Regional Australia Bank
Farm Management Account
Regional Australia Bank · term deposits
Provider last updated this product 2026-04-30.
Go to provider
You'll complete your application on
Regional Australia Bank's website. Confirm the rate and fees with them
before applying.
A tax-effective investment that allows primary producers to set aside pre-tax income as a cash reserve for later years.
Deposit rates
| Type | Rate | Term | Calculated | Applies to | Conditions | Interest |
|---|---|---|---|---|---|---|
| FIXED | 0.00% | 1 months | daily | - | Interest rates are available on request for this product. | calculated daily, paid monthly |
| Interest rates are available on request for this product. | ||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Early Redemption Adminstration Fee | EXIT | - | 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. |
Rate history
The figures behind this chart
| From | Until | Rate |
|---|---|---|
| 2026-07-15 | 2026-10-27 (current) | 0.00% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- 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 mind, deposits in the FMD account must be kept for at least 12 months to be eligible for tax benefits.
- 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.
Who can apply
- otherAs a customer-owned bank, customers must also become a shareholder of Regional Australia Bank to be eligible to open an account.
- residency status - Australian ResidentIndividuals must be citizens or permanent residents of Australia.
- otherTo 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 refer to the Regional Australia Bank Product Disclosure Statement for more information.
Limits
- max balance - 800000.00Maximum deposit is $800,000.00
- min balance - 1000.00A minimum $1,000 investment applies to this product.
- opening balance - 1000.00A minimum $1,000 investment applies to this product.
The provider's own documents
- Product overview › (opens in a new tab)
- Terms and conditions › (opens in a new tab)
- Eligibility criteria › (opens in a new tab)
- Fees and pricing › (opens in a new tab)
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-04-30T02:07:28.075979Z · Product ID: 3b71cbfb-4ad2-4a6f-8ec9-f5007a9711e2