjustment applies)
OtherAdditional Information: Interest is paid directly into another nominated account held by you with BOQ or another Australian Financial Institution
Product Eligibility
BusinessAdditional Information: The FMD Scheme is restricted to primary producers with a non-primary production income of $100,000 or less.